Outward Remittance

Introduction

It is a way of settlement where our bank, according to the remitter's instructions, remits money to the offshore or onshore payee via telecommunications.

Scope of application

Unit customers with foreign exchange receipt and payment needs.

Features

· Effectively save remittance costs and reduce transit fees.

· Real-time personal notification when the money is remitted to the designated account, which allows you to keep up with the movement of your funds.

· Provide professional assistance for foreign exchange receipt and payment reporting and reduce the complicated deskwork.

Procedures

1. Customers submit remittance applications and other application documents.

2. Our bank goes through the internal examination and approval procedures for the accepted businesses.

3. Our bank chooses the paying banks according to the remittance applications completed by customers and make outward payments.

(Note: For details, please call 961 111 or come to the nearby GRCB outlet.)