4 ms·
I don't understand this...are they giving you a better interest rate? Aren't they simply operating as a US bank (if they are FDIC insured). You really aren't in
by grok2 16y ago
I don't understand this...are they giving you a better interest rate? Aren't they simply operating as a US bank (if they are FDIC insured). You really aren't investing in the Yuan...
- sorenbs 16y agosee http://www.bocusa.com/portal/Info?id=649&lang=1& http://www.bocusa.com/portal/Info?id=649&lang=1& Can I buy and sell RMB from/to your bank? Yes, you can exchange USD for RMB or exchange RMB for USD at our bank.
- grok2 16y agoThanks for the link. Didn't realise that they are allowing you to buy the Yuan and the account is actually in Yuan (though you deposit in USD -- conversion at the time of deposit).