Generally speaking, general bank accounts are divided into two categories. The first category is domestic banks, which need to open foreign exchange functions and put on record according to the requirements of relevant units. The second category is to choose overseas banks to open offshore account.
At present, most foreign trade enterprises choose offshore account, which sets up the second type of overseas banks. The main reason is that many overseas regions have relatively loose foreign exchange financial policies and great advantages in collecting money, such as convenient foreign exchange collection and payment, free foreign exchange control and free allocation of funds.
Among the collection platforms of many overseas banks, Hong Kong banks have a higher threshold for opening accounts, such as Standard Chartered and Huamei, all of which have certain initial deposit limits or require to purchase a certain amount of wealth management products.
Our CBiBank Fugang Bank is a licensed commercial bank in the United States. Provide professional, fast and convenient international banking services for traditional trading, cross-border electronic commerce and overseas investment and financing customers. Customer identity security, transaction security, system and data security, KYC and anti-money laundering, four security service mechanisms ensure the safety of each user's funds.