Open a Yuan Bank Account for Importers
Steps to open and maintain a yuan account for import payments in China.
No published figure yet. The authority does not publish this cost in a form we could verify and quote, so this guide covers the procedure only: what to bring, in what order, and where it goes wrong. We will add the figures the moment there is a source for them.
In order
- Gather your documents — Collect your business license, passport, proof of address, and any import-related registration codes.
- Select a bank branch — Choose a branch that serves importers and ask about yuan account services and fees.
- Visit the branch in person — Bring original documents and copies, and request to open a yuan bank account for your business.
- Complete the application forms — Fill out the bank's forms and sign the account agreement after verifying your details.
- Set up online banking — Activate online access and mobile alerts to monitor transactions and manage payments.
- Provide trade documents for payments — For each import payment, submit the contract, invoice, and customs declaration to the bank.
- Keep your account active — Review statements regularly and update the bank on any changes to your business information.
This guide walks you through opening a yuan bank account for your importing business. It covers documentation, bank selection, and ongoing requirements. It is not legal, tax, or immigration advice.
Before You Apply
You need your business license, passport, and proof of address in China. Some banks also ask for your import registration or customs code. Choose a bank that handles foreign trade regularly. Ask about fees for receiving and sending yuan, and whether they support online banking in English.
The Application Process
Visit the bank branch in person. Bring original documents and copies. The bank will verify your identity and business status. You will fill out an application form and sign agreements. The bank may take time to review before approving.
After Approval
You receive your account number and a bank card or passbook. Set up online banking and mobile alerts. Keep your business license and passport copies updated with the bank. Report any changes to your business registration.
Using the Account for Imports
For each import payment, you may need to provide the contract, invoice, and customs declaration. The bank will check the transaction against your import records. Some payments require approval from the foreign exchange authority. Plan ahead for these checks.
Maintaining the Account
Review your account activity regularly. Some banks require you to visit the branch periodically to keep the account active. If you stop using the account, close it properly to avoid fees or restrictions.
Confirm before you act
Fees and processing times change. This page was checked on 2026-11-09; confirm the current rule with the authority named in each source above before you rely on a deadline.
Last checked 2026-11-09, next review 2027-05-08. Every figure above names its source and the date it was read. This page is a guide, not legal, tax or immigration advice — confirm with the authority before acting on a deadline.