How does the Bank of China collect foreign currency from foreign countries, please thank you

Bank of China Personal Inward International Remittance refers to a settlement method in which the remitter entrusts a foreign bank to transfer the money to the payee through a certain settlement tool (SWIFT or Telex). ** bank and overseas correspondent bank accept the customer's entrustment to remit the money to the domestic bank and designate it to release the money to the payee. There are three ways of inward remittance in personal border: telegraphic transfer, bill transfer, and mail transfer, and the use of mail remittance is basically discontinued.

Bank of China needs to provide the following basic information to the other bank to receive inward remittances: bank name, bank address, swift code, payee name (a c holder's name), and payee (a c no.).), Beneficiary**.

The above content is for your reference, and the latest business changes are subject to the announcement on the official website of BOC.

Consultation and handling of related business.

Product Name Inward Remittance Product Description Relatives and friends abroad will remit foreign exchange to your domestic current account of Bank of China. Product Features Through Bank of China's overseas branches and exchanges with banks in various countries, your funds can be remitted safely and quickly to your designated account in China. Procedure Inform your overseas relatives and friends of your current account and account name, English name and route number of the bank you opened with Bank of China, and use it as the collection information to directly deposit your account after receiving your remittance from the domestic branch of Bank of China.

Relevant Provisions All inward remittance funds shall comply with the relevant regulations of the State Administration of Foreign Exchange when operating the funds. Tips 1Why do you sometimes receive less wire remittance than the original outgoing amount?

If the remitting bank and our bank open a current account with our bank, the money can generally be remitted to our bank in full. However, most remitting banks have no account relationship with our bank, so they must be transferred to our bank through another bank or several banks. Each remittance bank will deduct a remittance fee from the remittance amount when doing remittance business.

As a result, the amount of the wire transfer you receive may be less than the amount you originally sent. 2.The remittance time is generally 3-7 business days.

1. No, you cannot. RMB is not a freely convertible currency, and foreign exchange must be purchased and exchanged for US dollars. The annual purchase of foreign exchange by domestic individuals with their ID cards is US$50,000, and the upper limit of overseas remittance is US$50,000 per day.

Bank of China charges: remittance amount1, the minimum charge is 50 yuan, and the maximum charge is 260 yuan.

2. Remittance methods and information.

1. Bank transfer draft. Bank of China provides Citi draft collection service, and customers can bring the draft to the country for foreign exchange. Or Bank of China provides a check in US dollars, but the recipient's bank, account number, and recipient's information must be indicated, and the remitter can send the check to the recipient abroad, and the recipient will cash it in the local bank, and the bank transfer check will take about 3 days to arrive.

2. The information required for remittance: the name of the beneficiary bank - the address of the beneficiary bank - **- bank**, the United States generally requires ABA - the name of the beneficiary - the beneficiary - the address of the beneficiary.

1. Yes, the debit card of Bank of China can receive foreign currency, and there is no need to open a foreign exchange account.

2. Before receiving foreign currency remittances, you need to open an account.

The English address and SWIFT code are accurate to tell the other party, this information can be found on the official website of the Bank of China, or you can call the service of the Bank of China **95566 for inquiry.

Yes, you can. However, according to the regulations, domestic transfers of foreign exchange are limited to the person or his immediate family members, otherwise they cannot be processed.

Supplementary information: If you are an individual customer, it is recommended that you go to Bank of China: when remitting foreign currency, the remitter and the beneficiary should be the same person, or the remitter's immediate family members (parents, children, spouses), and relevant documents must be provided to prove the relationship between the immediate family. Such as:

Hukou booklet, marriage certificate, notarial certificate.

According to the regulations of the State Administration of Foreign Exchange, if the amount of remittance to a foreign country exceeds US$50,000, it is necessary to apply to the State Administration of Foreign Exchange for approval before it can be processed at the bank.

Fees vary by bank.

Extended information: Bank of China can receive foreign exchange in manuscripts, and the payment restrictions are as follows:

1. The specific provisions for the declaration of balance of payments are as follows:

For the balance of payments declaration with an amount of less than 5,000 US dollars (including 5,000 US dollars), the declaration of private and foreign-related receipts and payments is exempted from reporting under the quota, that is, the individual reporting entity is exempted from filling in the declaration information in the foreign-related receipt and payment voucher (transaction code, transaction postscript, name of the country (region) where the payee and payer is resident and **), except for the money received and paid overseas by domestic non-resident individuals through domestic banks.

