What is a remittance company used for cross border remittance?

Cross-border remittance by remittance companies is a personal international remittance business carried out by Bank of China in cooperation with internationally renowned remittance companies. You can complete the collection of personal cross-border remittance through "MoneyGram Payment", "Western Union Payment", "Rhea Remit Payment" (not yet promoted), and you can check the transaction details of cross-border remittance by remittance companies through "Remittance Transaction History Inquiry". This function supports the printing of receipts.

The "Remittance Confirmation Code" is an 8-digit digit number for MoneyMoney, 10 digits for Western Union, and 11 digits for Rhea.

3.If the "Remittance Confirmation Code" is incorrect for 3 consecutive times, your release function at the remittance company will be locked and automatically unlocked the next day. You can automatically unlock the payment on the next day and then release the payment again, or go to our counter to complete the settlement business.

For currencies less than RMB 100 equivalent, the payment is not supported through online banking channels, please go to the counter of our branches.

The receiving account supports debit card, current account, and Uhuitong special account.

The above content is for your reference, and the actual business regulations shall prevail.

Handle related business.

Realize cross-border transfers between different countries and regions.

The process of remittance from a domestic company to a foreign company is: customs declaration.

Certificate of import foreign exchange payment; Sign the ** contract and commercial invoice signed by Chunshi with foreign companies; Fill in the "Overseas Remittance Application DAO Form"; With the official seal, financial seal, legal person seal.

If it's an advance payment.

First, go through the prepayment registration at the State Administration of Foreign Exchange**, and then go to the bank to handle it after the State Administration of Foreign Exchange approves it.

The process of a domestic company acquiring a foreign company is as follows: looking for an M&A target, establishing the M&A intention, negotiating between the two parties and determining the M&A intention; Hire consultants to formulate M&A plans, domestic enterprises hire consultants to conduct due diligence on overseas enterprises; The two parties sign an agreement, and the two parties negotiate and determine the agreement of the foreign M&A contract; Report to the Ministry of Commerce.

The domestic company shall be submitted to the Ministry of Commerce for approval. Pick up the blinds.

Method of registering the company: The applicant shall apply to the company registration authority for registration in accordance with the law. Then, the applicant authority reviews it in accordance with the law.

For those who meet the requirements, the following information shall be submitted for approval of registration:

1. Qualification certificate of the investor. For example, the Hukou booklet.

ID card, etc.; 2. Application for registration;

3. A copy of the approval document and approval certificate of the examination and approval authority;

4. Proof of use of the venue or red book rental certificate;

5. Other materials.

To establish a company, an application for establishment registration shall be made to the company registration authority in accordance with the law. If the establishment conditions stipulated in this Law are met, they shall be registered as a limited liability company or a stock company by the company registration authority; If it does not meet the establishment conditions stipulated in this Law, it shall not be registered as a limited liability company or a share****.

Laws and administrative regulations.

If it is stipulated that the establishment of a company must be submitted for approval, the approval formalities shall be completed in accordance with the law before the company is registered.

The steps of company deregistration are: liquidation; Deregistration: Check if there are any outstanding social security contributions, and then deregister the company.

Social security; Check whether there are any outstanding taxes or fees, and then cancel the company's national and local taxes; The company needs to publish its own newspaper to announce that the company is about to be deregistered; Handle the company's cancellation of the record, cancel the business license, etc.

Spot. Spot exchange is used for cross-border remittance. Spot currency refers to various payment vouchers denominated in foreign currencies that can be used in the international market.

Foreign exchange that is circulating, transferable, and freely convertible into the currencies of other countries. It should be noted that the ** of cash exchange and cash is different, because the exchange rate is fluctuating, and if you use cash remittance, you need to convert it to cash remittance.

Compared with cash, in addition to the advantages of cash exchange, there are also many benefits when sending money abroad. As long as the money is withdrawn from the cash account, it becomes cash, and even if the cash is deposited in the bank, it can only open a cash account and cannot be deposited into the original cash account. In this way, you inadvertently bring unnecessary losses to yourself.

Therefore, if you are not in a hurry to use cash, you do not need to convert the exchange rate into cash.

In daily life, when conducting international settlements, spot exchange is more convenient. But if you go abroad, cash is more convenient than cash, because cash can be used directly in foreign markets. If it is cash exchange, it must be exchanged for cash at the overseas bank where the foreign currency is remitted, and then it can be used locally.

1. For transnational interbank transfers, you must first make sure that your foreign bank card has opened the scum function of international remittance.

Second, the transfer is transferred according to the exchange rate of the day, and cross-border transfers such as pants also need to pay a handling fee, so you must pay attention to the transfer and bring more money and filial piety, otherwise it may not be enough.

Extended Materials. What does cross-border mean in foreign exchange is to send money abroad or send money from home to China. Cross-border remittance is a business in which ICBC provides personal internet banking customers with foreign exchange remittance to payees who open accounts with banks outside mainland China within the limit stipulated by the State Administration of Foreign Exchange.

Cross-border remittance provides you with functions such as cross-border remittance, cross-border remittance inquiry, and my domestic outward remittance sample.

