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How to Deposit Money in Chinese Banks

Ikky Ma March 31, 2025
How to Deposit Money in Chinese Banks

Depositing money into a Chinese bank is an essential process for both expats and locals.

Whether you’re new to China or simply unfamiliar with the banking system, this guide will walk you through the steps, requirements, and tips for a seamless experience.

From in-person deposits to mobile banking, we’ve got you covered.

Understanding the Banking System in China

China’s banking system is robust, with a mix of domestic and international banks.

Here are some of the most common banks you’ll encounter:

Bank NameTypeSpecial Features
Industrial and Commercial Bank of China (ICBC)DomesticLargest bank in the world by total assets. Widely available across China.
China Construction Bank (CCB)DomesticKnown for its extensive ATM network and user-friendly mobile banking app.
Bank of China (BOC)DomesticOffers services tailored to expats, including foreign currency accounts.
Agricultural Bank of China (ABC)DomesticPopular in rural areas and smaller cities.
HSBCInternationalCaters to expats with English-speaking staff in major cities.
CitibankInternationalOffers global banking services and easy international fund transfers.

For more information on Chinese banks, visit Shanghai Banking Association.

Preparing to Deposit Money

Before heading to the bank, ensure you have the following:

Required ItemsDetails
Valid IDFor foreigners, this is usually your passport with a valid visa or residence permit.
Bank Account DetailsYour bank account number or card is essential for the transaction.
Cash or CheckEnsure the amount is ready for deposit.
Translator App or AssistanceUse apps like Google Translate or Pleco if you’re not fluent in Mandarin.

Step-by-Step Guide to Depositing Money in a Chinese Bank

1. Visit the Bank

Locate the nearest branch of your bank.

Larger branches in cities like Shanghai or Beijing often have English-speaking staff.

Use Baidu Maps or Google Maps to find the nearest branch.

2. Take a Queue Number

Upon entering the bank, use the electronic kiosk or service desk to select the option for cash deposits. Take a queue number and wait for your turn.

3. Fill Out the Deposit Slip

Most banks require a deposit slip for teller transactions.

Here’s what you’ll need to fill out:

  • Your account number
  • The amount to be deposited
  • Your name and contact details (if requested)

4. Hand Over the Deposit Slip and Cash

When your number is called, approach the teller.

Present your ID, deposit slip, and the cash or check.

The teller will process the transaction, verify the amount, and update your account.

5. Collect Your Receipt

Once the deposit is complete, the teller will provide a receipt.

Double-check the amount and account details before leaving.

Alternative Methods of Depositing Money

ATM Deposits

Most banks in China have ATMs that accept cash deposits.

Here’s how to use them:

  1. Insert your bank card and enter your PIN.
  2. Select “Deposit” and follow the on-screen instructions.
  3. Insert the cash into the machine and confirm the transaction.
  4. Collect your receipt.
ProsCons
Convenient and available 24/7Limited to cash deposits only.
No need to wait in lineMachines may not accept damaged bills.

Mobile Banking

Mobile banking apps like WeChat Pay, Alipay, and bank-specific apps allow you to deposit funds via online transfers.

Here’s how:

  1. Link your bank account to the app (requires a Chinese phone number).
  2. Use the app to transfer funds from another account or deposit via QR code.

For detailed instructions, visit WeChat Pay Setup Guide or Alipay Help Center.


Common Challenges and Solutions

ChallengeSolution
Language BarrierUse translation apps like Google Translate or Pleco. Visit expat-friendly branches.
Understanding FeesAsk the bank staff about fees for deposits, especially for international transfers.
ATM MalfunctionsContact the bank immediately if the ATM doesn’t return your card or cash.

Tips for a Hassle-Free Experience

  • Avoid peak hours: Banks are busiest during lunch breaks and weekends.
  • Prepare small denominations: Larger bills may require additional verification.
  • Keep your receipt: It serves as proof of deposit and can resolve discrepancies.
  • Check regional differences: Banking practices may vary in rural areas compared to major cities.

Security Tips for Depositing Money

  • Use ATMs located inside bank branches to avoid scams.
  • Shield your PIN when entering it at ATMs or teller counters.
  • Avoid sharing your bank account details with strangers.
  • Regularly monitor your account for unauthorized transactions.

Why Choose a Chinese Bank?

Chinese banks offer reliability, accessibility, and integration with the country’s digital payment ecosystem. By depositing money efficiently, you can enjoy services like mobile payments, utility bill payments, and more.

For more on the benefits of Chinese banks, check out China Banking News.

Conclusion

Depositing money in Chinese banks may seem daunting at first, but with this guide, you’re well-equipped to navigate the process.

Whether you choose to deposit via a teller, ATM, or mobile banking, preparation and understanding the system are key.

By mastering these steps, you’ll simplify your banking experience and enhance your integration into Chinese society.

About the Author

Ikky Ma

Administrator

This page features all articles and posts by Ikky, the owner of the blog named ikkyinchina.com

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