| Both Citi and Boa have the same policy with respect to US and China accounts, which is limited by both Chinese and US banking law. A foreign account-holder can use his or her ATM card to withdraw money without an ATM fee, but cannot otherwise access the accounts--no deposits. I believe the blog recently discussed the restrictions on currency exchange from a China perspective. Generally, there are no US restrictions, only reporting requirements for movements of large currency amounts. |
Foreign Banks in Shanghai