Bank of China (Canada)

A Bank of China (Canada) location in Toronto's Chinatown

Bank of China (Canada) Limited is part of the Bank of China and the operating arm of its Canadian operations. The BOC was founded in 1912 and is one of many banks operating in China. It is not to be mistaken as China's central bank, People's Bank of China. BOC operates in the Asia Pacific region, as well as Europe and North America.

Operations

BOC does not have a headquarter in Canada, but is part of the American operations (BOC USA) out of New York.

New headquarters location is selected in Markham.

Services

• Personal and commercial banking accounts
• Chinese Yuan (RMB) deposit accounts with flexible term (passbook savings) and fixed term deposits
• Remittances
• Loans
• Mortgages
• Foreign Exchange
• Funds Transfer
• China Visa Application (Currently acting as agent, however plans for a China Visa Application Center is being made and it is anticipated that the Consulate General of PRC in Toronto will entrust all future China Visa applications to Bank of China Canada's Visa Application Center)

BOC Canada has 9 locations, two of which are in testing phase and expect to officially open in the near future:

• Markham, Ontario (First Markham Place)
• Scarborough, Ontario (Midland Avenue, north of Finch Avenue East)
• Toronto, Ontario (Chinatown)
• Toronto, Ontario (Exchange Tower) (not involved in retail business)
• North York, Ontario (Peanut Plaza)
• Vancouver, British Columbia
• Richmond, British Columbia
• Calgary, Alberta -- currently in testing phase
• Mississauga, Ontario [1170 Burnhamthorpe Rd west unit 33, Near Golden Square Mall] -- currently in testing phase and have planned opening on Dec. 7th 2011.

Membership

BOC Canada is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:

• Interac

External links

• Bank of China
• BOC Canada
• BOC USA