广发银行

Inward Remittance from Oversea

Brief introduction to products

Inward Remittance from Oversea means the business whereby overseas relatives, friends, employing company and other institutions remit convertible forex to a Chinese or foreigner in China.

Service target

Applicable for individuals in China who have legal foreign currency income or have the need of inward remittance, including foreigners in China.

Characteristics of Product

1.      Our bank imposes no limitations on the inbound remittance, which may be deposited or withdrawn freely;

2.      We collect no conversion handling charges and will waive or reduce the advising charges as appropriate;

3.      There is no need to open an account first for any inbound remittance and any account that has been opened can be used for universal deposit and withdrawal;

4.      We are an SWIFT member and have access to the global network to ensure speedy remittance, which is received usually in 2–3 days;

5.      We have more than 1,000 correspondent banks and more than 30 clearing banks all over the world, ensuring convenient remittance and unblocked routing;

6.      Our network links up directly with all the branches and sub-branches. The centralized operations of the Document Center ensure convenient reception;

7.      The team work with international cards and the New Foreign Exchange Kit highlights the advantages.

8.      High-end customers have access to VIP service;

Process

The payee provides overseas payer with our payment routing information (name of correspondent bank, account number, name of our branch), name, telephone number, account number (if any) and ID card number (in case no account has been opened) of payee; Overseas payer handles the remittance according to the information; After receipt of the remittance, we will notify the payee via telephone or save it directly into the passbook according to the account number and, meanwhile, fulfill the formalities for declaration of international income and expenditure and verification of large-amount remittance according to regulations. The bank shall process personal settlement of exchange through the information system for management of personal exchange settlement, sales, and purchase, and shall record relevant information in a real, correct and complete manner.

Policy (Personal inbound remittance of residents)

1.      Personal settlement of exchange is placed under the annual limit control, which is USD 50,000 or equivalent a year for each person;

2.      For the personal forex earnings of residents that are remitted from abroad under current account, if it is necessary to pay foreign banknotes and withdraw cash out of a spot exchange account, the following rules will apply: To withdraw less than USD 10,000 (included) worth of foreign banknotes in a day in lump sum or accumulation, the formalities may be fulfilled directly in the bank; to withdraw more than the above amount, the same should be reported in advance to the administration of foreign exchange at the location of the bank for recordation along with valid personal identity certificate and the evidences proving the purpose of the banknotes to be withdrawn. The bank will process the formalities for withdrawing foreign banknotes on the strength of the valid personal identity certificate and the Recordation Form for Withdrawal of Foreign Banknotes signed by the administration of foreign exchange.

3.      For the residents who deposit the forex remitted in or brought in as bills into foreign currency account (including exchange account or banknote account), the following rules will apply:

(1)     Lump-sum saving of less than USD 10,000 or equivalent may be transacted directly;

(2)     Lump-sum saving of more than USD 10,000 (included) or equivalent is transacted on the strength of true identity certificate and will be recorded by the handler.

4.      The personal exchange settlement business of residents (inbound remittance, deposits or settlement of forex cash) is subject to the following rules:

(1)     The settlement of exchange within the personal annual limit is transacted in the bank on the strength of valid personal identity certificate;

(2)     n case the non-operational settlement of exchange under a domestic personal current account exceeds the annual limit, it will be transacted in the bank on the strength of valid personal identity certificate and the evidentiary materials for the relevant amount of trade.

5.      The above evidentiary materials mean those for personal patent, copyright, author’s remuneration, consulting fees, insurance benefits, profits, dividends, interest, annuities, pension, employee compensation, alimony, donated fund and other forex earnings under current account; the earnings under capital account, including personal investment within the territory and loans from overseas banks, should be reported to the administration of foreign exchange for verification and approval before the bank goes through the formalities for opening account, receiving forex and payment;

6.      To receive remittance of more than USD 2,000 (excluded) or equivalent, the payee needs to go through the formalities for declaring international income and expenditure.

7.      Under the state system for reporting and recording large-amount remittance and dubious remittance, the customer needs to provide information and answer questions, while the bank will be responsible for keeping the same confidential.

