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 Passbook Savings Account with us and enjoy the convenience of withdrawing RMB notes in Hong Kong at any of our branches or at China UnionPay ATM network in the Mainland China. You can also have your RMB passbook updated at our automatic Passbook Update Machine. What's more, you can check your account balance 24 hours a day via our DBS ec-banking Internet Banking and Phone Banking Services, giving you greater convenience in managing your 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. You can convert RMB funds with the maximum of RMB20,000 equivalent per day into Hong Kong dollars or vice versa via your DBS RMB account. If you do not hold any RMB account with us, you can exchange RMB20,000 equivalent per day per transaction at maximum.

• Remittance Services: You can remit a maximum aggregate amount of RMB80,000 per day to your bank account under the same name 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.
  
  For the purpose of RMB Bond purchase, you are free to transfer RMB funds with no limit from other bank accounts in HKSAR under the same name via remittance service or by RMB cheque⁴.

• Services for Designated Merchants: We offer Renminbi deposit account opening, Renminbi notes deposit & withdrawal service and one-way exchange of Renminbi deposits / notes into Hong Kong dollars for designated merchants engaging in transportation, communication, medical, education, retail, catering and accommodation.

• 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 Treasures Priority Banking 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 under the Total Plus Service Scheme.

Remarks:

1.	According to the State Council, banks in Hong Kong are permitted to offer RMB banking services excluding investment and other capital account services conducted in RMB. The RMB Services are available to individual customers holding a valid Hong Kong Identity Card and designated merchants 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.
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.