Product Overview

"Xin Hui Da" is a cross-border remittance service provided by the Bank of China Johannesburg Branch for Chinese nationals working overseas. This cross boarder remittance service allows customers to transfer their incomes back to China. The cross –border remittance currencies include, but are not limited to RMB and other foreign currencies, allowing Bank of China Johannesburg to meet the diverse cross-border settlement needs and requirements for individual receiving their salaries overseas.

Features

Advanced Cross-Border Payment System with Multiple Currency Options

Customers paid their salaries and bonuses can transfer these payments to their local domestic accounts held in the customer’s name. The entire remittance process is smooth and provides an excellent customer experience. Remittances done within the group network of the Bank of China also provides convenient remittance services, by enabling quick and easy transfers.

Global Branch Network, Comprehensive Services for Chinese Enterprises

The Bank of China Johannesburg branch, also provides a comprehensive payroll service package for companies, which service includes the handling of payroll agency services for Chinese-funded companies located on the African Continent. In addition, the Bank of China Johannesburg Brach also provides a full range of other services such as, the opening of accounts, handling customer deposits, foreign exchanges services and cross-border remittances for expatriate personnel.

Bank of China Johannesburg Branch Account Opening Requirements:

Chinese companies can apply to open accounts at the Bank of China Johannesburg branch, subject to terms, conditions and product requirements.

- For more information on the product and services, please contact the Bank of China Johannesburg

- The Bank of China Johannesburg branch is an authorized Financial Service Provider (FSP5444) and Credit Provider (NCR CP5992). Please obtain qualified advice from an authorised financial adviser or credit adviser before making financial decisions.

Contact number: +27（0）115209636