CGB Guide to Routing of Inbound Remittance

To make sure that you can receive the remittance without a hitch, please tell your foreign remitter to enter the following information accurately by consulting the following example:

Note: More correspondent banks are available to choose from in the schedule of correspondent banks. For personal remittance, please indicate phone number and address so that a notice can be given in time. Use the Chinese Pinyin for personal name. Indicate the ID card number if no account (or passbook) has been opened.

Note: Please choose the correspondent bank relevant to the currency of remittance from the following schedule of clearing banks. For personal remittance, please indicate phone number and address so that a notice can be given in time. Use the Chinese Pinyin for personal name. Indicate the ID card number if no account (or passbook) has been opened. Schedule of CGB Overseas Clearing Banks: Correspondent Banks

	Our account bank for your choice	Account No.	SWIFT BICs
USD	CITIBank N.A., NY (CP0008)	36089705	CITIUS33
	Wachovia Bank N.A., NY (CP0509)	2000191168396	PNBPUS3NNYC
	JPMorgan Chase Bank, NY (CP0002)	400920972	CHASUS33
	Bank Of America, N.A.(Cp0959)	6550990105	BOFAUS3N
	Bank of New York, New York(CP0001)	8900571004	IRVTUS3N
	Bank of China, Guangdong Br., Guangzhou	800101722218432014	BKCHCNBJ400
	Standard Chartered Bank, HK	44710621224	SCBLHKHH
	Bank pf China (Hong Kong) Ltd., HK	01287560104007	BKCHHKHH
	H.S.B.C, Hong Kong	567774377230	HSBCHKHH
	Nanyang Commercial Bank Ltd., HK	04347260101156	NYCBHKHH
HKD	Standard Chartered Bank, HK	41109465235	SCBLHKHH
	H.S.B.C, Hong Kong	567774377001	HSBCHKHH
	Bank Of China, Macau Br.	011152002071	BKCHMOMX
	Bank Of China, Guangdong Br., Guangzhou	800101722218432013	BKCHCNBJ400
	Bank of China (Hong Kong) Ltd., HK	01287560103994	BKCHHKHH
	Citibank N. A., Hong Kong	5846591003	CITIHKHX
	CITIC Ka Wah Bank, Hong Kong	694221368300	KWHKHKHH
	China Guangfa Bank, Macau	18133098500020	CGBKMOMX
	Nanyang Commercial Bank Ltd., HK	04347260102010	NYCBHKHH
EUR	Deutsche Bank Ag, Frankfurt	10095122780000	DEUTDEFF
	Ing Bank N.V., Belgium	301-0179070-89-EUR	BBRUBEBB
	Bank of China, Guangdong Br., China	800101722208023038	BKCHCNBJ400
GBP	Standard Chartered Bank, London	01178699701	SCBLGB2L
	Bank of China, Guangdong Br., Guangzhou	800101722208023012	BKCHCNBJ400
JPY	Bank of Tokyo-Mitsubishi Ltd., Tokyo	6530441090	BOTKJPJT
	Mizuho Corporate Bank, Ltd., Tokyo	3984010	MHCBJPJT
	Bank of China, Guangdong Br., Guangzhou	800101722208023027	BKCHCNBJ400
AUD	Commonwealth Bank of Australia, Sydney	100320401AUD112601	CTBAAU2S
CAD	Bank of Montreal, Int'l, Toronto	31441020359	BOFMCAT2
CHF	Ubs Ag, Zurich	02300000085569050000M	UBSWCHZH80A
DKK	Den Danske Bank, Copenhagen	3996061876	DABADKKK
NOK	Den Norske Bank, Oslo	7001.02.12020	DNBANOKK
SEK	Skandinaviska Enskilda Banken, Stockholm	52018545949	很抱歉，你访问的广发银行网站页面不存在。 可能网页已被删除或暂不可用，也可能你输入有误。请尝试以下方法： 1、检查刚才的输入 2、去其他频道看看： 广发银行首页 | 个人银行 | 公司银行 | 中小企业 | 信用卡 | 电子银行 | 财经频道 | 关于广发 | 广发商城 3、查看 网站地图