RMB Banking Services
 Manage RMB at your fingertip
 
 
At MEVAS Bank, we always take the initiative to provide you with diversified products and professional banking services. To meet the demands of customers for RMB banking services, MEVAS Bank now provides you with RMB savings account, fixed deposits, checking and exchange services. Now you can enjoy a full range of comprehensive and high quality RMB services here at MEVAS Bank!
 
Comprehensive & High Quality RMB Banking Services
  RMB Deposit
 
  • Provides you with RMB Savings and Fixed Deposit services1
  • Preferential interest rate
  • Customers may manage their deposits and transfer funds flexibly and conveniently through MEVAS Bank branches in Hong Kong, through online e-banking services or by using phone banking services.
   
  RMB Checking Services
 
  • RMB Current Account2 provides you with RMB cheque book free of charge.
  • Integrates benefits of savings interest with a preferential interest rate same as RMB Savings Account.
  • Customers can issue cheques in Guangdong Province (including Shenzhen) for payment of consumer spending.
  • A monthly statement will be provided to clearly show all your account transaction details.
   
  RMB Exchange Service
 
  • RMB-to-HKD exchange service
  • Preferential exchange rate
  • MEVAS Bank customers can enjoy a waiver on note exchange handling fee
   
  The First "Auto-Switch RMB Service" 3 in Town
 
  • One-stop RMB auto-exchange and RMB fixed deposit auto-placement services with no service fee
  • Customers can simply place one single instruction at any MEVAS Bank branch, and we will automatically transfer the relevant funds from customers' HKD deposit accounts to their RMB savings accounts daily, according to the total target RMB amount to be exchanged and the daily exchange amount set by the customers.
  • Customers can also choose RMB fixed deposit auto-placement upon completion of the RMB auto-exchange & transfer, so as to enjoy our exceptionally high RMB fixed deposit interest rate. No extra instruction is needed.
 
Please Act Now
 
To enjoy the quality and convenient RMB banking services, please visit any MEVAS Bank branch to open an account now. For enquiries, please call 3101 3838.
   
  General Terms and Conditions:
 
  1. The initial deposit amount for an RMB savings account is as low as RMB100; the minimum deposit amount for RMB fixed deposits is RMB10,000. RMB Savings Account / RMB Current Account holders who maintain the "Total Relationship Value" not less than HK$5,000 or equivalent will enjoy a waiver on the relevant low-balance account maintenance fee. The calculation for the "Total Relationship Value" includes the balances of customers' other accounts at MEVAS Bank. For details, please contact our Bank branches.
  2. The initial deposit amount for an RMB Current Account is as low as RMB1,000, and the account balance must not exceed RMB 80,000. Customers who open an RMB Current Account must hold an RMB Savings Account in our Bank at the same time.
  3. The relevant services are applicable to individual customers only. The daily limit for the exchange of HKD-to-RMB per customer is RMB 20,000.
  4. For details and terms and conditions of all of the above services and charges, please contact our Bank branch staff. MEVAS Bank reserves the right to amend the above services without prior notice. In the event of a dispute, the decision of the Bank shall be final.
  5. If there is any discrepancy between the English and Chinese versions, the English version shall prevail.
 
Useful Information related to RMB Banking Services
RMB Deposit Account
• RMB account holders must be individual customers who are HK Identity Cardholders aged 18 years or older and Designated Business Customers1 in Hong Kong.
• Individual customers are allowed to deposit RMB exchanged from Hong Kong Dollars or in RMB banknotes.
• Designated Business Customers are allowed to deposit in RMB banknotes only.
• The interest of RMB Savings Account will be calculated on the daily closing balance and paid monthly. The day basis for interest calculation is 360.
• For banknotes deposit, only RMB banknotes in denominations of RMB10, 20, 50 and 100 of Series 4 & Series 5 will be accepted. RMB coins and other denominations will not be accepted.
• Overdraft, cashier order , lending services and inter-bank transfer will not be provided in the meantime.
RMB Checking Services
• The services are only applicable to individual customers who are HK Identity Cardholders aged 18 years or older.
• Each customer is only allowed to open one RMB Current Account in our Bank.
• The daily aggregate payment amount for each Current Account must not exceed RMB 80,000.
• The interest of the Current Account will be calculated on the daily closing balance and will be paid monthly.
• The day basis for interest calculation is 360.
• An overdraft is not allowed for a Checking Account.
• Cheques are non-transferable.
RMB Exchange Service

(1) Type of Customers Eligible for Exchange Service
  Hong Kong-designated business customers1
  •

Only RMB-to-HKD one-way exchange service will be provided
 
  Individual Customers
  •

RMB & HKD two-way exchange service will be provided

  •

The maximum exchange amount in cash per transaction is RMB 20,000.

  •

Only RMB banknotes in denominations of RMB10, 20, 50 and 100 of the Series 4 & Series 5 will be accepted. RMB coins and other denominations will not be accepted.

 
2) Exchange through Account by Individual Customers
  • Only for exchange between HKD & RMB
  • The maximum exchange amount per person per day is RMB 20,000 and this limit includes the total exchange amount via any channels (including branches, internet banking and phone banking, etc.) E.g. If a customer needs to transfer HK$50,000 into a RMB account, he/she needs 3 banking days to transfer all the funds.
  •

The daily limit for the exchange of HKD-to-RMB and exchange of RMB-to-HKD will be calculated separately. This means, within the same day, customers can exchange HKD into a maximum of RMB 20,000 and at the same time exchange RMB 20,000 into HKD.

Remark
1. Hong Kong Designated Business Customers is applicable for :
  - Including Hong Kong commercial establishments that provide retail, catering, accommodation, transportation services, communication services, medical services and educational services .
  - Have had business relationship with the Bank for more than 3 years. Customers with less than 3 years of business relationship will be accepted if there is concrete evidence to certify that they have been engaged in relating services.
  - Excluding money changers, property agents, stockbrokers, financial institutions and gambling establishments.
  - MEVAS Bank reserves the right to refuse to provide the relevant services.