How Can Mainland Chinese Residents Open a USD Account?

If you’ve ever wondered, “How can Mainland Chinese residents open a USD account?”, the short answer is: by opening an offshore corporate USD account through a bank that supports cross-border companies — such as CBiBank.
The process sounds complicated, but once you understand the steps, it’s surprisingly manageable.

CBiBank, a U.S. commercial bank serving SMEs, supports remote onboarding and works with a wide range of domestic and offshore companies, making it a practical option for businesses handling global payments.

1. What Does Opening a USD Account Really Mean?

For Mainland residents, this usually refers to opening an offshore corporate USD account that allows companies to:

Receive overseas payments

Pay global suppliers

Support international e-commerce and services

Corporate accounts opened through CBiBank enable these cross-border activities with online onboarding and compliance review.

2. Which Companies Can Apply?

CBiBank accepts a broad list of compliant corporate entities, including:

Mainland Chinese companies in trade or services

Offshore companies (Hong Kong, Singapore, BVI, Seychelles, Cayman, etc.)

Cross-border e-commerce companies working with global platforms

⚠️ Reminder:
Banks prioritize clarity. Vague or mismatched business descriptions often slow down the review.

3. What Documents Should Be Prepared?

A clean set of documents speeds up approval. Common materials include:

Business registration documents

Articles of association

Shareholder information

Business proof (contracts, invoices, or activity summary)

Financial or tax materials

Due-diligence forms

⚠️ Tip:
Missing or inconsistent files are a major reason for delays.

CBiBank completes document submission and verification fully online.

4. How to Open an Offshore USD Account Step by Step?

🛠 Typical process:

Confirm the company is eligible

Prepare documents

Submit the online application

Complete remote verification

Wait for compliance review

Activate the account

Official onboarding link:
👉 https://ebank.cbibank.com/activity/adverts1/#/index?channelNum=DL0805

5. Common Issues That Cause Application Failure

⚠️ Avoid these:

Outdated or unclear documents

Unclear business activities

Inconsistent information

Mixing personal and corporate details

Clear and compliant documentation helps ensure smooth approval.

6. What Should Companies Pay Attention to After Opening the Account?

🔍 Practical reminders:

Keep transactions consistent with declared business activities

Keep proof such as contracts and invoices

Separate corporate funds from personal funds ⚠️

Ensure overseas partners are legitimate

These practices help maintain stable long-term use.

FAQ: Quick Answers

1. Can individuals open a USD account?

This article focuses on corporate accounts. CBiBank currently serves businesses, not personal accounts.

2. Are small companies eligible?

Yes. CBiBank works with SMEs and newly established companies if the business model is clear.

3. Do offshore companies have an advantage?

Offshore entities are widely used, but Mainland companies can also apply with proper documentation.

4. How long does the process take?

Once documents are complete, onboarding through CBiBank is typically processed in a relatively short timeframe.

5. What kinds of businesses need this?

Trade, services, e-commerce, and companies handling international invoices.

Conclusion

For Mainland Chinese residents, opening a corporate USD account is entirely feasible. With proper documentation and a structured process, banks such as CBiBank make it straightforward for companies to manage global payments and cross-border operations.