meaning of cross-border remittance: cross-border remittance refers to the business that individual online banking customers make foreign exchange remittance to the payee who opens an account in a bank outside the mainland within the prescribed limit. Cross-border remittance has both telecommunications fees and handling fees, which is time-consuming to operate. As the handling fee for cross-border remittance generally has a maximum amount, it is suggested to increase the amount of a single remittance as much as possible within the maximum amount, so as to reduce the number of remittances and save the telegraph fee for each remittance.
First, it reduces the risk of loss of self-carried cash, and it is relatively safe and convenient to apply for a Foreign Currency Carrying Certificate regardless of the amount. Second, it can be repaid after consumption, and the repayment is convenient. For international credit cards issued by some banks, cash can be directly deposited at all domestic outlets when repayment is made, and repayment can also be made through ATM or online bank transfer. The third is the preferential fee. When using an international credit card, there is no handling fee for parents to deposit money in China and children to spend money abroad. Using a credit card can not only avoid the risk loss of foreign currency exchange, but also avoid paying foreign currency exchange fees. Fourth, after handling the primary and secondary cards, children can spend money abroad with the secondary card. In addition to repaying money with the primary card at home, parents can also monitor their children's consumption abroad. But when using credit cards, we must pay attention to two points: one is to pay the arrears on time, and the other is not to overdraw, so as not to develop the bad habit of being extravagant.
Industrial and Commercial Bank of China:
Counter: handling fee is 1‰, with a minimum of 5rmb, a maximum of 26rmb and a telecommunication fee of 15rmb. Online banking: 2% off the counter handling fee, with a minimum handling fee of 16rmb and a maximum handling fee of 16rmb: 2% off the counter handling fee.
China Merchants Bank:
Counter: the handling fee is 1‰, the minimum is 1rmb, the maximum is 1rmb, and the telecommunication fee is 15rmb. Online banking: the handling fee is 1‰, the minimum is 1rmb, the maximum is 1rmb, and the telecommunication fee is 15rmb. Note: you need to open the professional version of online banking to make foreign exchange and overseas remittance in online banking.