There is no annual fee.

Debit cards have no annual fee, but credit cards do.

Bank of China debit card annual fee: Ordinary debit cards used to charge 10 yuan per year. Now the annual fee can be canceled. Bring your ID card and bank card to the counter for cancellation. Annual fees for VIP debit cards are waived, as are annual fees or small account management fees for wages, pensions, subsistence allowances, medical insurance, unemployment insurance, and housing provident fund accounts, as well as annual fees for debit cards such as military security cards.

Credit card annual fee: Gold card annual fee is 80 yuan, regular card is 40 yuan, swiping the card 5 times a year is exempt from the annual fee for the next year; platinum card is 800 yuan, annual fee is redeemed with 100,000 points, the number of card swipes is not supported Deduct annual fee.

Extended information:

Now there is no annual fee for bank cards, but you need to apply in person.

The "Commercial Bank Service Price Management Measures" has been implemented on August 1, 2014. At present, in every bank, cardholders who apply with their ID cards can be exempted from the annual fee and management fee (including small account management fee) of an account (excluding credit cards).

On August 1, 2014, the "New Regulations on Commercial Bank Service Charges" (hereinafter referred to as the "New Regulations") issued by the National Development and Reform Commission and the China Banking Regulatory Commission began to be officially implemented. The "New Regulations" require: "For bank customer accounts (excluding credit cards) that do not enjoy exemption from account management fees (including small account management fees) and annual fees, commercial banks should provide them with a fee-free account based on the customer's application. Account management fees (including small account management fees) and annual fees for accounts (excluding credit cards and VIP accounts) "This means that every citizen can enjoy a free account at every commercial bank. To obtain free services for the above items, if you do not apply in advance, the bank will not automatically provide free services. Currently, most customers have multiple accounts with the same bank. Among them, the customer needs to decide which account to apply for free annual fees and management fees, and the bank cannot make the decision without authorization. Therefore, the free application must be initiated by the customer, and the bank cannot automatically take effect.

Reference: Bank of China official website - Announcement on waiving account management fees and annual fees