a) RMB Basic Deposit Account
This account is used for receipts of revenue and payments of expenditure. Petty cash can also be withdrawn from this account. According to the central bank’s rules, only one basic account is allowed to open for each company.
b) RMB Ordinary Bank Account
This account is can be used for bank transfer as well as cash deposit, but cash withdrawal and salary payment are not allowed. Enterprises can apply for this account after opening their basic deposit account.
c) RMB Temporary Bank Account
This kind of bank account is available for temporary business activities.
d) RMB Bank Account for Special Purposes
This kind of bank account is available for special purposes, such as for a special projects etc.
