RMB Products and Services
Unlock the tremendous potential of RMB
RMB Products and Services
Unlock the tremendous potential of RMB
With its strong economic outlook and recent economic policy reforms, China has become one of the most favoured destinations for long-term investments. The internationalisation of RMB will continue to accelerate and generate more growth opportunities and investment choices. Broaden your network and seize the RMB opportunities that await you now.
RMB Corporate Account
- Manage remittances and FX transactions while trading efficiently in RMB
- Accelerate cross-border payments and collections with an RMB account
RMB Remittance
- Extended cut-off time (4:00pm) for cross-border and local remittances in RMB
- SWIFT gpi fund tracking service for inward and outward remittances
More information on RMB Remittance
More information on remittance tracking
RMB Foreign Exchange
- Instant FX
Exchange RMB instantly 24/7 via Instant FX Conversion on our IDEAL online banking platform - Price Alerts
Set price alerts to maximise opportunities on currency movements and mitigate your FX risk - Auto-wallet Enablement
Automatically activate your RMB account within your multi-currency savings account along with funds crediting - Pre-booked FX Contracts
Book your preferred FX rates up to 1 year in advance via DBS FX Online, prior to payment instructions within operating hours
Trading in RMB
- Strengthen ties with your Chinese business partners by settling cross-border transactions quickly
- Broaden your network of suppliers and buyers in China by using their preferred currency (RMB)
- Mitigate exposure to FX risks via the natural hedge provided by RMB inflows and outflows
- Enhance price transparency and negotiations without the need for FX costs
More information on trade services
RMB Securities
- QFII - provides onshore custody and asset servicing to specified licensed international investors in mainland Chinese stock exchanges
- China Connects (Stock & Bond) - offers investors a comprehensive suite of solutions to access mainland Chinese capital markets
RMB Liquidity Management
- Benefit from cash concentration, notional pooling, cross-bank sweeping, regional interest optimisation services and more
Easy to open and simple to manage
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Open your business account in as fast as 3 working days
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Enjoy unparalleled convenience with on-the-go access to all your business banking services via DBS IDEAL, our online banking platform
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Extended remittance time
Boundless RMB transactions
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No restrictions for inward and outward RMB remittances outside mainland China
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No daily limit for cash withdrawals
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Fast RMB cross-border payments and collections
Safe and Reliable
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DBS has been named the Safest Bank in Asia by Global Finance for five consecutive years
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DBS was recently voted Number 1 globally for Best Service in Euromoney’s 2020 Cash Management Survey by over 1,800 respondents from financial institutions around the world
Apply via our DBS Online Account Opening for Business page
Alternatively, please download and complete the application form and submit it at any DBS SME Banking Centre.
For more information on our RMB remittance hours and fees, please see our remittance page.
You may also make an appointment or call DBS BusinessCare at 2290 8068.