Featured Advantages 1Convenient and fast: Cross-border remittance allows you to handle remittance business anytime and anywhere through personal online banking 24 hours a day, and avoid the worry of waiting in line at the bank counter, saving your precious time.

2.Support online appointment: You can submit the appointment information to the bank through this function, and the bank will make foreign exchange remittance according to your requirements for the beneficiary who opens a bank account outside the mainland.

1. Telegraphic transfer: In investment and financial management, the minimum telegraphic transfer fee is 20 yuan, and the highest is 1,000 yuan. For example, the handling fee for remittance is 1 of the remittance amount.

The minimum is 50 yuan, and the maximum is 1000 yuan. In addition, a telegram fee of 100 yuan is payable, and the deduction fee of the foreign intermediary bank cannot be determined, depending on the specific region and bank. In addition, wire transfers also require the recipient to have a foreign account.

2. Bills of exchange: Bills of exchange are issued by the bank to the remitter, and then I carry the bill of exchange abroad, or send the bill of exchange abroad by mail, and the bill of exchange does not charge telegraph fees, and other charging items and standards are the same as those of telegraphic transfer. Although the cost of a ticket transfer is cheaper than a wire transfer, it takes longer to obscure and is about 4 days slower than a wire transfer, which is suitable for those who do not have a requirement for the arrival time.

Once lost, the loss reporting and other procedures are relatively troublesome, and the bill of exchange has a one-year validity period, after which it will be returned to the original issuing bank.

3. Remittance: If you want the remittance to arrive quickly, you can consider Remittance methods such as Remittance and Western Union. The biggest advantage of the remittance method is that it is fast, and the whole process from the remitter to the payee can be completed in 10 minutes.

However, it is required that there must be a business acceptance agency in the place where the payee is located, and there are not many supported currencies.

4. Mobile cross-border remittance: When you go to the bank counter to handle cross-border remittance business, the most headache is to encounter a long queue. The biggest advantage of mobile cross-border remittance is that you can handle business anytime and anywhere 24 hours a day, without waiting in line or worrying about the closure of bank branches.

5. Bank counter handling: It is also more convenient to handle cross-border remittance business at the bank counter, and the key is to be safer. If you don't have to wait in line, it is very convenient to fill in the ** and other materials, and you can get it in a few minutes if you read it boringly.

If you want to choose cash exchange, because you have already purchased foreign exchange and sent it directly, you can't choose cash. At that time, when purchasing foreign exchange, the staff of ICBC should also be at the State Administration of Foreign Exchange.

The spot exchange registered for you in the personal foreign exchange settlement and sales system. There is no one price for banknotes.

Take out the dollar and deposit it into "cash".

Extended Information: There are three differences between cash and cash for cross-border remittances

1. The essence of the two is different:

1. The essence of cross-border remittance and spot exchange: various pre-payment vouchers expressed in foreign currencies can be used in the international market.

Foreign exchange that is circulating, transferable, and freely convertible into the currencies of other countries.

2. The essence of cross-border remittance cash: specific and actual foreign banknotes and coins. When customers want to transfer cash out of the country, they can carry it or remit it.

Second, the management of the two is different:

1. Management of cross-border remittance and spot exchange: foreign exchange that is widely used in international settlement, is repaid internationally and can be freely exchanged for other countries' currencies. The countries that issue these currencies have foreign exchange controls.

Some countries have implemented strict foreign exchange controls, and their currencies cannot be freely converted into internationally accepted foreign currencies.

2. Management of cross-border remittance of cash: In the foreign exchange rate announced by the designated foreign exchange bank, the ** price of cash is less than the ** price of cash exchange, and the cash exchange rate is in cash.

The selling price is equal. This shows that the country's foreign exchange management policy is to encourage the holding of cash exchange and restrict the holding of cash, because cash exchange is more convenient for foreign exchange management than cash as a fund on the books.

3. The nature of the two is different:

1. The nature of cross-border remittance and spot exchange: a kind of free foreign exchange.

2. The nature of cross-border remittance cash: foreign exchange on the books.

Popularly understood:

1. Different from the perspective of circulation.

Because foreign currency cash cannot be circulated in China, spot exchange can be directly settled electronically, and the liquidity of cash exchange is better than cash, which determines that the bank's cash exchange is a little more expensive than cash, that is, when the customer sells the cash exchange in his hand, it is a little more expensive than cash.

2. Different from the perspective of storage.

After the bank receives foreign currency and collects a certain amount of money over a period of time, it can be transported and deposited in a foreign bank for allocation and use, during which the bank has to bear a certain amount of interest loss to regret the expenses such as freight and insurance premiums in the process of transportation.

The bank wants to pass on these losses and expenses to the customer who sells the cash, so the bank's cash is lower than the cash exchange, that is, when the customer sells the cash in his hand, it is a little lower than the cash exchange.

3. The value is different.

Taking the US dollar as an example, when sending money abroad, the amount of cash is limited to the equivalent of 2,000 US dollars, and the cash remittance is equivalent to 50,000 US dollars.

Cash refers to foreign banknotes held by an individual. Spot exchange refers to foreign currency bills and certificates.