Depositing money in Bank account at a different bank?

[Shadowdh]

Hi there, I am just about to deposit some money to pay for train tickets and I am not sure I can make it to the local branch of the companies bank, I did do a search but my search-fu is weak perhaps as I couldnt find any info on how to deposit money at one bank that is menat to go into another banks account, eg the account I need to deposit money into is at Shanghai pudong development bank and the nearest bank is either ICBC or BOC... can I do this? anyone know of any fees? Thanks for any help offered.

[cdn_in_bj]

What you need to do is an inter-bank transfer/remittance. See the following:

http://www.icbc.com.cn/e_icbcmodule/thirdindex.jsp?column=Personal%2BBanking%3EConvenient%2BBanking%3EInter-bank%2BRemittance

BOC should also offer a similar service.

Note that the transfer will take some time to settle (should only be a few days at most), so plan accordingly.

Also, if you don't already have an ICBC or a BOC account, you will probably need to open one first.

[roddy]

It may be worth asking if they have alternative bank accounts you can use - a lot of companies have accounts at all the major banks for just this reason.

If time is tight then I'd probably opt to taxi back and forth to the actual branch rather than spend time getting an inter-bank transfer done.

[Shadowdh]

Yeah I thought that might be the case... alrighty then I guess its a trip to the nearest local branch then... cheers all...

[roddy]

Take your passport!!!!!

Also, if it's across provinces there may still be a delay - you might want to check that.

[Shadowdh]

Will do, I generally never leave home without it when going to the bank... it seems they always need it for something... cheers for the info.

[flameproof]

From my experience you can go to any bank and do a cash transfer/deposit to any other bank in China. But better check with the staff before you take the waiting number.

If you have often that problem, open an account with ICBC, they have English online banking.

[Shadowdh]

Thanks for all the help... I went down to the local branch here in Wuhan and as it turns out its really just down the road... went in grabbed a ticket and within 5 or 6 minutes was out again... job done, I was really impressed at how quick and easy it was... it helped that the place was nearly empty...

Flameproof, ah now that I didnt think to try, I do have an ICBC account set up by the uni in which the deposit my monthly stipend. Might look into that for the future. Cheers