(1) Banks in Taiwan Province Province can directly remit money to RMB accounts of mainland banks, and bring personal ID cards or passports and money to the bank for processing. If you receive the remittance within a day or two, you must have the Swift code of the mainland bank. Before remittance, ask the mainland bank about foreign remittance and give it to the remitter in Taiwan Province Province. Limited by the upper limit of $50,000 per person per year for mainland recipients.
(2) Western Union Remittance: Western Union Remittance is handled in Taiwan Province Guotai Shihua Bank. The advantage is that you don't need the Swift code of mainland banks, and the remittance target is individuals. The remitter in Taiwan Province Province can fill in the city and name of the payee in Chinese Pinyin on the application form.
After remittance, you will get the serial number and password of the remittance memo, and ask the mainland payee to bring his ID card to the Agricultural Bank of China or the post office to prompt for the serial number and password. The maximum remittance is $7,000 each time.
Western Union remittance is recommended. Western Union remittance from Taiwan Province Province to the mainland is very convenient and fast, and the handling fee is also very cheap. Taiwan Province cooperates with Thai Credit Bank and Cathay Pacific Shihua, and the mainland cooperates with China Post.
You don't need to open a separate account for remittance in Western Union, just give the payee a password after remittance. The payee only needs to take this password to withdraw money.
The fastest is Western Union remittance. Officially, it takes 20 minutes to get the money, but it actually takes about an hour. Nevertheless, Western Union remittance can be said to be far ahead of other ways. The most important thing is to see if there is a bank that provides Western Union. Other general banks can remit money as long as they have foreign exchange, but it takes about 3 to 4 days.
It should also be noted that remittance can only be made in foreign currencies supported by both banks. Remittances from Taiwan Province Province to the mainland are usually mainly in US dollars. Basically, every bank in Taiwan Province Province has the business of remittance to the mainland, but the fees are mostly different. "Bank of Taiwan" charges 600 Taiwan dollars (RMB 150 yuan).