The bank can accept incoming international inward remittance in EUR, USD and CNY.

Procedure

The Customer shall open a current account in the related foreign currency with the bank, and then inform the remitter abroad of the account name, IBAN account number, the English name and SWIFT code of the bank.

Sometimes the amount of the remittance received is less than the original amount of remittance, because an intermediary bank may deduct its fees.

If the bank has nostro/vostro account with the remitting bank, a remittance usually reaches the bank in full amount. However, if a remitting bank does not have account relationship with the bank, a remittance may be transferred to the bank via one or through several intermediary banks. Each intermediary bank may deduct a service charge when handling the transfer. Therefore, the amount of the remittance received may be less than the original amount of remittance.