RMB Cross-border Remittance
Features & Benefits
- Direct RMB remittance between Canada and China
- Available at multiple locations across China (Please see important notice below).
- USD$50,000 personal annual exchange settlement limit or equivalent.
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Important Notice
- This service is currently available in Guangdong, Zhejiang YiWu region.
Inward Remittance
- Payee must open an account with the Bank Group in order to receive RMB remittance from outside China.
- Remittance will be credited into payee account automatically if the account information matched the application form.
Outward Remittance
- There will be a $3,000 monthly remittance limit for walk in customers.
- There are ¥80,000 daily receive limit in Guangdong and ¥500,000 in Zhejiang YiWu region respectively. Any amount exceeding the limit will be returned. Please consider the time zone and processing time before submitting the application.
- If you a non-Chinese citizen, the funds are prohibited from real estate and stock market investment.
* All terms and conditions stated above are subject to change without prior notice,please contact branches or call 1-877-779-5588 for further information.
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Service Charges
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Friendly Reminder
- Please prepare the following information before submitting a remittance application in order to help us serve you ina more effective way.
- Payee's name, address (City, Province/State, Country) and account number
- Beneficiary bank's SWIFT CODE
- Beneficiary bank's full name and address (City, Province/State, Country)
- Transfer currency and total amount
- Please contact our branches or refer to "Rates and Fees" for more details.
- Personal annual settlement of exchange limit is USD$50,000 or equivalent, any amount exceeding the limit will be returned.
- Please prepare source of fund declaration for large cash transactions, such as withdrawal receipt from other banks or custom declaration, if necessary.
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