If you have been hearing a lot about the China Construction Bank and you want to know How To Open China Construction Bank Account then this article is your best choice.
In Singapore, opening a bank account follows the same procedure at almost every bank. However, the process and requirements may vary depending on the bank and the type of account that you may want to create.
See How To Open Bank Of China Account
With its headquarters located in Singapore, the China Construction Bank Corporation (also known as “CCB Singapore” or the “Branch”) opened for operation in 1998 with an offshore banking license that was later upgraded to a wholesale banking license in 2010.
The Bank provides services for corporate clients, credit cards, loans, securities agents, money settlement, and deposits. Global client service is provided by China Construction Bank.
After receiving a Qualifying Full Bank (“QFB”) license from the Monetary Authority of Singapore in December 2020, CCB Singapore is now able to provide the Singaporean market with a comprehensive range of banking products and services.
Check out Documents Needed To Open Bank Of China Account
The activities of the bank can be broken into 5 main categories namely: the Commodities Trade Financing Centre, the Infrastructure Financing Service Centre, the Investment Banking Transaction Centre, the Private Banking Centre and the FinTech Innovation Centre.
Now that we know much about them let us look at the criteria for Opening China Construction Bank Account.
Eligibility Criteria for Opening China Construction Bank Account
You need to meet these criteria or have all these documents first before you even think of opening an account with them. Have a look at the documents below.
- Completed application form with personal details.
- Valid passport and visa details.
- Proof of address.
- Chinese phone number.
- Valid work permit, business license, or documents supporting employment or student status.
How To Open China Construction Bank Account at a Bank Branch
- You are required to go to the China Construction Bank branch in Singapore that is closest to you.
- After that, let the branch’s teller know that you want to create an account with them. With this you ask about the type of account to create.
- And then, you have to complete the application to start an account. (The documents in the eligibility criteria above)
- All you need to do now is select the kind of bank account and know the basic facts.
- That’s all; all you need to do now is send in all the necessary paperwork.