RMB accounts can be divided into RMB basic deposit account, RMB general deposit account, RMB temporary deposit account and RMB special deposit account. Foreign currency accounts are divided into two categories according to the provisions of the State Administration of Foreign Exchange: current account foreign exchange accounts and capital account foreign exchange accounts.
RMB basic account can handle cash receipts and payments and daily transfer settlement. According to the regulations on account management of the People's Bank of China, a unit can only choose one bank to apply for opening a basic deposit account.
RMB general deposit account can handle transfer settlement and cash deposit, but it cannot handle cash withdrawal and payroll service. The company can open the account in a bank outside basic deposit account; Or although it is a non-independent accounting unit, it needs to handle the settlement business separately because it is not in the same place as the competent unit, and it can also apply for opening this account with the consent of the competent unit.
RMB temporary deposit account is suitable for temporary business activities and can be opened.
RMB special deposit account is suitable for special purposes, and this account can be opened.
The foreign exchange account of current account is mainly used for the income and expenditure of current account foreign exchange, and can also be used for the expenditure of capital account approved by the foreign exchange administration department. Detailed foreign exchange accounts include: settlement account, agency account, engineering contractor account, special account for funds of domestic institutions, deposit account, etc.
The foreign exchange account of capital account is mainly a special account for various loans, direct investment and securities investment under capital account, which can be used for current account expenditure or capital account expenditure. Detailed accounts include: capital account, foreign exchange loan account of domestic financial institutions, foreign debt account, debt service account, stock account, etc.