Bank account management services is an extended value-added service based on our accounting services and tax services. In order to protect the security of the customer's bank account, we could provide bank management services for our customers with their authorization.
We have professional accountant team with strict procedure for this service.
Our bank management services:
1. Consulting service on bank accounts.
2. Bank accounts opening
3. E-banking application and management service
4. Bank declaration service for capital contribution
5. Bank declaration service for foreign income
6. Cross-border payment
7. Cheque payments
8. Employees’ reimbursement
When you received your company business license and company chops, it’s the time to open your company bank accounts.
Below bank accounts are important for your business operation:
1. RMB Basic Account (Compulsory):
All the companies need open a RMB Basic Account compulsorily. It’s the most important bank account with multi-functions, you can use it for receiving or paying different fees for company operation purpose. When you have your bank account permit, please do remember to share the copy with your accountant for tax registration purpose at tax bureau.
How to legally use this account is the most important thing as well, because tax inspection is always starting with this basic account.
2. Capital Account(optional):
The only function of the capital account is to receive registered capital from shareholder’s overseas account in specified foreign currency. It’s the only legal way for capital contribution of a company.
If you don’t have plan to contribute capital to China, you don’t need to open this capital account at beginning but flexibly to open it when you finally need it.
3. Foreign Currency Settlement Accounts (optional):
You can decide to open different foreign currency accounts depend on your demands for business operation purpose. It will be helpful to avoid exchange loss if you have income from outside of China.
4. RMB General Account(optional):
You can have the other RMB settlement account at other bank but cannot be same bank with RMB basic account. The special situation is that you can put cash in this account but cannot withdraw cash from this account.
5. Other bank accounts:
You can open other bank accounts depends on your company actual demands; details refer to bank’s requirements.
1. Please note that company bank accounts are different to your private accounts, you must use it according to China rules and regulations, otherwise you may face trouble at bank and tax bureau.
2. Just open the bank accounts based on your actual demands, it’s not a good way if open too many bank accounts at beginning.
3. Banks have rights to change their rules and requirements, you may follow the requirements of your bank branch.