How to open a bank account in Ningxia, China
Written by Yushan Wu
Requirements to open a bank account in Ningxia, China:
Bank of Ningxia is a state-owned enterprise established in 1998 in Ningxia, China. The requirements and steps for opening an account at the Bank of Ningxia are simple. First, Opening an account with the Bank of Ningxia is free. The bank will not charge any money to the account holder. The conditions for opening a personal bank account require the holder to be at least 18 years old. Secondly, the Bank of Ningxia required the person who opened the account to carry the ID card to the offline store for formalities. When the account holder arrives at the store, they can make an appointment with the staff using the self-service reservation machine. The account holder can wait in the lounge area after seeing the notification that the reservation has been successfully made. When the account holder’s name appears on the screen, the relevant staff will help them prepare the materials needed to open the account. The account holder can complete the form and show their ID card according to the staff’s instructions. After the staff help the account holder to complete all the procedures of the new account, the staff will guide the account holder to download the Bank of Ningxia App and complete the online banking registration. Finally, the bank staff will give the customer the bank card and a small gift.
● Reservation (make online or instore)
● At least 18 years old
● ID card
Can foreigners or international students open a bank account?
Yes, foreigners and international students can open an account at the Bank of Ningxia.
Since the Bank of Ningxia is a state-owned enterprise in China, the requirements for foreigners to open an account are the same as other state-owned banks in China. Foreigners need to bring more identification documents when opening an account.
● Valid passport.
● Employment verification in China. Employment verification must include personal information such as name, company name, and position. Students require proof of school attendance.
● A copy of the Alien Residence or Permanent Residence Permit. Its validity period must be more than one year, and it must be more than one month from the expiry date.
Other than that, opening an account for foreigners is the same as the above steps. Staff will provide guidance and assistance if needed.
This article was written by Yushan Wu, a graduate student at NYU.
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Reference: http://www.bankofnx.com.cn/