Corporate deposit account is usually divided into 4 kinds: basic account, general account, temporary account and special account.

Basic deposit account
The basic deposit account is a bank settlement account opened by the depositor for the need to handle the daily transfer settlement and cash receipt and payment. One enterprise or public institution could only open one basic deposit account at one bank. The drawing of salary, bonus and so on of depositor could only transact through the basic account.

General Deposit Account
General deposit account is because of the need of borrowing money or other settlement of the depositor to open a bank settlement account at bank business organ outside the opening bank of the basic deposit account. This account could handle transfer settlement and cash deposit, but not allowed to handle cash drawing.

Special Deposit Account
Special deposit account is the depositor according to the laws, administrative laws and regulations and regulations, opened bank settlement account to have special management for its special used fund. Such as: securities trading funds, purchasing funds of grains, cotton, oil and others.

Temporary Deposit Account
The temporary deposit account is an opening settlement account because of the temporary demand and use within the regulated period of the depositor. Such as：to set up a temporary organ, the needed funds for nonlocal temporary operation activities, registering capital verification and so on.

Opening Papers

1. Papers to open basic account
* Business license (legal person certificate of enterprise/public institution or the official documents of the government organizational commission) original copy and duplicate, and 2 copies;
* Original copy and duplicate of code certificate and 2 copies;
* Tax registration certificate (or the prove of no need to handle the tax registration certificate) original copy and 2 copies;
* Identity card of original copy of the legal representative and 2 copies (the front and the back);
* Letter of authorization (stamp the unit official seal, and the signature of the legal representative, write clearly the name of the legal representative, name and number of the identity card, name of authorizer, position, name and number of identity card, limits of authority, valid period of authority);
* Original copy of identity card of the operator and 2 copies (the front and back).

2. Papers of opening general account
* Business license (legal person certificate of enterprise/public institution or the official documents of the government organization commission) original copy and duplicate, and 2 copies;
* Original copy and duplicate of code certificate and 2 copies;
* Tax registration certificate (or the prove of no need to handle the tax registration certificate) original copy and 2 copies;
*Identity card of original copy of the legal representative and 2 copies (the front and the back);
* Original copy of opening basic account permit and 2 copies;
* Application letter of opening general account 1 copy (stamp the unit official seal and signature of the legal person);
* Letter of authorization (stamp the unit official seal and signature of legal representative, write clearly name of the legal representative, and name and number of the identity card, name of authorizer, position, name and number of identity card, limits of authority, valid period of authority);
* Original copy of identity card of the operator and 1 copy (the front and back).

The Opening Procedures of Newly Founded Enterprise
Enterprise is set up?-check the name by industrial and commercial bureau-bank[check name list, identity card of institutional shareholder (self comes)]open capital verification account-deposit capital verification fund-capital verification-handle certificates (industrial and commercial bureau, tax bureau, group)-handle opening basic account procedures at the bank-report to the People’s Bank for approving opening account permit-opening account permit

Papers of Account Cancellation
* Return the account permit, the deposit person password;
* If a tripartite agreement has been signed, the tripartite agreement must be terminated by the tax authority and certificate of termination shall be produced;
* Return all the used checks, official seal, financial seal and corporate seal.

Business processing requirements

Cash deposit
Filling in properly cash payment note, name and account No. of organization, opening bank, sources of funds, payer, amount in words and figures, currency type and date.

Cash withdrawal
The financial seal and corporate seal shall be affixed on the front of the check, a connective seal shall be affixed to the junction of the edges of two sheets of paper, financial seal and corporate seal shall be affixed on the back, and the seals shall not overlap each other. The name and ID card No. of the payee and the day of the withdrawal date shall be filled in the endorsement column. The payee shall bring ID card with him. The date shall be valid within 10 days, with year, month and day in words, the words and figures shall be consistent, financial and corporate seals shall be clear. (Note:  one more seal can be affixed on the check at most)

Intra city transfer
Positive deposit: the cashier’s check is dealt with in our bank. Financial seal and corporate seal shall be affixed on the front of the check, corporate seal shall be affixed to the junction of the edges of two sheets of paper, and the seals shall not overlap each other. This business does not charge fees at the time being.
Reverse deposit: the check drawn on another bank. Financial seal and corporate seal shall be affixed on the front of the check, corporate seal shall be affixed to the junction of the edges of two sheets of paper, and the seals shall not overlap each other. This business does not charge fees at the time being.

High value payment and micro payment by Peoples’ Bank of China
Telegraphic transfer certificate shall be filled for both high value payment and micro payment. The bank’s stub of telegraphic transfer certificate shall be stamped with financial seal and corporate seal with accurate name and number of opening bank. Name, ID card No. And telephone No. Of client shall be filled in the remark column. High value payment is immediate to account and micro payment is to account in packages (not immediate to account).

Charging standard
Telegraphic transfer: 5.5 Yuan for less than 10,000 Yuan (including 10,000 Yuan); 10.5 Yuan for 10,000~100,000 Yuan;
15.5 Yuan for 100,000~500,000 Yuan; 20.5 Yuan for 500,000~1,000,000 Yuan;
0.02% for over one million Yuan, with an upper limit of 200 Yuan.
Cash: Charging 1%.

Payment processing control system
The High Value Payment System operates according to statutory working days. Each working day of the system is divided into the following time periods: day service processing time, clearing window time, day-end/year-end business processing time and operation preparing time. Business handling time: 8:30 - 17:00.
The Micro Payment System operates continuously for 24 hours and 7 days a weak. The daily switching-over procedure is carried out at 16:00 each day, that is, the time period from 16:00 of the previous day to 16:00 on that day is a working day of the Micro Payment System. The principal settlement time of Micro Payment System is the working time of High Value Payment System.
After daily switching-over, the Micro Payment System can still accept small transactions normally. Part of the small transactions are not included in the settlement on that day, and are included automatically into the first offset balance clearance of the next day (which shall be postponed to the first working day after holidays and festivals in case of holidays and festivals ).

Inter bank remittance and transfer 
Telegraphic transfer certificate shall be filled, of which the bank’s stub shall be stamped with financial seal and corporate seal with accurate name and number of opening bank. Name, ID card No. And telephone No. of client shall be filled in the remark column.  The remittance and transfer is immediate to account . This business does not charge fees at the time being.

Telephone bank
The transactor shall bring with him the ID card of legal person, corporate seal and financial seal.