Home » Articles » Banking

China Bank's Policy on Foreign Currency

Here's a policy of one of the major banks in the Philippines China Bank regarding foreign currency.
As stated on China Bank's General Terms and Conditions on Deposit Products:

"Foreign currency notes, checks/drafts, and appropriate telegraphic transfers shall be accepted as deposits for foreign currency accounts, investments, or placements, subject to conditions and requisites as may be imposed by the Bank, its correspondent banks, and other regulatory bodies. Coins denominated in foreign currencies shall not be accepted for deposit. Notes and checks/drafts shall be subject to a minimum holding/float period."

Take note that China Bank doesn't accept coins which are not in Philippine peso currency or coins denominated in foreign currencies (such as US dollar coins, Chinese coins, Hong Kong coins, Taiwan coins, British coins, etc.).

Share This Post

If you like this article, we would really appreciate if you share this on Facebook, Twitter, or on any social media channels. Every share makes a huge difference and helps us write more articles like these. Thank You!

"China Bank's Policy on Foreign Currency" was written by under the Banking category. It has been read 828 times and generated 0 comments. The article was created on and updated on 10 June 2013.
Warning! When posting comments, strictly observe correct spelling. Avoid incomplete words such as TY (as Thank You), Pls as Please, gud as good, dpt as dapat, etc. You can comment in English or Tagalog. If you will not follow this simple instruction, your comment(s) will not be accepted or published.
Enter captcha*:
Total comments : 0