Ratings
Bank of China has established a quick and highly effective global service network that provides a diverse range of financial products, building on decades of experience and knowledge in the local market's financial sector. The only Chinese bank currently operating in Australia with a licence to conduct business with retail and wholesale customers is the Bank of China, which provides a wide range of financial products.
Bank Type
Public Bank
Founded
1912
Headquarters
--
Industry
Financial services
Formerly/Predecessor
Agricultural Cooperative Bank(P)
Subsidiaries
Bank of China (Hong Kong)
Need Home Loan Assistance?
+61
Pros
Home Loan for Self-Employed.Signup Fees.Customer Support.
Cons
Strict Age Restrictions.High Property Value for First Home Buyers.Strict lending policies.The most globally oriented commercial bank in China is Bank of China. Chinese banks opened their first foreign branch, the BOC London Branch, in 1929. It currently has over 600 international operations in addition to over 10,000 local activities. The Bank of China started printing notes in Hong Kong and Macao in 1994 and 1995, respectively.
The Board of Directors approved the Bank's newly developed strategic development strategy in March 2009. Strategic Positioning: To become a sizable, international banking organisation with a primary focus on commercial banking, built on a diverse and integrated cross-border business platform. Be a leading worldwide bank that provides growth and excellence as one of its strategic goals.
A full variety of premium financial services is offered by the Bank of China, including BOC Hong Kong, BOC International, BOCG Insurance, and other financial institutions, to both individual and business clients as well as financial institutions around the world.
Given below are some significant features and benefits of Bank of China Australia’s product and services:
Benefit of Global Networks: Nearly 600 foreign branches of Bank of China have been opened in 61 nations and regions, comprising 24 countries along the Belt and Road.
Advantage of Foreign Trade Services: For years, the Bank of China has had the highest volumes of international settlement and cross-border RMB settlement in China. As the primary channel and service provider for China's import trade settlement, Bank of China also supports the settlement of nearly one-third of the country's export and import business.
Exhibition Service Experience: As the official banker for the 2008 Beijing Olympic Games, the Paralympic Games, the 2022 Beijing Winter Olympic Games, and the Winter Paralympic Games, as well as the financial service provider for significant expos like the Canton Fair and Shanghai Fair, Bank of China has extensive experience in organising and managing major events.
On-site Service: The National Exhibition and Convention Center (Shanghai) now houses a fully operational branch of the Bank of China that is almost 3000 square metres in size. Additionally, it has the most capabilities nearby and is the biggest and most complete bank store.
International Specialists: Along with English, the Bank of China hires workers in around 30 different small language groups. In addition, a large number of Bank of China professionals are core members of ICC, FCI, and SWIFT. They are skilled and have long been involved in the creation of global business regulations.
The Bank of China offers a wide array of products and services. Some of the most popular ones are as follows:
You can open different types of accounts with Bank of China. They are as follows:
Customers can keep their money secure with Bank of China savings account.
As the name suggests, such accounts are created for a certain period. Applicants can make money on the deposits they have made. Term deposit accounts provide applicants with flexible tenure and competitive interest rates.
With a demand deposit account, you get immediate access to your money whenever you need it. With a Unionpay debit card, you may effortlessly use Australian dollars across Australia and anyplace else Unionpay is accepted. Additionally, you may use a passbook to store your foreign currency in Chinese Yuan (CNY), Hong Kong Dollars (HKD), and US Dollars (USD).
A cheque account is created specifically to provide account holders with additional alternatives to utilise their money. It offers the account holders an opportunity to shop either with an ATM card or a chequebook.
It is a kind of online saving account created for customers who wish to manage their wealth online and earn a higher rate of interest on the same. There are no account-keeping fees. Plus, you receive higher interest rates for account balance over $3000.
The bank offers a wide range of high-quality banking services to overseas students with no minimum balance requirement and $0 account fees. You get a free Unionpay debit card.
While different branches of the bank have different opening hours, given below are some common Bank of China Australia bank hours:
Monday to Thursday: 9:30 AM - 4:30 PM
Fridays: 9:30 AM - 5:00 PM
Saturday to Sunday: Closed
For any queries related to the Bank of China products and services, you can reach out to Bank of China Australia customer service at the following hotlines:
General Information (Domain)
Phone: 8871 5888
For personal banking and accounts, press 4 and for general enquiries, press 5.
Credit Card
Within Australia: 1800 026 228 (Free Call)
From Overseas: +61 2 8871 5995 (Direct Line)
Email: [email protected]
Debit Card
Within Australia: 1800 095 566 (Free Call)
Free Call: 1800 095 566 (Within Australia)
From Overseas: +61 3 9670 6200 (Direct Line)
Email: [email protected]
Trade Finance Services
Phone: +61 2 8871 5609 and +61 2 8871 5820
Fax: +61 2 8871 5496
Corporate Banking Services
Phone: +61 2 8871 5612/8871 5921
Fax: +61 2 8871 5497
Email: [email protected]
Clearing Services
Phone: +61 28871 5957/5953/5862
Email: [email protected]
Home Loan Products
Phone: +61 2 9212 7288/ +61 3 9606 3005
Fax: +61 2 9211 9488//+61 3 9602 4827
Email: [email protected]
Personal Banking Services
Within Australia: 1800 095 566 (Free Call)
Free Call: 1800 095 566 (Within Australia)
From Overseas: +61 3 9670 6200 (Direct Line)
Email: [email protected]
Personal Internet Services
Within Australia: 1800 095 566 (Free Call)
Free Call: 1800 095 566 (Within Australia)
Email: [email protected]
The bank offers a plethora of lucrative products and services to customers so that they can meet their financial needs.
Bank of China Australia Limited is completely owned by the Bank of China.
You can contact on the numbers above-mentioned.
The maximum amount of money you can withdraw daily from a Bank of China account is AUD 1,000.
The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.
Low interest rates
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Australian based support team
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