ICBC targets GBA elite clients

The world’s biggest bank likes the GBA. Industrial and Commercial Bank of China (Asia) has just launched a “Greater Bay Area Premier Banking Services” in which clients can withdraw RMB with handling fees waived.

ICBC’s “Greater Bay Area Debit Card” allows customers to withdraw RMB in cash through more than 95,000 ICBC ATMs in the mainland, which debits directly from their HKD account. For mainlanders who work in Hong Kong, ICBC’s outward remittance service for payroll allows them to remit their payroll and allowances in RMB from Hong Kong to their mainland accounts in a large amount. High-end customers can also enjoy priority services in the 9 mainland cities and the 2 SARs.

ICBC is also offering handling fee waiver for personal banking customers for outward remittance service through “ICBC Express” in mobile banking till the end of this year.

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