Bank Verification

Once you’ve successfully passed identity (KYC) verification, you must verify a bank account that supports offshore RMB (CNH) to use fiat on/off ramp services such as deposits, transfers, and withdrawals.

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🔐 What You Can Do After Bank Verification

• ✅ Deposit CNH to receive CNHO stablecoins
• ✅ Transfer and withdraw funds
• ⚠️ Redemption (Convert CNHO to fiat) requires a separate Initialization step (covered in the next guide)

You may register multiple bank accounts, but only one can be set as your default withdrawal account.

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✅ Requirements for Bank Account

To be eligible, your bank account must:

• Be owned by you, matching the full legal name from your KYC
• Be able to send and receive CNH (offshore RMB) via wire transfer
• Be issued by an offshore financial institution (e.g., Hong Kong, Singapore, BVI)
• Not be a Mainland China domestic CNY account

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📝 How to Add and Verify a Bank Account

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Step 1: Log in and Access Bank Verification Page

• Go to: https://beta.cnho.io/login
• After login, navigate to My Bank → Add New Bank

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Step 2: Fill in Bank Account Details

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Step 3: Upload Latest Bank Statement

• Must be issued within the last 3 months
• Must include:
  • Your full name (matching KYC)
  • Bank name
  • Account number
  • Account address
  • Some transaction history or balance

❗️File formats: PDF, JPG, PNG
❗️Screenshots from apps are not accepted unless official statement is visible

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Step 4: Submit for Review

• Double-check all entered details and uploaded documents
• Click “Submit for Review”
• A confirmation email will be sent to you

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⏳ Review & Approval

• Review time: 1–3 business days
• Once approved, you will be able to:
  • ✅ Deposit CNH
  • ✅ Withdraw CNHO
  • ✅ Transfer funds
  • ❌ Redemption not available until Initialization is completed

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⚠️ Important Reminders

• ✅ You may add multiple bank accounts
• 🔁 You may change your default account at any time
• ❌ Redemption of CNHO requires a separate Initialization step (next guide)
• ❌ Mainland China CNY accounts are not supported
• ❌ U.S. tax residents are not supported