If you want to remit domestic income abroad, you need to purchase foreign exchange and cross-border remittance.
Purchase of foreign exchange: You need to ensure that the purchased RMB comes from the legitimate income in China, provide relevant materials for the transaction amount to prove that you have a true and compliant RMB source, and go to the counter of the business outlet of Bank of China to purchase foreign exchange with your valid ID card and relevant supporting materials specified by the People's Bank of China.
Cross-border remittance business: Remittances of less than USD 50,000 (inclusive) on the same day can be handled directly with valid identity documents, including online channels such as mobile banking and personal online banking, as well as business outlets and smart counters. Remittances with a cumulative amount of more than USD 50,000 on that day need to be handled at the counter of the business hall of China Bank, and valid identity documents and the Tax Filing Form for Foreign Payment of Service Trade stamped by the local competent tax authorities are required.
Remittance business of remittance company: You can handle MoneyMoney remittance business through the counter of China Bank branch with valid identity documents designated by the People's Bank of China, and the maximum single amount is equivalent to US$ 6,543,800+0,000 (some countries or regions have special restrictions on the amount of money received, which may be lower than this standard).
For information about entrusting others to handle requirements, please consult our business outlets in detail.
The above contents are for your reference. Please refer to the actual business regulations.
If you have any questions, please contact online customer service of Bank of China.
You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.