Service Name

Transfer and remittance

Service Description

Transfer and remittance refer to the entrustment, authorization, and modification of transfer and remittance transactions of the corporate account under the corporate operator according to his/her authority to operate the account and the function.

Functions

1.Entrustment: An operator of corporate online banking can operate entrusted transfer and remittance of the corporate account within his/her authority to other accounts through BOC online banking. When making a single entrustment, the payee and the relevant transfer and remittance information are required.

2.Business modification: For business to be modified due to operation error, authorization failure and other types of reasons, corporate customers can modify the corresponding business to reduce repeated inputs.

3.Business authorization: The operator of corporate online banking can authorize the transaction through BOC online banking. If the authorization is approved, the transaction will be formally issued; if the authorization is rejected, the transaction can be modified and re-submitted or withdrawn in the “Modification”.

4.Business withdrawn: Corporate customers can withdraw the business with error or to be withdrawn.

Scope of Application

All corporate online banking customers of BOC (Canada).

Opening Conditions

All corporate online banking customers of BOC (Canada) are eligible.

Service Time

BOC (Canada) corporate online banking provides you with services of 7*24 hours. However, transactions involving exchange rates are only available during the business hours of BOC (Canada). 

Warm Tips

1.When you maintain payee information, please check it carefully to avoid failure in timely receipt by the payee or any loss to your funds;

2.Please determine the authorization mode based on the enterprise management when applying for enabling corporate online banking.