ICBC set up Representative Office in London, 1995. In 2003, ICBC (London) PLC ("ICBC London") was established. Since then, ICBC London achieved impressive growth in retail banking business and corporate banking business. Chinatown Branch, the first retail branch of ICBC London, opened for business in October 2009, turning a new page for ICBC London to expand its retail banking business.
☆ Personal Current/Fixed Deposit Account Depending on your need, you can open flexible account (current account) or fixed deposit account, in pound sterling, Euro dollar, US dollar or renminbi. Term of fixed deposit varies from one month, three months, six months to one year. Minimum amount of the fixed deposit account is GBP 1,000 or equivalent.
☆ Debit Card ICBC London is the first bank to issue China UnionPay debit card in UK, which is accepted in UK, China and more than 100 other countries/territories around the world.
☆ Internet Banking ICBC London offers a full spectrum of fast and convenient financial services via Internet Banking. Now you can manage your money anytime, anywhere.
☆ Remittance Services 1. Pre-settled RMB remittance Remittance sent from ICBC London in pound sterling or other currencies are received by the beneficiary in China in RMB. ICBC London converts the foreign currency into RMB at the rate quoted on the remittance day. You know the exchange rate for RMB and receiving amount when sending the remittance, no more worry about the change in exchange rate. 2. International remittance in original currency Fast and reliable services available for you to send or receive international remittances in different currencies. 3. ICBC cross-border remittance If you are sending fund to another ICBC account in any other country, it can take fewer steps, and amount credited into your payee can be faster.
☆ Account Opening Witness Service ICBC London and ICBC branches in China jointly launch a service of opening account in ICBC London for those who go to the United Kingdom for study, emigration, investment, business, employment and travel. Through the service, you can open a personal account in ICBC London before leaving China, so that you can send money to the account first, to avoid carrying cash or traveler’s cheques. Soon after you arrive in the United Kingdom, you can start to use your debit card and Internet Banking service.
☆ Currency Exchange ICBC London offers currency exchange services (cash) for US dollar, Euro, pound sterling and renminbi.
☆ Other Services 1. Insurance Acting as the agent, ICBC London offers travel and property insurance products from China Taiping Insurance (UK) Company Limited. 2. Ruyi Silver ICBC London sells "Ruyi Silver" products from ICBC China. 3. Commemorative coins from The Royal Mint ICBC London sells commemorative coins from The Royal Mint, which is one of the best choices for individual collectors.