Demand Deposit Accounts (DDA) & Sweep Accounts (Sweep)
Bank of China U.S.A.’s New York branch offers USD and RMB vostro account services to all eligible Financial Institutions.
Flexible and convenient
Non-interest bearing Demand Deposit Accounts (DDA), provide a flexible and convenient way to maintain and access funds on demand
Enhance your yield return
Fully automated Sweep Accounts, sweep idle balances to invest overnight, helping you to enhance the yield return for your deposit. Funds are swept back from the investment to the Demand Deposit Account (DDA).
Accounts can be denominated in USD, CNY, and CNH.
24-hour inquiry service
New York Branch provides customers with access to a 24-hour online inquiry service free of charge, through the Clearing Payment inquiry system. Any customer who has an account with New York Branch may make an inquiry about clearing transactions through the Clearing Payment inquiry system, anywhere in the world.
Eligible Financial Institutions
Financial Institutions that hold accounts with BOC U.S.A’s New York branch