All branches in China Bank can handle global remittance services, including T/T and D/D services in multiple currencies.
The main difference between telegraphic transfer and money order is that telegraphic transfer is faster, but the charge is higher than money order. If your remittance amount is large or you are in a hurry to use money, you can use telegraphic transfer. When the remittance amount is small, when you leave the country for a short period of time or when you are not in a hurry to use money, you can use bill remittance; Sometimes, foreign recipients may require specific remittance methods, such as applying for foreign schools and paying various registration fees, and often require the use of money orders.
processing flow
1. Wire transfer
To process wire transfer, you need to fill in the wire transfer application form, which must be filled in English. Before handling the business, you need to accurately provide the following remittance information:
1. Remittance currency and amount;
2. Name and address of payee;
3. The payee's account number in the bank where the account is opened;
4. the name, SWIFT code or address of the payee's bank.
in order to ensure that the payee receives the money in time, please provide accurate remittance information, at the same time, leave your contact information and keep your remittance receipt so that you can be contacted in time when there is any problem with remittance.
II. Bill Remittance
To handle the bill remittance, you need to fill in a bill application form in English (it can be filled in Chinese for remittance to Hong Kong, Macao and Taiwan), and you need to provide the following information accurately:
1. Remittance currency and amount;
2. Name and address of payee.
after completing the bill remittance procedures, we will give you the draft, which you can mail or take out of the country by yourself.
Friendly reminder: When you handle the draft, please ask the bank manager whether the payer of the draft is the bank where the payee is located. When you remit US dollars outside the United States, the paying bank may be new york Branch of China Bank, and the payee can only receive the remittance after collecting through the local bank.
3. Inquiry
If the payee does not receive your remittance in time, you can go to the original remittance counter with your ID card, remittance receipt and charge slip, and we will inquire for you as soon as possible.
IV. Remittance refund
After completing the remittance procedures, if you change your plan, you can ask for remittance refund. If the remittance is a wire transfer, you can return the remittance with your ID card, remittance receipt and charge sheet before it is credited to the payee's account. If it has been deposited in the payee's account, it is necessary to obtain the payee's consent before returning the foreign exchange. If the remittance is a money order, you can go through the remittance refund formalities with your ID card, original draft, remittance receipt and charge sheet.
V. Report the loss of the draft
If the draft is lost, you should bring your ID card and remittance receipt in time and submit a written application for reporting the loss to the original issuing bank. According to your request, we will handle the formalities of reporting the loss and stopping payment for you.
note: handling fees and telecommunications fees are charged according to the service price charging standard published by the bank for handling inquiries, returning foreign exchange and reporting the loss of bills of exchange.
VI. remittance charging standard
If you remit money in foreign currency cash, you need to pay the corresponding remittance difference fee.
note: in case of adjustment, please refer to the latest announcement.
Relevant regulations
Provisions of the State Administration of Foreign Exchange on Remittance to Domestic Residents
Individual residents can handle remittance business for overseas foreign exchange payment and investment, including:
1. Current account foreign exchange expenditure: foreign exchange used by individual residents for traveling abroad, visiting relatives, meeting relatives, making pilgrimage, studying abroad, seeking medical treatment, participating in international academic activities, being employed for teaching, etc. Pay the membership fees of international academic organizations; Mail order a small amount of medicines and medical devices from abroad; Use of foreign exchange under special circumstances such as illness, death and disaster of immediate family members abroad; Foreign exchange remitted by foreigners who have lived in China for more than one year and compatriots from Hong Kong, Macao and Taiwan for their own use brought in from abroad or purchased in China; Other foreign exchange expenditures on current account.
2. Remittance from the cash account for current account expenses
Study abroad at one's own expense or for primary and secondary school students: Fill in a written application, and handle with my household registration certificate and ID card a valid entry visa passport for countries and regions, or a pass to and from Hong Kong and Macao, a formal admission notice from a school outside the country (territory), and the original and photocopy of the fee notice issued by a school outside the country (territory).
overseas medical treatment: fill in a written application, and with my household registration certificate and ID card, I have completed my passport for a valid entry visa to countries and regions, or my passport to Hong Kong and Macao or my passport to and from Hong Kong and Macao, the certificate of the local district (city) level hospital, the doctor's opinion, and the original and photocopy of the acceptance certificate and charge notice of the overseas hospital.
payment of membership fees for international academic organizations: fill in a written application, and handle it with my household registration certificate and ID card, and the original and photocopy of the certification documents of international academic organizations.
mail order a small amount of drugs, medical instruments and other special foreign exchange from overseas: fill in a written application, and handle it with my household registration certificate and ID card, and the certificate of the local district (city) level hospital with the original and photocopy of the doctor's prescription.
In case of serious illness, death, unexpected disasters and other special circumstances, the immediate family members abroad should use foreign exchange: fill in a written application, and handle it with their household registration certificate and ID card, valid certificates from overseas notary offices, or original and photocopy certificates from Chinese embassies and consulates abroad.
3. The remittance amount shall not exceed the standard indicated in the relevant supporting documents provided.
Remittance of foreign exchange by domestic individuals abroad for current account expenses shall be handled according to the following provisions:
If the accumulated equivalent of foreign exchange in the foreign exchange savings account is less than 5, US dollars (inclusive) on the day of remittance abroad, it shall be handled at the bank with my valid identity certificate; If it exceeds the above amount, it shall be handled with the authenticity certificate of the transaction amount under the current account.
If the accumulated value of foreign currency cash on the remittance day is less than 1, US dollars (inclusive), it shall be handled at the bank with my valid identity certificate; If the amount exceeds the above amount, it shall be handled by the authenticity certificate of the transaction amount under the current account, the Declaration Form for Luggage and Articles of Entry Passengers of the People's Republic of China and China Customs signed by the customs, or the foreign currency cash withdrawal document of my original deposit bank.
The remittance of foreign exchange in the current account of overseas individuals shall be handled in the bank according to the following provisions:
The remittance of foreign exchange in the foreign exchange savings account shall be handled with my valid identity certificate.
if you remit foreign currency cash with your hand, and the accumulated equivalent value on that day is less than $1, (inclusive), it shall be handled with your valid identity certificate; If it exceeds the above amount, it shall also provide the Declaration Form for Luggage and Articles of Entry Passengers of the People's Republic of China and China Customs signed and sealed by the Customs or the foreign currency cash withdrawal document of my original deposit bank for handling.