Take the Bank of China as an example. At present, overseas remittances need anti-money laundering review, and sensitive countries need to provide information review before they can reach the account, which will take a relatively long time. China already has foreign exchange control, with a quota of $50,000 per person per year. If it is a large amount, you need to provide information to prove to the bank that the settlement will be successful.

What happened to the late arrival of overseas remittance?

1. Because the route, exact amount and date of remittance cannot be confirmed, it is impossible to inquire the sender. Customers are advised to inquire through the remitter and ask the remitter to inquire by cable on the grounds that the payee has not received the money. The remittance bank will inquire from its original remittance route and provide accurate remittance number, remittance amount and remittance voucher. ...

2. If the customer holds the remittance voucher of the remitter (including remittance path, amount, date and payee information) and his/her valid ID, he/she can also go to the remittance counter of the payee bank to make an inquiry. This method is suitable for the case that the money has arrived at the Bank of China, but there is an inquiry fee.

Overseas remittance is a business activity that commercial banks handle remittance for customers or settle the relationship between creditor's rights and debts through the transfer of funds between their overseas branches or correspondent banks. According to whether the delivery direction of settlement tools is consistent with the movement direction of funds, it can be divided into forward remittance (remittance method) and reverse remittance (collection method). There are three remittance methods: telegraphic transfer, M/T and D/D. The cost and exchange rate of telegraphic transfer are higher, while the cost and expenses of telegraphic transfer and D/D are lower, but it takes a long time to delay customers' money.

The remittance settlement method generally involves the remitter, the payee, the remitting bank and the collecting bank (or collecting bank). If there is no direct relationship between the remitting bank and the collecting bank, other banks are needed to remit money. The currency used for remittance settlement is generally determined by the remitter. If the remittance currency is different, it needs to be calculated according to the buying price and selling price of the day before remittance. When the remitting bank collects local currency from the remitter and remits foreign currency, it shall be calculated according to the bank's foreign exchange purchase price; When remitting money to the payee, if the remittance is in foreign currency, the remitting bank can pay the foreign currency directly or calculate the fee according to the payee's opinion.