Shenzhen, China

Where should I setup a bank account in China?

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We asked expats in China what banks they use and there advice about banking. They advised...

"With its rich culture and friendly locals, China can be an attractive destination for retires from around the world. However, it is important to be aware of the cultural and administrative aspects of living in China. Expats should take the time to familiarize themselves with the language, particularly for day-to-day tasks like opening a bank account or finding the best place to buy groceries. Understanding local laws and regulations is also important. Lastly, it is important to research healthcare options, as private healthcare in China can be expensive and the public healthcare system may not cover certain treatments," explained one expat living in China.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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"No, we use the Boeing Credit Union but still have an account with Bank of America. My husband has his paycheck deposited in our savings account at Boeing. We can check on our accounts and transfer and such by online banking with Boeing. We have an ATM card for Boeing that we are able to use at SELECTED ATM'S in Tianjin and Beijing. Not all bank cards can be used at the ATM'S located in China," said another expat in Tianjin, China.

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Where should I setup a bank account in China?

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About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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