ICBC Singapore Branch ("Singapore Branch"), established in 1993, is the earliest overseas subsidiary of ICBC. Over more than a decade of effort, Singapore Branch leverages the geographical advantage and commercial environment of Singapore as the international financial and trade center to expand its business horizon and product offering. Asset scale of the Branch is growing at an impressive pace and the management standard improves significantly.
(I) Personal Current Account Open a personal current account in Singapore Branch and you can send remittance in Singapore dollar, US dollar or other currencies, simple, fast.
(II) Remittance Services 1. RMB remittance settled in advance Remittance sent from Singapore Branch in Singapore dollar or other currencies are received by the beneficiary in China in RMB. Singapore Branch 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 so there is no need to worry about the change in exchange rate. 2. FX remittance in original currency Fast services available for you to send or receive remittance in different currencies.
(III) "Butler Service for Studying Abroad" "Butler Service for Studying Abroad" is a range of financial services offered by Singapore Branch for Chinese students coming to Singapore for study and their parents. Details include: opening account in Singapore Branch via domestic branches, signing regular payment agreement and fax instruction agreement, currency exchange and outward remittance. When the student arrives in Singapore, Singapore Branch will manage the account and pay cash in fixed amount regularly to the student according to the instruction of his/her parent for daily expense.
(IV) Personal FX Fixed Deposit You can open multi-currency fixed deposit account in Singapore Branch and the deposit period can be one week to twelve months, in USD, Euro or Australian dollar, low initial deposit amount, flexible deposit period and good deposit rate.
(V) Currency Exchange Singapore Branch offers currency exchange services (cash) in US dollar, RMB, HK dollar, Euro, Sterling pound, Australian dollar, Japanese yen, Malaysian ringgit and Thai baht.
(VI) Personal FX Trading Singapore Branch offers services for individual to buy/sell FX in all major currencies. Just open a personal account in Singapore Branch and you can come to Singapore Branch to place orders via fax. Singapore Branch will execute the trade according to your instruction at the exchange rate quoted on the day.
(VII) Industrial & Commercial Bank of China Limited, Singapore Branch Add: 6 Raffles Quay #01-01 Singapore 048580 Hotline: (0065) 63695588 FAX: (0065) 63278017 Service hours: Monday to Friday: 9:30 (AM) - 4:00 (PM)
The above is for reference only. Details refer to the rules drawn up by local ICBC branch. To save your time, please call your local ICBC before applying for the service.