How to Open a Bank Account in China as a Foreigner
Opening a bank account in China is simpler than most guides make it sound — if you bring the right papers and expect a two-visit process. Here is the plain-English version.
Information product. Bank policies vary by branch and city and change over time. Verify with the specific branch before relying on this guide. Health Disclaimer
TL;DR — the 30-second version
- Bring your passport (with valid visa/residence permit), and in many cities a lease or hotel registration is requested.
- Expect a working Chinese phone number — the bank sends SMS verification codes to it.
- The four big banks handle expats most smoothly: Bank of China, ICBC, CMB, and China Construction Bank.
- Budget two visits: one to apply, one to collect the card. Some branches deliver the card on the spot.
What to bring
- Passport — valid, original, with your current visa or residence permit.
- Chinese phone number — required for SMS codes. Get a local SIM first.
- Proof of address — lease contract, hotel registration form, or a letter from your employer. Policies vary.
- Tax ID (if applicable) — some branches ask for your home-country tax number for FATCA reporting.
- Cash for the initial deposit — some branches require a small opening deposit (usually 10–100 RMB).
The process
| Step | What happens | Time |
|---|---|---|
| 1. Pick a branch | Big-city branches with an international desk handle expats fastest. Ask for the counter that speaks English. | — |
| 2. Apply | Forms in Chinese; staff usually help. Set up your online banking PIN for apps like ICBC’s or CMB’s. | 40–60 min |
| 3. Verify | Bank may call to confirm, or send an SMS. Watch your phone. | 1–3 days |
| 4. Collect card | Return to collect the debit card, or receive by mail at your address. | 2nd visit |
| 5. Link payments | Link the card to WeChat Pay or Alipay in the apps. | 10 min |
Practical notes from the ground
- Salaries and rent: many expats run two accounts — a salary account at their employer’s bank and a daily-use account they actually manage.
- Apps matter: ICBC and CMB have decent English modes; smaller banks are often Chinese-only.
- Keep receipts of anything you sign. If a branch demands something unusual (like a notarized document), ask to speak to the manager — policies vary by branch, not just by bank.
Editorial review: EasternReset Team · Snapshot: 2026-09. Found an error? Report it