If the conditions for prescheduled remittance are met – such as foreign exchange rates or scheduled dates for remittance – the designated amount of funds will be automatically withdrawn from your designated account and transferred to overseas account. Thus, there is no need for you to visit our branch to make international transfer.
Individuals (except sole proprietors)
√ Transaction Type
-Payment that does not require you to submit a certificate of payment
-Remittance of domestic incomes of foreign workers
-Remittance to overseas students or resident
|Designated FX rates
|Between the trading hours from 09:30~15:30 on business days, your funds will be automatically withdrawn and remitted when the first T/T selling rates that is preferential to the designated FX rates is applied to the funds in your account.
||The deposits made before 9:30 will be automatically withdrawn and remitted at the T/T selling rates of 9:30, and the deposits made between 9:30 and 15:30 will go through the same process at the T/T selling rates of 15:30. (FYI, the deposits made after 15:30 will be remitted at the T/T selling rates of 9:30 on the next business day)
||On the scheduled date or period, your funds will be automatically withdrawn and remitted at the T/T selling rates of 9:30 on the scheduled date. (FYI, the deposits made after 9:30 will be automatically remitted on the next scheduled date)
|Once per day. Only on business days.
||CNY Direct Remittance. Once per day. Only on business days.
||Closing time of automatic withdrawal: 9:30. Only on business days.
USD or CNY (beneficiary side)
√ Transfer Limit
||Transfer Limit per transaction
||Transfer Limit per year
|Payment that does not require you to submit a certificate of payment
||USD100 and the equivalent ~ USD20,000 and the equivalent
||Up to USD50,000
|Remittance of domestic incomes of foreign workers
||Up to USD50,000 (or more by submitting the salary slip)
|Remittance to overseas students or residents
√ Effective Date
You can designate a date between the date of request for the remittance of domestic incomes of foreign workers and the end of the next year. For other transfer types, you can designate a date between the date of request for remittance and the end of the same year.
√ Fees & Charges
Counter/teller fees will be charged.
* This information was provided in Jun 2015, and thus, the actual business process will conform to the relevant regulations at the time of actual business.
* Please refer to the Terms & Conditions and Product Information for details.