2. For inward remittances whose remittance amount exceeds the balance of payments declaration limit (US$5,000), the procedures shall be handled in accordance with the relevant declaration and statistical regulations of the local foreign exchange administration, and the outlets (usually the outlets for the customer's account opening, and the final notice shall prevail). If the customer can not provide the information and information that meets the declaration requirements, it may affect the accounting, and the specific declaration requirements can guide the customer to consult the handling outlets.

3. If the remittance is made to the same person multiple times, and the amount is large, and no justifiable reason or contract can be provided, the bank has the right to refuse to handle it.

Summary. Legal basis: Chinese bank cards can withdraw foreign currency abroad《People's Bank of China Law of the People's Republic of China》 Article 2 The People's Bank of China is the ** bank of the People's Republic of China.

Under the leadership of the People's Bank of China, the People's Bank of China formulates and implements monetary policy, prevents and defuses financial risks, and maintains financial stability. Article 31 The People's Bank of China shall monitor the operation of the financial market in accordance with law, carry out macroeconomic regulation and control of the financial market, and promote its coordinated development. Thank you for believing in me, the above is mine, thank you

A Chinese bank card can be used to withdraw foreign currency abroad.

1. People's Bank of China Law; 2. Banking Supervision and Administration Law; 3. Commercial Banking Law; 4. Witness the cherry blossom bucket coupon method; 5. Insurance Law; 6. Negotiable instruments law; 7. Anti-money laundering law; 8. Regulations on the management of people's spine coins.

Legal basis: Chinese bank cards can withdraw foreign currency abroad《Law of the People's Bank of the People's Republic of China on Traveling to the People's Bank of China》 Article 2 The People's Bank of China is the ** bank of the People's Republic of China. Under the leadership of the People's Bank of China, the People's Bank of China formulates and implements monetary policy, prevents Li Stool and resolves financial risks, and maintains financial stability.

Article 31 The People's Bank of China shall monitor the operation of the financial market in accordance with the law, implement macroeconomic regulation and control of the financial market, and promote its coordinated development. Thank you for believing in me, the above is mine, thank you

There are U.S. dollars in a Chinese bank card, can I spend in South Korea, and the United States charge a handling fee.

Received. How much does it cost.

5000 charges 10 yuan.

Can I get a bank card that doesn't charge a fee?

No, you can't. Is it my dollar or yuan that is spent.

Calculated in US dollars. Is it the same in Korea? Is it the dollars in my card that are being spent directly?

The handling fee of 10 yuan charged by 5000 is a single transaction or cumulative. One stroke.

Summary. The remittance process is as follows:

1. To have a foreign exchange account in China, some banks require special application, and some banks have a multi-currency function.

2. Obtain an overseas remittance route map from the bank, which includes the account information of the domestic bank abroad, the remittance route of various currencies, the information of the intermediary bank, the information of the remittance payee, and the information of the domestic bank.

3. Fill in the content required by the roadmap and provide it to the remitter abroad.

4. The remitter will hand over the route map to the foreign bank and pay the handling fee according to the bank's requirements. Fees vary from country to country and from bank to bank.

5. The beneficiary receives the remittance.

What do I need to send money from abroad to a Chinese bank?

Hello, dear, need to provide: need to provide: bank name, bank address, swift code, payee name (a c holder's name), payee (a c no.).) and Beneficiary**.

The remittance process is as follows: 1. There must be a foreign exchange account in China, some banks require special application, and some banks have a multi-currency function. 2. Obtain an overseas remittance route map from the bank, which includes the account information of the domestic bank abroad, the remittance route of various currencies, the information of the intermediary bank, the information of the remittance payee, and the information of the domestic bank.

3. Fill in the content required by the roadmap and provide it to the remitter abroad. 4. The remitter will hand over the route map to the foreign bank and pay the handling fee according to the bank's requirements. Fees vary from country to country and from bank to bank.

5. The beneficiary receives the remittance.

Thank you for the consultation.