Account Opening Witness Services By Appointment

Question 1:
How long does it take to open a Dah Sing Bank (China) Limited deposit account through Account Opening Witness Services by appointment?

Answer:
It normally takes 3-5 working days to open an account upon receipt of all the required documents, and upon submission of relevant account information. Customers can visit Dah Sing Bank (China) Limited in person to get their Debit Card, Passbook & PINs to activate their account.

Question 2:
Can funds be transferred from a Hong Kong joint account to a single name account opened by the Account Opening Witness Services By Appointment?

Answer:
No. Only funds from Hong Kong accounts under a single name can be transferred to Mainland China accounts in the same name.

Question 3:
What documents are required for Account Opening Witness Services By Appointment?

Answer:
Hong Kong Identity Card, Home Visit Permit and the latest proof of address (the latest three months of phone bill, utility bill, rates bill or credit card statement etc., excluding electronic statement) and a real-name registered mainland China mobile number (applicable for e-Banking application).

Question 4:
What should be taken note of for depositing and withdrawing funds in the account?

Answer:
Fixed Deposit Account
Individuals holding a Hong Kong Identity Card can transfer funds up to RMB80,000 per day to the account under the same name through a clearing bank. If the inward remittance funds exceed the maximum daily limit, the funds will be returned to Hong Kong through the same route. At the same time, Dah Sing Bank (China) Limited will deposit the funds into a savings or fixed deposit according to your written instructions.

Settlement Account
Deposit, withdrawal, payment transfer and binding e-Wallet in China are available for the account.

Question 5:
Is it necessary to remit funds through Dah Sing Bank of Hong Kong?

Answer:
It is not necessary. However, if the funds are remitted through other banks in Hong Kong, there will be no remittance fee wavier. Act now to open an account from Dah Sing Bank of Hong Kong if you do not have one.

Question 6:
What are the applicable fees and charges for the account of Dah Sing Bank (China) Limited?

Answer:
Please call our customer service hotline of Dah Sing Bank (China) Limited (Customer Service Hotline of Hong Kong: 2507 8712, Customer Service Hotline of Mainland China 400-882-8893) or visit Dah Sing China Service Center for more information.

Question 7:
Is there any withholding tax of deposits in Mainland China?

Answer:
There is currently no withholding tax of deposits in Mainland China.