Remittance Wiki

Want to know how to send money from China to the US? This hands-on guide walks you through completing a remittance using the Bank of China mobile app, covering recipient information preparation, fee details, operational steps, and key notes to help you easily handle cross-border transfers.

Want to know how to convert cash foreign currency to remittance currency at Bank of China? The 2025 tested tutorial is here! Simply log into the mobile banking app, go to “Foreign Exchange Settlement and Purchase - Foreign Currency Exchange”, set both buy and sell currencies to the same foreign currency type as cash and remittance respectively, to complete the 1:1 real-time conversion with no handling fees or exchange rate losses.

Planning to handle Bank of China cash to remittance transactions? In 2025, the bank has not yet implemented 'cash-remittance parity,' still charging spread fees. This article details its cost calculations, process, and compares wire transfer fees and services of ICBC, CCB, and other parity banks to help you choose the most cost-effective option.

Wondering which way to convert RMB to USD is more cost-effective? This in-depth review reveals: although online platforms charge service fees, their superior exchange rates usually result in lower overall costs compared to banks. For users prioritizing value and efficiency, online platforms are the top choice; if you highly value the security of traditional channels, banks remain a reliable option.

Planning to send money from overseas to China? This guide compares bank wire transfers and online platforms for RMB exchange in detail. Learn about exchange rate costs, fees, the $50,000 annual limit, and receiving procedures to help you choose the fastest and cheapest option based on your transfer amount.

Planning to convert USD to CNY in 2025? Market consensus expects the USD/CNY exchange rate to fluctuate bidirectionally between 6.95 and 7.35 throughout the year, with the overall center of gravity shifting mildly lower. This article provides in-depth analysis of Fed rate cuts and China-US economic fundamentals, offering practical strategies such as batch conversions and seizing high-rate windows for international students, investors, and exporters/importers.

Want to know which app sends USD to CNY the fastest? Thanks to its partnerships with WeChat Pay and Alipay, Xoom can arrive in as little as one minute. This article deeply compares Xoom, Wise, and Remitly on speed, fees, and security to help you find the most suitable remittance solution.

Clear answer to 'How to fill recipient address when wiring to a Hong Kong account': Use English only and follow the exact order “Flat/Room, Floor, Floor, Building, Street Number, District, Hong Kong”. Address must exactly match bank records. Hong Kong has no postal code — use 0000 if required. This is the key to avoiding failed transfers.

When foreigners remit money to China, the recipient must provide valid identification documents (such as ID card or passport) to complete real-name verification. This is a mandatory requirement to comply with foreign exchange management and anti-money laundering regulations, applicable to all receiving methods including bank wire transfers, Alipay, WeChat, etc.