It is a sort of settlement operation to remit the remitter’s money in certain way to the payee through its agency bank according to the remitter’s petition.
Category: telegraphic transfer (T/T) and mail transfer (M/T).

Features:
T/T: applicable for worldwide or country-wide remittance, with reasonable charges, fast speed, and higher safety.
M/T: only applicable for city-wide money transfer in China, free of post and telecom charges.

Our business advantages:
Fast speed: With advanced SWIFT network, we can transfer money in USD, JPY, HKD AND EUR successfully within 24 hours.

Cost saving: overseas account banks are all core banks of liquidation center of different currencies, which can effectively straighten the remittance route, shortening the on-the-way time, and reducing the liquidation costs.

Safe and reliable: Remittance messages are sent and received in international standard format (SWIFT) to make your funds safe and reliable.

Inflow of remittance: Customer provides correct remittance route for the remitter. Our bank will, after receiving money remitted from foreign countries or from other Chinese cities, transfer the money to the designated payee according to the remitting-out bank’s instruction and by observing relevant provisions forex administration.

    Traveler’s Check is a kind of fixed-amount check issued by the traveler’s check company. It has no designated payment place and bank, usually with no limit of date, and can be used throughout the world. We offer commission sale and cashing service of foreign-currency traveler’s check.
Features:
Traveler’s Check is convenient and safe, and easy to carry. If it is lost or stolen carelessly, you can report the loss to the issuing institution or the agency bank to get compensation; it is easy and fast to cash a traveler’s check, usable throughout the world, with no limit of date, can be cashed at any time at the agency bank, hotel, airport, or railway station, and can be assigned to a third person; exchange rate for a traveler’s check is preferential. When it is cashed, the spot exchange rate is used.

We sell and cash traveler’s check in USD, JPY, EUR, GBP and AUD.

We sell and cash traveler’s check of the above-mentioned currencies issued by AMERICAN EXPRESS in USD, JPY, EUR, GBP and AUD.

Overseas institutions, institutions to China, and domestic individuals, overseas individuals can buy foreign-currency traveler’s check.

118 of our banking outlets offer this service now.

Clean Collection means collection service of non-trade foreign-currency bills （including foreign-currency drafts, cashier’s check, check and traveler’s check that cannot be cashed directly）with no commercial bills.

Features:
We accept bills such as: foreign-currency drafts, cashier’s check, check, and traveler’s check that cannot be cashed directly;
We do not accept bills such as: bills with face value above USD1,000,000 equivalent, or transferred bills;
We accept bills in such currencies: USD, EUR, HKD, JPY, GBP, AUD, CAD and CHF. Of which, cash service is offered for GBP and AUD;

Period of collection: around 30-60 days usually;

Points for attention: The clean collection service has certain risks. Bills may be returned due to counterfeited bills, false bills, account closed, insufficient account balance, and other reasons. Even payment is made, a one-year recourse period is permitted for the payer; in the event of any risk caused by counterfeited endorsement or false endorsement, a three-year recourse period is permitted for the payer.

I. Introduction to “Xinxi over-value” personal foreign currency settlement and sale
Personal forex settlement means domestic individuals and overseas individuals sell foreign currency to the Bank, and the Bank pays them Renminbi at the listed RMB-foreign-currency exchange rate.
Personal forex sale means domestic individuals buy foreign currency from the Bank with Renminbi, and the Bank pays them foreign currency at the listed RMB-foreign-currency exchange rate. The purchase of foreign exchange for outbound travel (including the travel to Hong and Kong Macao), going on pilgrimage, visiting relatives, overseas hospitalization, self-funded overseas study, overseas study, commercial investigation, overseas training, employment, the payment of membership dues of overseas organization, overseas mail-order, settling down abroad, relieving the overseas lineal relative, international exchange and provision of labor service abroad can be conducted with our bank.
“Xinxi over-value” personal foreign currency settlement and sale is a product designed by the Bank specially for our clients in line with national forex administration policy. Clients may enjoy preferential exchange rates, rapid service and well-selected matching products.

II. Categories of foreign currency
USD, JPY, EUR, HKD, GBP, AUD, CAD and CHF. Of which, cash service is offered for GBP and AUD.

III. Service Object
Domestic individuals, and overseas individuals (including those from Hong Kong, Macao and Taiwan).

IV. Executing Formalities
By virtue of ID card or other valid identity certificate, domestic individuals (not limited to local permanent registered resident) may execute foreign currency settlement and sale operations within the annual total amount (USD50,000 equivalent per person per year).
By virtue of foreign passport or other valid identity certificate, overseas individuals may execute foreign currency settlement operation within the annual total amount (USD50,000 equivalent per person per year).

V. Matching Products
Whenever you buy foreign currency, you can draw foreign cash or buy traveler’s check not more than USD10000 equivalent (or equal to USD10000) at the same day. You can remit the foreign currency purchased to a foreign country through the Bank, or deposit them on your foreign currency deposit account or bank card opened with the Bank, or hold a draft.
Bank, you can deposit them on your savings deposit account or bank card opened with the Bank, or buy Renminbi financing products from the Bank.

VI. Converting Back Easily
Overseas individuals may convert their Renminbi not used back to foreign-currency cash at our outlet. If daily accumulated amount is not more than USD500 equivalent (or equal to USD500), you can hold your valid identity certificate to convert them directly; if the amount exceeds the above figure, you can convert them by virtue of your own valid identity certificate and the original exchange memo（The re-conversion of original exchange memo shall be effective within 24 months as of day of initial conversion）.

VII. Friendly Hints
If the domestic and overseas individual foreign currency settlement and domestic individual foreign currency purchase exceed the annual total amount (USD50000 equivalent per person per year), you may handle current items by virtue of your own valid identity certificate and relevant evidence with transaction amount, and handle capital items in line with forex administration provisions.
118 of our banking outlets offer this service now.