Common sense of bank deposit certificate necessary for immigration overseas

1. What is a bank deposit certificate? A bank deposit certificate is a document issued by a bank to prove that there is a specified amount of deposit in your bank account, in both Chinese and English. The handling of certificates of deposit is very simple. Just go to the bank counter with your ID card and current/fixed passbook (deposit slip or bank card is also acceptable). All major state-owned banks and commercial banks can have certificates of deposit, and so can foreign banks. Be careful not to deposit in postal savings, rural credit cooperatives and city commercial banks. Many banks need a fixed account to issue certificates of deposit. Please consult the staff in the bank lobby before processing, because you may need to fill in the form, and the number you get may not be ordinary personal RMB business (for example, it may be the wealth management fund number), so you will know when you ask. Generally, a certain handling fee is required to open a certificate of deposit.

2. Why should I provide proof of deposit?

A certificate of deposit is a proof of the disposable funds of the immigrant applicant (a proof that the funds can be transferred at any time without corruption and freely convertible currency), and it has a historical access record. Freezing for a period of time is to better prove that the money is not borrowed. For skilled immigrants, it doesn't need much money, and it doesn't matter if there is no deposit history.

3. How much should I deposit in the certificate of deposit?

The more certificates of deposit, the better (strong adaptability). The certificates of deposit can be under one or more accounts in the name of the main applicant, or under the names of the main applicant and the deputy applicant, that is, there can be multiple certificates of deposit. The principal application shall not be less than RMB 80,000, and for a family of three, it shall not be less than RMB1.2000.

4. When does the deposit start?

If possible, please deposit in advance, or a fixed period of three months is also acceptable, but when submitting documents, be sure that the deposit certificate is still within the validity period. Federal skilled immigrants need it when submitting applications. The time deposit certificate has a historical record, which proves that your funds are in good condition.

Immigration applicants can prepare deposits in a planned way (with access records) before submitting their applications, and then issue bank deposit certificates when necessary. The purpose of preparing deposits in advance is to have deposit records, so that people don't feel that it is a one-time deposit to deal with immigrants.

5. How to deposit the certificate of deposit? How long will it last?

It is recommended that the deposit period be arbitrary (for example, 3 months, 6 months or 1 year).

Freeze period: freeze for 3 months when issuing the deposit certificate, or specify a longer freeze period (not required). Deposits cannot be withdrawn during the freezing period, and the freezing period is not directly related to the deposit period.

About current certificates of deposit and others: some customers can save money for financial management from time to time, and they can also open current certificates of deposit; You can also open a current deposit certificate and freeze it for 2-3 months, so that the deposit date reflected by the deposit certificate is longer. Of course, it is recommended to have some time deposit certificates. Others, such as stocks, fund delivery notes and real estate, can be used as supplements, but they are not necessary. If there is enough deposit, they don't need to provide it.

The most convenient way is to take your certificate and passbook to the counter of the bank branch to ask in person.

Special circumstances: if the applicant only has proof of funds, stock delivery notes, wealth management products, real estate licenses and other financial proof materials. , can also be provided as an auxiliary material for bank deposit certificates, or instead of bank deposit certificates.