• [Wednesday] 19th Nov,2014
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There are numerous branches of Chinese domestic banks in almost every district of Shanghai. Major names include : Bank of China, ICBC, China Merchants' Bank, and China Construction Bank, all of which allow foreigners to open either yuan or US dollar accounts . These domestic banks all offer debit cards, internet banking and currency exchange services, although the latter may not always be possible at some of  the smaller branches. The Bank of China is internationally recognized and  will generally accept the transfer of money to and from your home country. For credit card services and easy access to funds back home, it is best to hold an international bank account. rather confusingly, opening times vary from bank to bank and from branch to branch, but in general they are open from 9.30-16.30 Monday to Friday with an hour's lunch break from 12.30-13.30, and from 9.30-12.30 on Saturdays. Note that some ICBC branches also close on Wednesdays.