Which type of bank account is best for everyday transactions in Shanghai?

The most suitable bank account for day-to-day transactions varies depending on the specific requirements of the person or company. Checking accounts are typically used for daily transactions, providing services such as writing checks, using a debit card, and paying bills online, while savings accounts are preferable for saving money and accumulating interest over time. Banks in Shanghai offer businesses competitive fees, which helps create a budget-friendly setting for managing financial activities.