Name
Domestic Remittance
Introduction
Customers' domestic intra-bank or inter-bank funds transfer.
Features
1. Fast delivery to account: customers can choose the real-time remittance and transfer method with which funds can be transferred to the account in real time (without traveling time).
2. Convenient and efficient.
3. Diversified currencies: at present, Bank of China has opened multi-currency remittance businesses which provide various choices for your needs.
Target Customers
Domestic or overseas residents with full capacity for civil conduct.
Process
Customers can remit to any bank account in any areas across the country. Customers only need to tell the remitting bank the payee's account name, passbook number or debit card number and name of the opening bank.
Relevant Regulations
The charging standard should comply with the inter-bank remittance charging regulations stipulated by the People's Bank of China.
Kind Reminder
In foreign currency remittance, the remitter and the payee should be the same person, or the payee should be a direct relative (parents, children and spouse) of the remitter, and relevant certificates of direct relative relationship, such as Hukou book, marriage certificate and notarization should be provided.
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