China Merchants Bank -- Overseas remittance

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Overseas remittance

If you need to make or receive an overseas payment, you can choose CMB's overseas remittance service, which includes remit-out and remit-in services.

Features

1.
Realizes remittance in different currencies between different countries or regions (Hong Kong, Macau and Taiwan);
2.
Applies to overseas Chinese's relatives who live in China, parents with children studying abroad, overseas institutions' representatives in China, and other customers who need to make and receive FX remittances;
3.
Enables multiple All In One card accounts. If your All In One Card only has a Renminbi deposit account, CMB's system will create a current deposit account in the same currency as your All In One card when you receive an FX remittance.
4.
As a SWIFT member, CMB provides a leading international electronic currency exchange system and a strong management structure. Most CMB branches are primary branches. CMB provides detailed instructions to help payees receive money as soon as possible (usually within 5 business days).
5.
CMB charges no commission for receiving a remittance in addition to any charges required by overseas intermediary banks. Some branches require a Commission In Lieu of Exchange.
6.
Remittance is received in the original currency into the spot exchange account.

How to apply

1. Remit-out: You must remit money to an overseas account in compliance with regulations on the domestic private foreign exchange management of SAFE.

Remit-out instruction

·
Submit to us the correct beneficiary's name, A/C number, the address (if any), name and address of the beneficiary's bank, correspondent for the beneficiary's bank, and A/C number (if any).
·
Specify the remittance currency and amount, and the bearer of the foreign bank's charges (if not specified, all charges are to be borne by the beneficiary). Add any brief notes if required by the beneficiary.

2. Receiving an overseas remittance

·
Overseas remitters can remit money through telegraphic, mail or draft remittance through any bank to CMB. Thanks to a swift international electronic currency exchange system, we can promptly exchange currency for beneficiaries. Receiving a remittance complies with PBC and SAFE regulations. According to Order No.2 [2007] of PBC, the remitter must specify the name, A/C number, and beneficiary address. (For more details, please refer to: http://www.gov.cn/ziliao/flfg/2007-06/22/content_658488.htm)
·
To remit money from an overseas bank to a domestic beneficiary, follow our instructions for filling in the beneficiary's name (for Chinese beneficiaries, this is the name in pinyin used to open the account; for non-Chinese beneficiaries, this is the name used to open the account), All In One Card number or FX deposit book number, and China Merchants Bank.
·
If the beneficiary does not have a deposit account, you only need to specify the beneficiary's name, ID number, telephone number and address. We will open an account, receive the remittance, and notify the beneficiary upon receiving the remittance.

Note:

Please refer to your remitting bank for specific requirements for filling out the remittance application form, and notify your remitting bank of CMB's remittance route. You can ask a bank employee to fill out the application form for you. We recommend T/T, which is safe and fast.

For frontier trade transactions that require cash on delivery, ask the remitter to issue a remittance draft with CMB as the paying bank.

To remit money through T/T, inform your overseas remitter of your account information according to Instructions for CMB Overseas Inward Remittance.

CMB Overseas Remit-In Route Instructions

Ask the overseas remitter to fill out the following materials correctly:

Making an overseas USD remittance

Please instruct your banker to transfer the USD funds (by T/T) as follows:
Correspondent: China Merchants Bank，New York (CHIPS ABA：1455 or FED Routing No./ABA 026014559 or SWIFT CODE: CMBCUS33XXX)
(CMB's USD account bank name and its CHIPS ABA, FED Routing No./ABA or SWIFT code)
（招商银行的美元账户行名称及其CHIPS ABA 或FED Routing No./ABA或 SWIFT 代码）
Beneficiary's Bank :( China Merchants Bank，H. O. Shenzhen (SWIFT CODE: CMBCCNBSXXX)
（汇入行：招商银行总行及其SWIFT代码）
(Receiving bank: CMB Head Office)
(收款人一卡通卡号、存折账号)
Beneficiary's a/c no.: ____________________________________________________________
(Beneficiary's All In One Card number, deposit book number)
Beneficiary: (beneficiary's name: for Chinese beneficiaries, this is the name in pinyin used to open the account; for non-Chinese beneficiaries, this is the name used to open the account)
(收款人户名：收款人户名：境内个人以我行开户证件姓名的汉语拼音为准，境外个人以我行开户证件姓名为准。)

Notice:

1. CMB H.O.'s SWIFT code CMBCCNBSXXX must be provided to remit money to CMB's domestic branches.