How do I send money to Singapore and how do I send money back to China in Singapore?

Generally speaking, there are two ways to remit money back to China: one is through the bank's pre-settlement method; The other is through a remittance center in Singapore. Here is an example of the latter:

Singapore's remittance centers are generally concentrated in Pearl Mill in Chinatown, with more than 10 of them, among which the more famous ones are Hansheng Remittance and Great Wall Remittance. But in fact, all remittance companies are much the same, and here is how to send money to your family safely, quickly and effectively in Singapore.

Basic process of remittance at the center:

1. Provide proof of identity: ID card, pass, passport and other valid documents;

2. Fill in the remittance form

Sender's information: name, address, contact**;

3. Remittance supporting documents: documents to be provided if the remittance exceeds the limit required by the remittance company;

4. Payment method: cash or credit card.

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1. Bank transfer. If the beneficiary has a bank account abroad, the easiest way is through bank transfer. Bank transfers require an international bank account number to confirm the recipient's account and a bank confirmation code to confirm the bank where the account is located.

If you know these two key pieces of information, sending money is easy and low-cost;

2. International mail transfer at post office. International mail transfers from post offices are available worldwide, but they are relatively slow. You will need to go to any local post office to fill out an international letter and send it to the selected local post office, which will notify the payee and give the payee the confirmation number so that they can pick up the money.

The cost of international mail transfer varies according to the country to be sent, and the time is relatively long, generally 4 days in Europe and 10 to 15 days in other regions;

3. Professional remittance company. The remittance service provided by a professional remittance company is fast and convenient, faster than bank transfer and international remittance, and the money is remitted to the designated place in just a few minutes. Just go to the remittance business department of the above company to fill in a special **, hand in the remittance, and pay the remittance fee.

At the same time, the beneficiary will be notified of the confirmation number, and the beneficiary can withdraw the money with this number and ID card without having to pay any more fees.

What bank has been from the Bank of China in Singapore, this is very important, the Bank of China is very fast to the Bank of China, Singapore, almost a day or two can arrive, because the Bank of China has more overseas branches, overseas remittance has its own special line, you don't look at other banks also have overseas remittance business, but many to foreign countries or borrow the line of the Bank of China. So, depending on what bank you are on, the normal general sea transfer, 3 5 working days, is a working day, if it is a holiday, it will be extended!

Extended Resources: Cross-border Remittances.

Cross-border remittance refers to the business of personal online banking customers to remit foreign exchange to the beneficiary of bank account opening outside mainland China within the prescribed limit. Cross-border remittances are time-consuming due to both telecommunication charges and handling fees.

Since there is generally a maximum limit on cross-border remittance fees, it is recommended to increase the amount of a single remittance as much as possible within the maximum limit to reduce the number of remittances and save the telex fee for each remittance.

Generally speaking, the cost of telegraphic transfer is divided into two parts, one part is related to the amount of the telegraphic transfer, i.e. 1 handling fee, and the other part is not related to the amount of remittance, but related to the number of transactions, i.e. each remittance fee will be charged once. There is a large difference in the charging standards of different banks, so customers can make a good comparison when choosing a remittance bank. It should be noted that due to the intermediary bank deduction in the remittance, and the amount of deduction in the remittance process cannot be predicted, the remitted tuition fee or deposit may not be fully received, which may affect the visa application or registration.

Therefore, it is necessary to send as much as possible. Since there is generally a maximum limit for remittance fees, the more money you remit each time, the more cost-effective it is, so if conditions permit, it is recommended to remit more at a time, and do not divide too many times, otherwise you need to pay a lot more handling fees.

It is best to choose a large domestic bank for remittance abroad.

If the remitter remits the money by bill in BOC, the remitter can go directly to BOC's overseas business office to complete the payment procedures. If there is no business place in the place where the remittance bank is located, it is necessary to go to the entrusted bank designated by the remitting bank, which is relatively convenient and not as fast and convenient as the direct business point. In addition, the network of large banks should be extensive, and compared with small banks, there are fewer intermediate turnover links, and the security of remittances is higher.

Many banks can handle this kind of business, including the overseas branches of the Flower Bank, Bank of China, ICBC, etc., you only need to provide the account number, account name, and the ** of the bank where you open the account (you have to consult the bank, the English code is missing is not able to receive remittance), the time is about 3 5 days.

If the recipient has a bank account abroad, the easiest way is via bank transfer (from your account to the recipient's account).