About the product
Remittance business refers to a settlement method in which the remitting bank remits foreign currency funds to the account of the payee designated by the remitter via wire transfer at the request of the remitter. Remittance can be divided into outward remittance and inward remittance according to the flow of funds.
The Bank can handle foreign exchange remittance in nine currencies: US dollar, Hong Kong dollar, British pound, Euro, Japanese yen, Australian dollar, Russian ruble, Korean won and Canadian dollar.
Product features
Our correspondent bank network is spread all over the world, which ensures that the payee can receive the payment promptly and accurately. The advanced SWIFT system, which is safe and fast, ensures the prompt receipt and payment of funds. The Bank has joined SWIFT GPI to realize fast, transparent and real-time tracking of cross-border payment.
Application
The service targets of remittance business are domestic and foreign individuals, domestic enterprises and institutions, state organs, social organizations, military units, etc., and overseas institutions that have opened settlement accounts in China.
Rate
Inward remittance: The Bank does not charge the solution pay.
Outward remittance from non-NRA account: 1‰ of remittance amount, minimum 50 yuan and maximum 1000 yuan, plus post and telecommunications fees.
Outward remittance from NRA account: 2‰ of remittance amount, minimum 50 yuan, plus post and telecommunications fees (please refer to NRA account settlement business for more information)
