Shanghai Banking Guide
How to open a bank account and manage money as a foreigner
Key banking terms
Ranked by foreigner-friendliness based on English support, app usability, and branch staff experience with foreign passports.
China Merchants Bank招商银行
Most foreigner-friendly bank in China. English app interface, staff trained on foreign passport accounts, easy WeChat/Alipay binding. Many branches in expat areas. Recommended first choice.
Bank of China中国银行
Traditionally the go-to for foreigners and international transactions. Good at remittance. Some branches have English-speaking staff. Larger network for currency exchange.
ICBC工商银行
China's largest bank. Widest ATM/branch network. Less English support but reliable once set up. Good for salary accounts if employer requires it.
CCB建设银行
Solid alternative with good mobile app. Some branches experienced with foreigners, especially near business districts. Good for construction/real estate related banking.