The order of remittance path selection for cross-border foreign currency remittances for personal customers of Bank of China is as follows:

1. When you do not specify a remittance path, Bank of China will select the most suitable remittance path for you based on actual business needs. Excellent remittance route.

2. In business practice, through the comparison of the comprehensive services of Bank of China’s overseas affiliates and agency banks, it is found that Bank of China’s overseas affiliates located in the main currency clearing center have preferential transfers, convenient communication, free inquiries, and are not easily refundable. And since remittances are exempted from deductions, priority will be given to overseas branches of Bank of China.

The order of selection is:

(1) The bank where the payee opens an account that has a remittance currency account relationship with the remitting bank.

(2) A Hong Kong, Macao or overseas bank located in the remittance currency clearing center or an agency bank that has an account relationship with the remittance bank.

(3) An agent bank/overseas institution that has a remittance currency account relationship with both Bank of China and the beneficiary’s bank.

(Answer time: August 22, 2023)

The above content is for your reference, please refer to the actual business regulations.

You are sincerely invited to download and use Bank of China Mobile Banking APP or Bank of China Cross-border GOAPP to handle related businesses.