Postal Savings Bank of China leverages the postal network for the largest branch count in the country, waives many small-account fees and is the main bank in counties and townships. Account opening is in person at self-operated outlets.
Apply in person at a PSBC self-operated outlet (postal agency offices cannot open full-function accounts). Foreign applicants: see the notes below.
PSBC has the most outlets in China, but make sure it is a "PSBC self-operated outlet" — postal agency offices cannot open full-function bank accounts. Foreigners can open an account at a self-operated outlet with a passport + valid Chinese visa or residence permit plus a mainland real-name mobile number; prefer urban self-operated outlets.
These are stable, standing account benefits (not time-limited) — available as long as you qualify:
Conditionally. Foreigners holding a valid Chinese visa or residence permit can open an account at self-operated outlets; tourist visas are usually declined, and fully remote opening from abroad is not possible.
No minimum deposit; many small-account management-fee waivers.
Residents: mainland ID card + real-name mobile number. Foreigners: passport + valid visa or residence permit + mainland real-name mobile number.
In person at a self-operated outlet, about 30 minutes with the card issued on the spot.
Incomplete or non-compliant documents; inability to explain the account purpose or source of funds; going to a postal agency office instead (cannot open full-function accounts).
Standing benefits: No Monthly Fee, No Min Deposit. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).
Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.