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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9905
Location: EOA Seminar
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 Posted:
Dec 10, 2007 - 07:00 AM |
 
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^ True. You can do it.
The minimum daily average balance is something like 500,000 RMB. Go below it for just one day and you get a monthly service charge of about $50. |
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soapsud
Talker
Joined: Sep 28, 2004
Posts: 90
Location:
Status: Offline
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| Posted:
Dec 10, 2007 - 09:59 AM |
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I went to the Expat fair and Citi bank told us the same story about linking accounts from overseas , and told us they also do Credit cards???. But my issue is that I just want a bank that does have some online facilities, would the Bank of China be a better bet, then trying to find an international bank, Need to open account by Tuesday, I am walking around with quite abit of cash need to get it in an account. |
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me_myself_&_i
Reacher
Joined: Oct 15, 2007
Posts: 244
Status: Offline
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Dec 10, 2007 - 10:50 AM |
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hsbc ask to have a balance of a minimum 100.000rmb to have free bank account for the premier account they now request 500.000rmb balance
as for credit card as some people asked and myself included i sent them an
e-mail yesterday and this is what they sent me back:
FROM HSBC SHANGHAI PORTMAN BRANCH:
Thank you for your email of 09 Dec 2007.
We regret to inform you that, due to regulatory constraints, HSBC China
is NOT allowed to issue credit or ATM cards. However, we are currently
preparing for card issuance. We shall issue cards as soon as we get
the license to do so.
With a deposit of CNY500000 or equivalent, you may enjoy the extensive
network of HSBC Premier Centres in mainland China and around the world
to offer you exclusive and preferential services:
1.Your own Customer Relationship Manager to provide attentive
one-to-one relationship banking.
2.Qualified in one country, recognized in all countries. If you are
currently our Premier customer in any other HSBC countries, you may
directly get in contact with your account-holding country to prepare for your
free-Premier account in HSBC China. Also we are more than happy to
arrange the Premier account for you as you like.
3.Global emergency cash services.
4.A comprehensive range of structured deposits to assist you to
maximize the potential return of your assets.
5.Relationship, Recognition and Reward & Preferential Tariff such as
free online TT between self-named Accounts within HSBC Group etc.
For further enquiries, please dial our national customer service
hotline 800-820-8878 (within China) /86 21 68411818 (from overseas) or visit
our website www.hsbc.com.cn.
Regards,
Cathy
Customer Service Center
HSBC China
so if that can help spome people. |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9905
Location: EOA Seminar
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| Posted:
Dec 10, 2007 - 12:20 PM |
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HSBC has a credit card alliance with Bank of Communications, CitiBank has one with Shanghai Pudong Development Bank and Hang Seng has one with Industrial Bank. The terms of each contract stipulate that the foreign bank cannot conduct any credit card business for the next 7 - 10 years in China that is in direct competition with the Chinese partner bank unless the card(s) is/are issued also through the Chinese partner bank.
Unless the Customer Service staff at HSBC or CitiBank know something that the CEO of CitiBank China or the CEO of HSBC knows, they must be full of $hit. |
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