Deposit. Withdrawal. Exchange. Remittance.
Your RMB fund management wouldn't be any easier.

At DBS Bank, we are always committed to enhancing our services in order to meet your changing financial needs.

Following the State Council's approval to further expand Renminbi (RMB) banking business in Hong Kong¹, we are pleased to introduce the enhanced RMB services² to meet your RMB needs.

• Savings Deposit Services: You can open a RMB Savings Account with us and enjoy the convenience of withdrawing RMB notes in Hong Kong at any of our branches or have your RMB passbook updated at our automatic Passbook Update Machine. What's more, individual customers can check account balance 24 hours a day via our DBS iBanking Internet Banking and Phone Banking Services, and withdraw RMB notes at China UnionPay ATM network in the Mainland China giving greater convenience in managing finance.

• Time Deposit Services: We offer you RMB time deposits with competitive interest rates. With different options of deposit period, you can enjoy added flexibility in managing your money.

• Exchange Services: You can either exchange RMB funds to HKD and vice versa via your RMB account or through cash transaction at any of our branches in Hong Kong.

• Remittance Services: You can remit RMB to your bank account in Chinese mainland via our remittance services³ which save you the hassle of bringing your RMB funds with you when commuting between the two places.
  
  You are free to transfer RMB funds with no limit from other bank accounts in HKSAR via remittance service or by RMB cheque⁴.

Enhanced financial benefits come with quality RMB services: Your RMB balances in your DBS RMB accounts will be counted in your Total Relationship Balance with us. Hence, you will be rewarded with better time deposit interest rates for a higher Total Relationship Balance.

What's more? If you are a DBS Treasures customer, you can enjoy the highest savings interest rate within the Bank for a range of currencies (including RMB) and the highest tiered time deposit interest rate.

Remarks:

1.	According to the State Council, banks in Hong Kong are permitted to offer RMB banking services excluding other capital account services conducted in RMB. The RMB Services are available to individual customers holding a valid Hong Kong Identity Card only.
2.	The scopes of RMB services and exchange/remittance limits are subject to the regulations and requirements of respective regulatory authorities.
3.	RMB remittance customer must be a RMB deposit account holder of DBS. Individual customers can remit a maximum aggregate amount of RMB80,000 per day to bank account under the same name in Chinese mainland.
4.	The cut-off time for RMB cheque clearing is 14:00 pm from Monday to Friday. For cheque deposit after cut-off time, it will be processed on the next clearing day.
Risk disclosure:
1.	RMB is currently not freely convertible and is subject to exchange controls and restrictions.
2.	For individual customers, the conversion of RMB is subject to a daily limit as promulgated from time to time by the relevant regulatory authority in Hong Kong (currently such conversion daily limit is RMB 20,000) and  sufficient time should be allowed if the conversion amount exceeds the prevailing daily limit.
3.	There is no guarantee that RMB will not depreciate. If you convert Hong Kong Dollar or any other currency into RMB so as to invest in a RMB product and subsequently convert the RMB sale proceeds back into Hong Kong Dollar or any other currency, you may suffer a loss if RMB depreciates against Hong Kong Dollar or other currency.