Renminbi Account Services

  • renmimbi accountrenmimbi account

    Manage your RMB cash flow efficiently

    Skip the queue and book an appointment with us online.

    Apply now
  • business accountbusiness account

    Take the wait out of opening your business account

    Skip the queue and book an appointment with us online.

    Apply now

Benefits

To your trade partner

To your trade partner

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  • No initial deposit required
  • No minimum balance to maintain
  • Ability to get more China-related business when trade settlements are made in RMB
  • Manage your RMB foreign exchange (FX) risk in a single account

Click here for rates

  • Reduces the ancillary cost of FX conversion and related hedging instrument
  • Provides a natural hedge for both imports and exports settled in RMB

Services

  • To facilitate trade transactions between you and the eligible trade partner
  • Issue Letter of Credit (Settlement will only be carried out after receipt of compliant documents)
  • Advise Letter of Credit
  • Negotiate Letters of Credit
  • Transferable Letters of Credit
  • Export Documentary Collections
  • Import Documentary Collections
  • Banker's Guarantee
  • FX rates for settlement of trade transactions
  • Send and receive trade related payments (MT103) in RMB
  • FX rates for settlement of trade transactions
  • Competitive buying and selling rates for RMB (value spot)
  • No forwards

Why choose UOB

Banking convenience

Extensive Branch Network

Over 50 branches and 1200 ATMs island-wide

Dedicated Business Banking Hotline (12 Hours)

Dedicated Business Banking Hotline (12 Hours)

6259 8188

8am - 8pm, Mon - Sat, excl. Public Holidays

Best SME Bank in Singapore and Asia Pacific 2019

Best SME Bank in Singapore and Asia Pacific 2019

The Asian Banker

The International Excellence in Retail Financial Services Awards

How to Apply

Apply now

Apply now

Schedule an appointment with any of our UOB branches or Relationship Managers to open the account.

Click here

Visit a UOB Branch