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Transfers and Remittances
Remittance Agent for Money Transfer Companies
Bank of China acts as an agent for international money transfer companies to provide small-amount, fast, and personal international remittance service. Western Union and MoneyGram are now BOC’s international money transfer partners.
Domestic RMB Transfers and Remittances
Domestic RMB transfer and remittance refers to a settlement service in which individual customers instruct a domestic Bank of China branch to transfer a specified amount of RMB to a designated payee in the Chinese mainland.
Domestic Foreign Currency Remittances
Bank of China's domestic foreign currency remittance service refers to fund transfers in foreign currencies made by individual customers to intra-bank or inter-bank accounts in the Chinese mainland.
Cross-border Outward Remittance
Bank of China’s cross-border outward remittance service enables clients to initiate remittances to overseas banking institutions, supporting multiple major international currencies such as the RMB, US dollars, and euros.
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