The Bank of China business bank account can be opened in several different currencies and, providing you have a good credit rating, you can also get access to a business credit card.
The downside is that you’ll need to have a branch nearby to open your account. Let’s take a closer look.
Compare Bank of China’s business accounts
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
What types of business accounts are on offer?
Bank of China offers one business bank account. Its key features are as follows:
- Available in several currencies, including sterling, Chinese yuan renminbi, Hong Kong dollars, euros, US dollars and more.
- Dedicated relationship manager to look after your business account.
- No cash withdrawal fee.
- Business credit card available.
- Cheque book.
- Internet and mobile banking.
How to apply
UK limited companies and overseas companies can apply for a Bank of China business account. If you’re interested in applying, you will need to contact a branch of the bank to find out which documents you need to provide as part of your application.
You’ll then need to take these documents into a branch where a member of the team will guide you through the application process. You’ll be contacted when your account is open and given details on how to run it.
Bank of China has branches in London, Birmingham, Manchester and Glasgow.
Pros and cons of a Bank of China business account
- Account is available in several currencies.
- Ability to bank online or via the mobile app.
- Option to take out a business credit card.
- Dedicated account support from customer relationship manager.
- Accounts can only be opened in-branch.
- Bank of China has few branches across the UK.
- Fees for account registration and foreign transactions.
Choosing a Bank of China business account will generally only be an option if you have a branch near you as applications need to be completed in-branch.
However, if you have a branch close by and you’re interested in opening a business account that is available in different currencies and has a relationship manager, Bank of China may be worth considering.
Visit Bank of China’s website to open an account. However, if you have read this review and decided that Bank of China’s account is not for you, you can also compare other business bank accounts on the market.
Frequently asked questions
More guides on Finder
How to get free stocks and shares in the UK
Find out which platforms are offering free stocks and shares for new customers in the UK.
Binaryx offers an intuitive interface for investors to trade a range of crypto and fiat assets.
Review: Kriptomat cryptocurrency exchange
Discover the features available on the EU-focused Kriptomat cryptocurrency exchange, how to get started and what cryptocurrency investor the exchange is best suited for.
Read our review of VertoFX to see the exchange rates, fees and what your business can expect when you send a transfer.
Scottish Friendly review
Scottish Friendly is a mutual organisation in the UK that offers ISAs and investment bonds. Read our review to find out what we think of Scottish Friendly and how much it costs.
Sugi assessed your existing investments to find out how ethical they are. We’ve reviewed its features, fees and pros and cons.
Compare international money transfers for your business
Find the most convenient and cost effective way to transfer your businesses money internationally. Compare money services to get the best exchange rates and low fees.
Best Portfolio Trackers of 2021
Crypto portfolio trackers are a must to stay on top of your crypto investments. Here’s our list of the standout trackers to consider with pros and cons for each.
Best business bank accounts for 2021
Want to avoid fees or integrate with your bookkeeping software? Here’s our pick of the top business current accounts.