Do you encounter this experience that your bank account is frozen accidentally?What are the reasons?
1.Frequent large transaction
If you receive or pay a large amount on a frequent basis,the security system of the bank will be activated and you may be required to provide legal and supportive documents to receive this payment.
2.Transaction amount exceed limitation
There are transaction limitations,meaning the payment you make can't exceed the bank's requirement.Therefore,you can not make transaction for such a significant amount.
Limitation standards
Chinese personal bank account: USD5,000/year
Chinese company bank account:Different banks have different standards but it must be enough for your daily transaction.
3. Inactive bank account
If you bank account is not used for a long time,it will be frozen as well.Therefore,you could have some payment with it from time to time.
4.Affected by another party
If another party's account has illegal and irregular activities,your bank account will be affected.
Some foreigners inquired us that which bank account should they open.
For daily spending like paying bills,buying daily life items,a personal bank account could meet your needs.
If you are a businessman and have to receive or pay in a large amount,business account is suitable for your needs.
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