RMB Pre-Settlement Remittance is a service provided by Bank of China for individuals who wish to remit Chinese Yuan (CNY), also known as Renminbi (RMB). The remittance is payable in THB, USD and received by the payee in RMB based on the prevailing exchange rate.

1. Know the exactly exchange rate on day of remitting
2. Faster transaction, funds are transferred in a quick manner to the payee who is an account holder of Bank of China.
3. Decrease the risk of currency conversation rate, the payee receives the funds in RMB as remitted without any further exchange transaction.
4. USD and THB currency for remittance

1. Remitter can be any individual who has BOCT account
2. Due to the regulation of State Administration of Foreign Exchange in China, an annual limit of USD50, 000 equivalents in RMB is set for the individual's exchange settlement amount. Please make sure your payee fulfill the regulation requirement before remittance can take place*
3. Payee must be Chinese people who have Chinese ID card (ID card must be 18 digits)

When submitting the remittance application form, the remitter shall provide personal particulars and the payee's information as follows:

- Payee's Name, contact number, 18-digit Chinese ID number, account number

- Name and address of beneficiary bank or swift code

- Remittance amount

If the payee has reached the above-mentioned annual limit of exchange settlement, the remittance transaction will be unsuccessful and correspondent banks in China will refund to the remitter which may cause the individual to undertake exchange risk.

Clause marked * is regulated by the State Administration of Foreign Exchange of China.