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Outward Remittance
Product introduction
Outward Remittance is a settlement method in which the bank is entrusted by the remitter and remits a certain amount of money to the designated payee according to its requirements.There are mainly three types of T/T, M/T and D/D. At present, telegraphic transfer is mainly used, and bill transfer can also be used in Shenzhen-Hong Kong trade.The related parties of outward remittance business are: the remitter, the remitting bank, the remitting bank (paying bank) and the payee.
Product features
The procedure of bank remittance is simple, low cost, fast speed and high security.Our bank provides a variety of fast and convenient outward remittance tools according to the customer's remittance instructions.Remit customers' money safely and quickly to foreign designated payees, and provide customers with a wide range of service networks and tracking and inquiry services.When dealing with remittance, we design the most direct and fastest remittance path for customers to save the intermediate cost of remittance.To ensure the safe and fast arrival of customer funds.
Business process

1. The customer shall fill in the application form for outward remittance, prepare sufficient funds for outward remittance, and provide the remittance information as required by the foreign exchange Bureau.

2. The branch of our bank accepts, reviews the remittance information, deducts the customer's account, and submits the business through the settlement system

3. Through the advanced and fast SWIFT system or the Shenzhen-Hong Kong real-time foreign currency payment system,Choose the most direct, fast and economical way to remit money in real time and arrive at the account immediately.

Special services for outward remittance

1. Shenzhen and Hong Kong Foreign Currency Real-time Payment (RTGS) The foreign currency real-time payment system (RTGS) of the Financial Electronic Settlement Center can be used for the remittance of Hong Kong dollars and US dollars under the trade between Shenzhen and Hong Kong.The transfer of funds is zero in transit, and the funds arrive at the account instantly. It is characterized by full liquidation of funds and real-time account arrival;Has the advantages of quickness, convenience, safety and low cost.

2. Fast track for outward remittance This service is specially set up for VIP customers of our bank and is handled through SWIFT to save data transmission time.Ensure that customer funds arrive immediately and quickly.

3. GPI remittance The service is to provide business priority for customer remittance, tracking and feedback throughout the transaction, and transparent charges for account banks and intermediary banks.A series of payment and settlement services such as complete transmission of remittance information.

4. Email notification of USD outward remittance After the USD account bank of our bank has handled the USD remittance,The clearing system of the account bank will send an e-mail to inform the processing of the business.During operation, in the column of "Remittance Purpose and Remarks" on the application form for outward remittance,Fill in the EMAIL address of the person to be notified (remitter or payee).

5. The full amount of USD is received. Foreign currency remittances generally need to go through 1-2 clearing banks, which will deduct their own fees directly from each remittance fund.Therefore, the amount of a remittance will be reduced when it is sent from the remitting bank through the clearing bank to the receiving bank.The function of "USD full amount to account" remittance is based on the agreement between our bank and the clearing bank.To ensure that the remittance can reach the paying bank in full, the fees of the clearing bank will be deducted from our bank's account according to the amount agreed in advance.To be borne by the remitter. During operation, in the column of "Remittance Purpose and Remarks" on the application form for outward remittance, fill in "Full amount to account".Expenses deducted from the account of the outward remitter.

6. One Parkway Customers with this function only need to open a US dollar account in Ping An Bank to handle the exchange and payment business of 100 currencies around the world.Provide assistance for enterprises to open up global markets.

7. Real-time account arrival of North-South Link Through this function, customers can realize the cross-border transfer of US dollars and Hong Kong dollars between customers of Hong Kong Branch of our bank, and the remittance transactions can be received in real time.At the same time, it reduces the cost of customer payment and settlement.