RMB Direct Remittance

What is RMB Direct Remittance?

Remitting RMB is now easier like never before with the RMB Direct Remittance! With your BOC account in Thailand, you can now remit RMB directly to your BOC account in Mainland China. As long as you are an existing BOCT payroll customer, you can remit up to your previous full year's salary to BOC personal account in Mainland China.

How does RMB Direct Remittance work?

RMB Direct Remittance is performed via Global Payment Innovative (GPI) with the following process:

  • Priority Processing: The receiving banks will take priority in processing remittance via GPI.
  • Payment Notification: Customer can get remitting status notification from the bank
  • Service Fees: The remitting bank will inform on the service fee for every successful transaction

How is RMB Direct Remittance different from RMB Pre-Settlement Remittance?

With RMB Direct Remittance, you can remit RMB from your account in Thailand directly into another BOC account in Mainland China without the need of converting the currency.

For remittance via RMB Pre-Settlement, you will have to convert THB or USD to RMB prior to the remittance.

Qualifications

  1. A Chinese National with People's Republic of China Passport who has BOC account in China
  2. Existing BOCT payroll customer

Required documents

  1. Copy of People's Republic of China Passport.
  2. Proof of salary issued by company.