Because life’s complicated enough
I tried to find an ironic slogan for the title to my blog post about banking in China. The Abbey National Bank's old slogan was perfect. I've recently opened a current (checking) account in China and I was pleased with how quick and easy it was. The only difficulty was the language for which I bought along a Chinese friend for help. If you don't have any Chinese or any friends then you can refer to this comprehensive guide. Requirements to open a Chinese bank account:
- 1 form of ID
- £1 processing fee.
- Yearly £0.70 for the privilege of a debit card.
- Receive your debit card and PIN number at the same time
- 2 forms of ID
- Proof of address
- Credit check
- Zero pounds
- Wait a week to receive your debit card and PIN number