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Overseas remittance steps
The remittance procedure is very simple. Just fill in the wire transfer application form at the bank counter like RMB, and fill it out accurately in English.

1. Remittance currency and amount (Arabic numerals)

2. Name and address of payee

3. The payee's account number in the deposit bank.

4. The name, SWIFT code or address of the payee's bank.

It is suggested to choose China Bank, because China's specialized foreign exchange banks have 582 overseas branches in 26 countries and regions, international settlement centers in new york, London, Frankfurt and Tokyo, and correspondent bank relationships in major countries and regions around the world, so the remittance path is the best. Remittance banks should choose branches of China Bank or overseas banks that have direct account relationship with them to save job-hopping costs.

Bank of China remits $2,000 in cash, 10000 in cash or equivalent in other free currencies (inclusive). You only need to fill in one of the purposes, and if it exceeds the amount, you must have the relevant certificate of safe. The handling fee is generally 200 yuan RMB per transaction, and some BOC do not charge remittance fees. At the same time, don't forget to leave your contact information and keep the remittance receipt, so that you can contact in time when there is a problem with remittance.

Cross-border remittance refers to the foreign exchange remittance business of individual online banking customers to the payee who opens an account in a bank outside the mainland within the prescribed limit. Cross-border remittance has both telecom fees and handling fees, which is time-consuming to operate.

As the handling fee for cross-border remittance generally has a maximum amount, it is suggested to increase the amount of a single remittance as much as possible within the maximum amount to reduce the number of remittances and save the telegraph fee for each remittance.

Editing and Playing of Cross-border Remittance Mode

cash

International students studying abroad should bring a certain amount of foreign currency cash, which is mainly used for living expenses and small emergency expenses in the early stage. The State Administration of Foreign Exchange has relevant regulations on the amount of foreign currency that can be carried at one time. Those who exceed the quota must apply for an exit permit to carry foreign currency and show it to the customs on their own initiative when leaving the country. Foreign currency exit permits can be handled in banks, and the handling fee for each permit is about RMB 10 yuan. Carrying cash can be used for payment immediately, with low cost, but it is neither convenient nor safe. Once the cash is lost or stolen, it cannot be compensated. Therefore, in addition to carrying a small amount of cash, it is best to send large amounts of foreign currency by remittance.

telegraphic transfer

When remitting money to children who are about to study abroad or have already been abroad, most people first think of telegraphic transfer, that is, directly remit money to the payee's account through the international interbank telecommunication system. Wire transfer has many currencies, is safe, fast and universal, and can be directly remitted to the payee's account, but the cost is relatively high, which is more suitable for customers who already know the payee's name, account number and bank information and have high requirements on the time and security of remittance arrival.

Generally speaking, the cost of telegraphic transfer is divided into two parts, one is related to the amount of telegraphic transfer, that is, the handling fee of 1‰, and the other is not related to the amount of remittance, but related to the number of transactions, that is, a telecommunication fee is charged for each remittance. There is a big difference in fees charged by different banks, so customers can make a good comparison when choosing remittance banks. It should be noted that remittance is deducted by the intermediary bank, and it is impossible to predict the amount of deduction during the remittance process, which may lead to insufficient payment of tuition fees or study abroad deposit remittance, which may affect visa application or registration. So try to remit as much as possible. Because there is generally the highest remittance fee, the more remittances each time, the more cost-effective. Therefore, if you have the conditions, it is recommended to remit more money at one time, not too many times, otherwise you need to pay a lot of procedures. [ 1]

Foreign currency bill

For studying abroad for the first time, those who have no overseas account and carry a large amount of foreign currency funds can use foreign currency drafts.

Personal foreign currency bills can be issued in all foreign currency savings currencies opened by banks. Foreign currency bills are convenient and safe to carry and pay, and the handling fee is low, which can be reported and refunded.

However, this method has an obvious disadvantage, that is, the speed of fund arrival is slow, because the draft needs to be collected for overseas withdrawal, and the arrival time must meet the requirements of overseas accepting banks. Therefore, people with plenty of time can choose this way.

traveler's checks / traveller's cheque

In Europe and America, traveler's checks are as widely used as cash, which can be used for shopping, dining and paying insurance premiums. Traveler's checks have the characteristics of cash and money orders, so they are flexible and convenient to use. Traveler's checks also have some disadvantages: if they are not exchanged at a free exchange point, they may have to pay a certain fee; In domestic banks, you have to pay a certain handling fee, which is generally 65438+ 0% of the face value, and the top is not capped. In addition, in some economically underdeveloped countries or regions, direct consumption may not accept traveler's checks, so you should consult clearly before choosing to use them.

credit card

Major domestic banks have launched international credit cards, either with both RMB and specific foreign currency accounts, or with special single foreign currency accounts, which can be used abroad. Some banks have also specially launched credit cards for international students, which can basically provide rich currency options for major countries and regions studying abroad. Therefore, if you need to carry more foreign currency funds, you can consider depositing part of it into a credit card. However, it usually takes some time to apply for a credit card, so you should apply in advance.