1. There is no special requirement for banks to transfer money from overseas to domestic banks. General domestic banks have started this business.
2. Personal settlement account can collect money (ICBC debit card can handle it).
3. Operation process: Ask your nearest local bank for the full names of A and English; B SWIFT code (international line number), and then provide the full English name, SWIFT code, payee account name and payee account number overseas. ...
4. The purpose is not stated in the question (which may involve foreign investment management policies). It is best to call the telephone banking of each bank to ask manually.
Extended data
There are many ways to remit dirham overseas.
There are many different ways to send your hard-earned dirham overseas, and the competition in the transfer industry in UAE is cruel.
UAE is one of the largest overseas remittance countries in the world. According to the latest data from the Central Bank of the United Arab Emirates, in the fourth quarter of 20 18, its residents remitted about 39.9 billion dirhams to their country. It also has some of the busiest remittance channels, with Indians accounting for 34.2% of the total remittance in the same period, followed by Pakistan and the Philippines.
Although highly competitive industries help reduce prices, new technologies also make remittance faster and more convenient. But if you want the best price, you must compare various options, because they may include hidden fees, high prepaid fees and huge exchange rate differences.
Ambareen Musa, founder and CEO of Souqalmal.com, a financial comparison website, said: "It is worthwhile to do some research before choosing a money transfer service." "Only by carefully comparing the exchange rate, transfer fee and processing time can we make a wise choice." So, which is the best choice? "
Exchange, cheap but with a lot of hidden consumption.
According to the data of the Central Bank of the United Arab Emirates, foreign exchange is the most popular remittance method in the UAE, accounting for nearly three quarters of all remittance transactions in the country. 20 18 in the fourth quarter, the exchange remitted 30.4 billion dirhams, while the bank only remitted 9.5 billion dirhams.
Those who are looking for the best deal can compare prices on the World Bank portal, which has opened remittance channels for low-and middle-income countries such as India, Pakistan and the Philippines. To compare the prices, we remitted a small amount of cash-between 700 dirhams and 1800 dirhams.
Some exchanges with the lowest cost in the UAE-India channel refer to Al Fardan Exchange, GCC Exchange, Al Ansari, Wall St Exchange, Western Union and UAE NBD, and these exchanges are provided by banks with DirectRemit.
Although customers can choose different transfer services (including inter-bank transfer, cash-to-cash transfer and even mobile wallet transfer), the best transaction is usually account-to-account transfer, not cash. According to a company representative, in Al Rostamani Exchange, the speed of remittance from one bank account to another is much higher than that from cash to cash.
The Gulf Cooperation Council Exchange has always been listed as one of the cheapest exchanges in the World Bank list, and only a few beneficiary countries are allowed to make online bank transfers, while other countries require cash deposits in branches. However, according to the representative of the company, the charges for cash and online transfer are the same, and there is little difference in handling fees.
The transfer fee will also change regularly, so if you have been using a service, please check the fee again.
For example, last year, in response to market competition, Western Union lowered the price of the whole Middle East, which helped to increase its trading volume. According to the data of the World Bank, at the beginning of 20 16, the cost of transferring from the United Arab Emirates to India through Western Union remittance was 1 0,820 dirhams, the advance payment was 20 dirhams, and the exchange rate was 2%. By the end of 20 18, the advance payment of 15 dirhams and the deposit of 0.93% will also be transferred.
"In the UAE, we are very consistent with the market. We do market research and then adjust the price accordingly.