Bank of China Statement Savings Account

Bank of China Statement Savings Account Review

Bank of China Statement Savings Account is offered by Bank of China, a bank founded in 1912 and based in New York, NY. Bank of China Statement Savings Account is available in 3 states across the USA.

Key Takeaways

• Low interest rate. The maximum annual percentage yield for this account is only 0.15%.
• $0 monthly account fees available. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $500.
• No ATM fees. Bank of China Statement Savings Account does not charge fees on ATM transactions.
• ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).

Bank of China Statement Savings Account Pros & Cons

Bank of China Statement Savings Account FAQ

Are savings accounts from Bank of China federally insured?

Yes, your Bank of China savings accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

Does Bank of China offer a signup bonus?

Bank of China Statement Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Bank of China Statement Savings Account?

What APY does Bank of China Statement Savings Account offer?

Bank of China Statement Savings Account offers a variable APY starting at 0.05% and ranging up to 0.15% (APY stands for annual percentage yield, rates may change).

What fees does Bank of China Statement Savings Account charge?

Bank of China Statement Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fees if you have a minimum daily balance of $500.

• Outgoing domestic bank transfers come with a $35 fee.
• Outgoing international bank transfers come with a $35 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Bank of China Statement Savings Account charges a $30 fee for an early account closure. Contact Bank of China Statement Savings Account for more details on what is considered an early closure.
• Bank of China Statement Savings Account charges $7 every time you request a paper statement.

What features and perks does Bank of China Statement Savings Account offer?

This savings account includes the following features:

• ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
• Mobile Banking Services - Bank of China Statement Savings Account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Bank of China Statement Savings Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Bank of China Statement Savings Account?

The customer support email for Bank of China Statement Savings Account is contactus@bocusa.com.