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Personal Remittance

  • Updated
We offer fast and cheap personal remittance services for clients who need to transfer CNY to mainland China.
 
Note: This service is designed to be a secure and convenient way for sending CNY to individuals in mainland China. The maximum amount a person can remit is 3,000 USD/transaction and the foreign currency remitted to Mainland China can only be settled into CNY within the limit of US$50,000 equivalent per person (receiver) per year (including all financial institutions).
 
  1. Click Services on the navigation bar
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  1. You can select the source currency you want to send; we currently support sending the USD only.
  1. After you fill out the amount in either box, the selected rate will be displayed below for you to look over as well as the total fee being charged. Please note that the total amount you send includes the total fee which means the receiving amount will only be the total amount sent minus total fees.
 
  1. Fill out basic details for recipient and payment purpose and click on Next.
    1. Payer name: If you have registered as an individual, the payer name will automatically appear as your KYC name. If you have registered as a business, the payer name will automatically appear as your authorized user name or a drop-down option will be provided if you have several UBOs.
    2. Recipient name: Fill out the receiver's name. Chinese spelling letters (PIN YIN) are used if Chinese names are submitted.
    3. Recipient bank account: Receiver's account number
    4. Payment purpose: Select payment purpose from a drop-down option.
    5. Message: Recipient will see this as a reference.
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  1. Confirm the remittance detail and click on Submit
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  1. Enter the verification code you received and complete the remittance
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