How do people remit money abroad at home?

In China, there are two ways to remit funds abroad, namely, telegraphic transfer and money order provided by China Bank. The following are the specific steps:

The wire transfer process includes filling in the Application Form for International Remittance, and information such as remittance currency, amount, payee's name, address, bank account number and SWIFT code or address of the bank where the account is opened should be provided. After paying the principal and handling fee, print the application form and sign it for confirmation, and the bank will keep your contact information. After the remittance is completed, you can get the remittance receipt.

the bill remittance process is similar, that is, the application form is filled in, including the information of currency and payee, and the principal and handling fee are paid. Please note, however, that except for the remittance from Hong Kong, Macao and Taiwan, the rest must be filled in English, and it is confirmed that there is an overseas branch of the Bank of China. After the draft is printed, it can be mailed or taken out of the country.

in the process of remittance, make sure that the remittance information is accurate, and it is recommended to handle the initial remittance at the counter. Personal foreign exchange remittance must comply with the national foreign exchange management policies, such as spending on current projects such as tourism, study abroad and medical care, as well as supporting documents provided in accordance with relevant regulations. The amount can not exceed the standard specified in the supporting documents, and real documents may be needed. SWIFT code is used to identify the receiving bank during wire transfer.

in addition, for individual foreign exchange applications, there are detailed examination and approval rules, such as temporary remittance, miscellaneous expenses for outbound travel, special circumstances of immediate family members, etc., and corresponding certificates are required. Individuals who have been approved to leave the country and hold valid visas may apply for foreign exchange for travel and miscellaneous expenses.

generally speaking, remittance countries need to understand and abide by relevant regulations to ensure that all information is accurate in order to successfully complete remittance. If in doubt, please consult the professional staff of China Bank.