CNY Funds Transfers

Our bank provides prompt, safe and convenient CNY outward remittance services. There are two different types for CNY outward remittance.

1、CNY Pre-settlement Remittance

• Customers are able to choose to bring either AUD/USD cash or Cheques to conduct the CNY remittance transactions.
• We provide telegraphic transfer to individual customers only.
• Customers shall bring full detailed information of the beneficiaries’ bank account numbers, identification numbers and contact details in China.
• Highly competitive CNY outward remittance rates combined with low transaction charges.

2、CNY International Remittance

• The name of the beneficiary and the name of the remitter must be the same.
• The total amount to be remitted under the same customer must not exceed the limit set by the bank.
• The current limit is CNY80,000 per person per day.
• The beneficiary must have a bank account with a Bank of China Limited branch in mainland China (excludes Hong Kong, Macau and Taiwan).

For further information, please visit your local BOC branch or contact our Customer Representative on 1800 228 688 (Mon-Fri 9.30am-5.30pm Sydney Time).