The most commonly used method is wire transfer, which is basically a wire transfer. Basically all banks have this type of overseas remittance business. Just go to your usual bank. Of course Bank of China can do that too. All you need is the name of the payee, the payee's address, the payee's account number, the name and address of the bank where the account is opened, and the SWIFT CODE.

Credit card is not a repayment business, but the name of the credit card.

Extended information:

Wire transfer was first established in 1872 by Western Union. The original wire transfer used the telegraph network for information transmission. The payer needed to pay the money to the local telegraph office, and the staff transmitted the encrypted information to the telegraph office where the payee was located through telegram, so that the payee could withdraw cash. Because the transmission was via telegraph, it was also called telegraphic transfer, a name that is still used today.

Wire transfer, as the name suggests, is an electronic payment method. In the transaction, there is no physical cash flow. The remitter pays the remittance amount and payee information to the institution. After receiving the transaction information, the payee institution directly deposits it into the payee's bank account or notifies the payee to withdraw cash. Wire transfer is mainly suitable for large-amount domestic remittances and overseas remittances, and is highly time-sensitive. Wire transfers can be initiated by banks or non-bank institutions such as Western Union, Xoom, Transferwise, MoneyGram, OFX, etc.

Basic knowledge of wire transfer

Routing number

Routing number, also known as AB Number, US Swift Number, consists of 9 digits (8 digits + 1 bit check code). Routing numbers are only used in the United States. They are proposed by the American Bankers Association and supervised by the Federal Reserve. They are used to identify different financial institutions. If you need to wire transfer within the United States to the recipient's bank, you need to provide the routing number information of the recipient's bank.

SWIFT

The full name of SWIFT is Society for Worldwide Internbank Financial Telecommunications. It is a network for financial institutions to transmit transaction information. It replaced the previously mentioned telegraph information transmission network and is widely used internationally. transfer. SWIFT assigns an identification code to each financial institution, called a Business Identifier Code (BIC), which generally consists of 8 or 11 digits. For example, Chase's SWIFT BIC is CHASUS33, and the SWIFT BIC of Industrial and Commercial Bank of China Beijing Branch is ICBKCNBJBJM. The specific meaning of SWIFT BIC is as follows:

The first four digits are the prefix of the financial institution (CHAS stands for Chase, ICBK stands for Industrial and Commercial Bank of China, Industrial and Commercial Bank of China)

The following two digits The first two digits are the country code (US stands for the United States, and CN stands for China)

The next two digits are the suffix of the financial institution, which generally represents the location/city, but there are exceptions.

The last three digits are optional codes used to identify different branches of the same financial institution.