I. Definition
Primary deposit account is a bank settlement account opened in need of daily money transfer & settlement and collection & payment business.

II. Product Introduction
Primary deposit account is the lead account to handle account transfer settlement and cash collection & payment; and all the daily fund collection & payment, salary, bonus and cash withdrawal in the operating activities may be handled through such an account. Any depositor can open only one basic deposit account at bank. According to the account registration certificate system, it is a precondition for opening other bank settlement accounts to open a primary deposit account.

III. Target Client
1. Corporate legal person
2. Non-corporate legal person
3. Government organs and institutions
4. Armies or armed police at regiment-level or above and dispersed on-duty detachment (unit)
5. Social organizations
6. Private non-business organization
7. Standing bodies in other cities
8. Foreign representations in China
9. Private industrial or commercial unit
10. Urban residents' committee, villagers' committee, and community's committee
11. Auxiliary body keeping separate accounts
12. Other organization

IV. Application Condition
When opening primary deposit accounts, different depositors should present the following documentary evidence to ICBC business office as required:
1. Any corporate legal person should present the original of Business License of legal person.

2. Any non-corporate legal person should present the original of enterprise business license.

3. Any government organs and government-sponsored institution in the budgetary control should present the official document or registration certificate issued by the personnel department or the establishment committee of the government and the certificate proving that the department of finance approves its application for opening an account; and any government-sponsored institution out of the budgetary control should present the official document or registration certificate issued by the personnel department or the establishment committee of the government.

4. Any regiment-level unit or above and dispersed on-duty detachment (unit) of the army or armed police should present the certificate for opening an account issued by the financial department of the army-level unit or above of the army or the financial department of armed police.

5. Any social organizations should present social organization registration certificate, and any religion organization should also present the official document or certificate issued by the administrative department of religion affairs.

6. Any private non-business organization should present the private non-business registration certificate.

7. Any standing body of other cities should present the official document issued by the competent department of the government where it is located.

8. Any foreign representation in China should present the office document or certificate issued by the competent department of the state concerned; any foreign-invested enterprise's representative office or liaison office in China, should present the registration certificate issued by the registration authority of the state.

9. Any private industrial or commercial unit should present the original of private industrial or commercial business license.

10. Any urban residents' committee, villagers' committee, and community's committee should present the official document or certificate issued by its competent department.

11. Any auxiliary body keeping separate accounts should present the basic deposit account opening registration certificate and official document issued by its competent department.

12. Any other organization should present the official document or certificate issued by the competent department of government.

The depositor as a taxpayer engaged in the production and operation activities should also present the tax registration certificate issued by the taxation authority. Those do not have a tax registration according to relevant laws and regulations in China can be free of this requirement.