Outward Remittance

Fast Transfer

Our customers can remit funds by Fast Transfer to a company's account with our Mainland branches. Payment instructions which comply with the requirements of Fast Transfer will be sent through our internal business network. After verification based on the Foreign Exchange Regulations Policy and the beneficiary's information, funds will be transferred immediately (Friendly Reminder: Handling charge for Fast Transfer is lower and faster than that of T/T)

Cutoff Time for Fast Transfer:

Monday to Friday : 2:00PM
Saturday 、Sunday Mainland Holidays : No Services

Requirements of Fast Transfer:

• ·Both of the beneficiary and remitter should maintain an account with our local branch or sub-branches and one of our Mainland branches;
• ·The beneficiary should be a company ;
• ·The beneficiary's account number should be 21 digit;
• ·Remittance currency should be either HKD or USD.

Telegraphic Transfer

By means of SWIFT (Society for Worldwide Interbank Financial Telecommunications), electronic means or telex, funds will be transferred swiftly and safely through our mainland and international branches and correspondence banks network to the paying bank for the beneficiary. (Friendly Reminder: It will be more safe and reliable to remit funds by T/T)

Cutoff Time for T/T ^Note

Monday to Friday : 3:00PM
Mondays to Fridays cut-off time after the transfer application will be handled the next working day

 

Note:
Cutoff Time for RMB Outward T/T:

Monday to Friday : 2:00PM
Saturday & Mainland Holidays : No Services

Requirements for RMB Outward T/T

• ·The remitter must have a RMB account with us;
• ·The remitter and the beneficiary should be in the same name;
• ·Credit to the Beneficiary's account in the mainland;
• ·Maximum aggregate amount per person per day: RMB50,000.

 

Demand Draft

Upon your application, we will issue a demand draft made payable to the beneficiary. Beneficiary can present the demand draft to the paying bank for funds or deposit the demand draft into his/her bank account for collection (Friendly reminder: Handling charge for D/D is lower than that of T/T)

 

For enquiries, please visit our bank or call8898 8286.