rmd trade

RMB Corporate Account

Manage remittances and foreign exchange (FX) transactions in RMB

RMB Corporate Account

Manage remittances and foreign exchange (FX) transactions in RMB

    At a Glance
    With increasing market activities between mainland China and Hong Kong, DBS RMB Corporate Account offers comprehensive business banking solutions to help you capture RMB opportunities and expand your business in China.

    Our RMB Corporate Account is designed for all companies, including SMEs , that conduct cross-border transactions with mainland China. It enables you to manage inward and outward remittances, save on foreign exchange (FX) costs, and finance your trade efficiently in Renminbi.

    money

    More savings

    Save on foreign exchange (FX) conversion charges, such as RMB to HKD and RMB to USD

    content

    Stronger ties

    Opening a RMB Corporate Account enables you to strengthen business ties with your business partners in mainland China by settling cross-border transactions quickly

    Competitive edge

    Mitigate foreign exchange (FX) risks and gain an advantage by paying in RMB

    Features & Benefits
    bussiness

    Strengthen relationships with your suppliers in China

    Faster tax rebates and lower supply chain costs for your supplier with a RMB Corporate Account

    money

    Save on FX conversion charges

    Avoid foreign exchange (FX) risks if your company has both RMB inward and outward remittances

    How to Apply

    You may apply for a RMB Corporate Account via our DBS Online Account Opening for Business.

    Alternatively, please download and complete the application form and submit it at any DBS SME Banking Centres.

    You may also Make an Appointment or call DBS Business Care at 2290 8068.

    Download PDF
    Application Form
    Account Opening Checklist
    FAQs
    What is a RMB Corporate Account?

    Our RMB Corporate Account is designed for all companies, including SMEs, that allows you to conduct cross-border transactions with mainland China. It allows you to also manage your inward and outward RMB remittances, save on foreign exchange costs (such as converting RMB to HKD and RMB to USD), as well as increasing the efficiency of your trade transactions with your China business partners.
    What is the daily withdrawal limit with the RMB Corporate Account?

    There is no daily limit for cash withdrawal with the RMB Corporate Account.
    Can I make RMB inward and outward remittances from a RMB Corporate Account?

    Yes, as there is no restriction for inward and outward RMB remittance outside mainland China. For RMB inward and outward remittance within mainland China, it is subject to PRC regulations and guidelines.
    Are there any foreign exchange (FX) fees?

    For more information regarding RMB FX exchange fees, please call DBS Business Care at 2290 8068 or visit our SME Banking Centres. Our Relationship Manager will be glad to assist you.
    Get in Touch
    DBS Online Account Opening for Business
    Apply for a Loan
    Contact DBS BusinessCare

    Related