How to remit money from abroad to China?

1, bank remittance-telegraphic transfer

Different countries and different banks have different policies, such as fee collection and exchange rate differences. You can compare yourself and see which one is the most cost-effective.

General banks can handle various remittance services, such as bill remittance, wire transfer, debit card, credit card and so on. Among them, wire transfer is the most common, and it is also a cross-border remittance service generally supported by major banks at present. It usually takes 3-5 days to remit money in this way, and there may be a delay in some cases (such as holidays). In terms of fees, the bank will charge the remitter's fee, telegram fee, transfer fee and other fees according to the remittance amount; However, due to the upper limit of the handling fee algorithm (the percentage is charged below the upper limit, and only the upper limit handling fee is charged above the upper limit), when the remittance amount is large, telegraphic transfer will be more favorable than other remittance methods.

Wire transfer needs to go to the bank counter to fill in the wire transfer application form, and the information includes:

1, remittance currency and amount (Arabic numerals)

2. Name and address of payee

3. Account number of the payee in the bank.

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

2. Western Union, a traditional remittance company

Western Union remittance is a well-known offline remittance method. It has the largest electronic remittance financial network in the world and has reached cooperation with more than a dozen domestic banks.

Compared with bank remittance, the biggest advantage of Western Union remittance is that it covers more than100000 agency outlets in nearly 200 countries and regions around the world, which reduces the time for people to queue up at banks to handle business. However, there is a limit on the amount of money sent and received by Western Union, so it is not recommended to use Western Union if it is a large remittance, which is a bit troublesome to operate. In addition, Western Union also adopts the method of grading fees. According to the increase of remittance amount, the handling fee will increase accordingly, which has no obvious advantage compared with banks. Of course, apart from Western Union, moneygram, PayPal/Xoom and Midpoint are also well-known traditional remittance companies.

Remittance process of western outlets:

1. Go to Western Union Remittance Cooperation Network and fill in the "Money Order".

2. Submit the completed form, payment, remittance fee and personal identification documents.

3. After the remittance is completed, you will receive a receipt printed with money transfer control number (MTCN).

4. Tell the payee your name, remittance amount, MTCN and remittance destination country/region.

3. Online remittance company-Kaixinhui

With the development of electronic mobile payment, online remittance is becoming more and more popular. Different from offline channels such as banks and Western Union, online remittance companies such as Kaixinhui directly remove the transfer link and directly connect the remitter and the payee. As long as your account is verified by real-name authentication, you can easily complete remittance on your mobile phone.

Because there is no need to set up offline outlets, the cost of offline operation and maintenance of such online remittance companies is much less, which is why online remittance is much cheaper in handling fees. For example, Kaixinhui currently adopts the mode of single charge, and the handling fee within the limit is fixed. Take Kaixinhui USA as an example, the limit of a single transaction is $65,438+$00 ~ $2,995. Within this range, a single transaction only charges $2.99, and the number of remittances per day can be unlimited. It can be said that as long as it is not a particularly large amount, using Happy Remittance is the most affordable at present.

Information required for online remittance of Kaixinhui:

1, country+China mobile phone number (required when registering)

2. Payee's ID card: Chinese mainland second-generation ID card.

3. Bank card: the remitter must hold a debit card (debit card)/credit card issued by the bank in the host country; The payee can use any debit card issued by more than 230 major banks in Chinese mainland, and credit card payment is not supported at present.