China Merchants Bank Sydney Branch BSB:828-001
Deposit
Current Account
Product Features
tUsed for daily settlement of payments
tInterest calculated daily
tInterest credited monthly
tNo monthly account keeping fee
Currency
AUD, USD, CNY, HKD, NZD, GBP and EUR are available to our valued customers.
Minimum Account Deposit Balance
tFor corporate customers, there is no minimum initial account deposit required.*
tFor individuals, the minimum initial account deposit is AUD500,000 or equivalent.
Please submit the following documents:
tCustomer Application Form
tAccount Opening Application Form
tBoard Resolution
tCompany Structure
tCRS Self-Certification Form
tControlling Person Self-Certification Form
tCertified individual identification copy of beneficial owners and directors
tCertified individual identification copy for each authorized signatory
tCertificate of Incorporation
* Pursuant to section 761G (7) Corporations Act, all accounts opened under CMB Sydney Branch are subject to Wholesale Customer Test.
* Deposits are not subject to Division 2 of the Banking Act – Protection of Depositors.
Term Deposit
Product Features
tThere is no minimum amount of deposit is required.*
tInterest is accrued daily on the total deposit balance, and will be paid on the maturity date of the deposit or a predetermined cycle.
tThe term is in a variety of periods that are from one week to five years.
tEarly withdrawal will lead to default interest.
tThe deposit rates will follow the market prices, e.g. BBSW,LIBOR.
Currency
AUD, USD, CNY, HKD, NZD, GBP and EUR are available to our valued customers.
Minimum Account Deposit Balance
tFor corporate customers, there is no minimum initial account deposit required.
tFor individuals, the minimum initial account deposit is AUD500,000 or equivalent.
Account Opening Procedure
Please submit the following documents:
tCustomer Application Form
tAccount Opening Application Form
tBoard Resolution
tCompany Structure
tCRS Self-Certification Form
tControlling Person Self-Certification Form
tCertified individual identification copy of beneficial ownersand directors
tCertified individual identification copy for each authorized signatory
tCertificate of Incorporation
*Pursuant to section 761G (7) Corporations Act, all accounts opened under CMB Sydney Branch are subject to Wholesale Customer Test.
* Deposits are not subject to Division 2 of the Banking Act –Protection of Depositors
Settlement Services
Remittance Services
Product Features
Remittance services refers to a settlement method by which CMB Sydney Branch remits a certain amount of money to the designated payee in accordance with the instructions of the remitter.
Remittance Types
tInternal Transfer between Sydney Branch account
tDomestic and overseas telegraphic transfer
tMulti-currencies remittance service
Product Features
tReasonable Cost
China Merchants Bank Sydney Branch has a flexible cost structure that can meet your business needs.
tDiversified Currencies
China Merchants Bank Sydney Branch provides outward payment services in 125 currencies and inward payment services in 40 different currencies
tSafe and Convenient
China Merchants Bank Sydney Branch adopts advanced information technology and remittance systems to ensure safe, convenient and fast remittance services.
Corporate Online Banking Introduction
tConvenient 24-hour access to your banking anytime in one place. Check your balances and transactions, transfer funds and make multi-currency payments, view and download statements with a simple click.
tTailored solutions to suit your business needs and requirements. Flexible user configurations with options to support complex verification and signing authorities.
tSecure online banking with a range of fraud protection and detection measures. Safeguard your account with the latest technologies including non-traceable virtual keyboard, encrypted e-token and real-time monitoring of unusual activities etc.
Please click on the below icon to download the China Merchants Bank Corporate Banking ( International ) Client
