But what do you need to open a Chinese bank account? These are the documents that usually are requested:
- Passport: you need to bring your passport along with your valid Chinese visa.
- Chinese phone number: the bank account will be linked to your phone number, so that you can also manage online banking. Before going to the bank to open an account, you need to get a Chinese SIM and a local phone number.
- Work permit or student ID: banks usually ask for a student ID or work permit before opening the account. This doesn’t happen all the time but it is worth remembering before going to the credit institution.
- Proof of residence: this is not always necessary, but some banks require it. Examples of proof of residence could be a receipt from the hotel where you live, or your residence permit.
Opening a bank account in China was easy before, but things have changed over the years. As China develops, it is becoming almost impossible for foreigners to open bank accounts unless they have a residence permit, or study or work there. To open a bank account in China you must be at least 18 years old.