Personal RMB Pre-settlement Remittance
Features & Benefits
- Sender remits CAD/USD and beneficiary receives RMB, making your exchange settlement at ease.
- Locked in a foreign exchange rate, protecting you from exchange rate fluctuation.
- Available at any of our branch across Canada.
- Get more discounts by using online banking.
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E-Banking User Guide
- Log in your E-Banking account
- Choose "Global Transfer" tab
- Choose your debit account and credit account from the drop down lists. Choose "Other Banks outside Canada" and "CNY" as the transfer currency.
- Enter the Payee Name, Account, Address, and beneficiary bank’s BIC/SWIFT code. Use the “Search” function to find out the beneficiary bank’s BIC/SWIFT code. Type in the bank’s full name for enquiry.
Frequently used bank in China.
Notes:
- Payee Name and Address must be in English
- Receiving bank may apply extra service charges
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Service Charges
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Friendly Reminder
- Please prepare the following information before submitting a remittance application to help us serve you in a more effective way.
- Payee 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 exceeds 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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