Dear SICAS student, in your daily life and studies in China, a bank card is crucial. It will simplify various tasks such as paying tuition, managing expenses, and making online purchases, having a Chinese bank card will greatly simplify your experience and make life more convenient.Today, we’re offering a comprehensive guide on how to apply for and use a Chinese bank card, ensuring you’re well-prepared for a smooth and enjoyable stay while studying in China.
1.Choosing a Bank
Before applying for a bank card, the first step is selecting the right bank. Almost all banks in China offer services to international students. When choosing a bank, you can focus on the following two points:
(1) Quality of ServiceChina has six major state-owned commercial banks: Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China.
In addition, there are twelve joint-stock commercial banks, including China CITIC Bank, China Everbright Bank, China Merchants Bank, Shanghai Pudong Development Bank, China Minsheng Bank, Hua Xia Bank, Ping An Bank, Industrial Bank, China Guangfa Bank, China Bohai Bank, China Zheshang Bank and EverGrowing Bank Co., Limited
Beyond these, there are also numerous city commercial banks and private banks, each with unique advantages and features.
(2) LocationWhen choosing a bank, location is an important factor to consider. For international students living on campus, it's recommended to prioritize banks that have branches either on campus or close by. This will save you a lot of time and transportation costs when opening an account, depositing, withdrawing money, or seeking assistance, allowing you to enjoy more convenient banking services.
For international students living off-campus, it’s advisable to select a bank branch that is close to your residence or frequent activity areas, so that it's easy to visit when you need to handle banking tasks.
When considering location, also pay attention to the bank's operating hours. The hours may vary between branches of the same bank. Choosing a branch with hours that better align with your personal schedule can further enhance your banking experience.
*Note
the difference between bank branches and 24-hour self-service banks. Bank branches provide in-person services where staff interact directly with customers. These branches usually operate from 9 a.m. to 5 p.m. on weekdays, with some offering weekend hours.
In contrast, 24-hour self-service banks offer ATMs and other automated services like deposit/withdrawal machines. You can handle transactions such as transfers, bill payments, and password changes without needing to interact with staff, and these services are available around the clock.
2.Preparation of Application Materials
When applying for a bank card, you need to prepare the following materials:
Valid Personal Identification:
A valid passport.Proof of Study: Documents such as a study visa.
Contact Information: A Chinese mobile number is required for receiving SMS verification from the bank.
Proof of Residence: A rental contract or other documents showing your address in China.
Cash: Some banks may require an initial deposit to activate the bank card. You can deposit this money using cash or a bank transfer.
Tips: For information on how to apply for a Chinese mobile number, refer to previous posts: Guide for New Students | Applying for and Using a Sim Card
3.Bank Card Application Process
(1) Check Branch InformationYou can find the address, phone number, and operating hours of nearby branches by visiting the bank’s official website or using their mobile app. Since the application process may vary between different banks, it’s a good idea to call ahead and inquire about the required materials, important details, and the application procedure to avoid making a wasted trip.
(2) Go to the BankBring your passport and other relevant documents to the bank. Before proceeding, you need to take a number from the self-service machine and wait for your number to be called at the counter. If you're unsure how to use the machine, ask a bank staff member for assistance.
(3) Submit MaterialsFollow the bank staff's instructions to carefully read the account opening guidelines or instructions. Fill out the account application form and other required documents accurately. Ensure that your name (case, spaces, etc., do not use abbreviations or shortcuts), passport number, and other details exactly match those in your passport to avoid issues later. Before signing any documents, make sure you understand all the terms and conditions of the account.*Note: Banks usually charge fees for card issuance and annual maintenance. The issuance fee is collected once when the card is opened, while the annual fee is charged each year on the anniversary of the account opening.
(4) Activating Mobile/Telephone/Online/Self-Service Banking Functions
When applying for a bank card, you can simultaneously choose to activate various banking services such as "Mobile Banking," "Online Banking," "Telephone Banking," and "Self-Service Banking." This allows you to complete more transactions through different channels, such as recharging, paying bills, and transferring money.
(5) Verification and Account OpeningAfter submitting all your materials, the bank staff will verify your identity, your intent to open the account, and the purpose of the card. They will also provide information on how to protect yourself from telecom fraud.Once the bank has approved your application, you will receive a bank card and an account opening receipt. Please keep these safe. If your bank card is lost, report it to the bank immediately.
(6) Download the Bank AppUnder the guidance of bank staff, download the App to your mobile phone. After registering with your real name and logging in, link your bank card to the app. This allows you to check your account balance, transaction history, and other information at any time.Note: To use the bank’s app services, you need to have "Mobile Banking" activated.
(7) Transfer/Deposit FundsDeposit or transfer the prepared cash into your new bank card. You can start using it for online payments on the same day.
4. Important Notice
Card Security: Keep your bank card and password secure. Do not share your password with others.Fees: Be aware of any annual fees, SMS notification service fees, and other related charges to avoid unnecessary expenses.Timely Activation: Some bank cards need to be activated within a specific time frame to be used. Pay attention to any notifications from the bank.Cross-Border Transfers: If you need to receive international transfers, familiarize yourself with the bank’s cross-border transfer policies and fee standards in advance.
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