About the product
NRA account service is the settlement service of domestic and foreign currency accounts provided by the Bank for overseas institutions.
Product features
Domestic foreign currency accounts of overseas institutions have the function of offshore account, and can collect and pay foreign exchange and transfer to other domestic foreign currency accounts according to business needs.
RMB accounts of overseas institutions have the same offshore account function as foreign exchange accounts, and can be used for settlement at home and abroad.
NRA account service can save the time of capital in transit and the cost of use of capital.
Application
Overseas institutions with China settlement needs.
Rate
Remittance is charged according to 2‰ of the remittance amount, with a minimum of 50 yuan.
Document business is charged with reference to relevant charging standards.
