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Can China Merchants Bank exchange US dollars for remittance to Hong Kong and HSBC on the same day?
According to the route provided by the bank to receive overseas remittances, it will generally arrive in about 3 working days.

It usually takes two or three days, and even under special circumstances, it should take five working days, depending on where HSBC is. For example, if the same city HSBC remits it to your bank account in China, you should be able to enter foreign exchange in less than two days, one or two days later. However, if domestic HSBC transfers foreign currency, it can only transfer it to its own account or the account of immediate family members.

China Merchants Bank (1987) was established in Shekou, Shenzhen. It is the first joint-stock commercial bank wholly owned by an enterprise as a legal person in China and the first pilot bank to promote banking reform from outside the system.