Second, choose a bank. It is suggested to choose "China Bank" for remittance.
If you use a company account to remit international remittance, you need to open a foreign currency account in a bank, fill out an application for foreign exchange purchase and international remittance, and affix the financial seal and legal person seal. Relevant contracts, invoices or agreements are required to prove the purpose of remittance.
If you use a personal account to remit international remittances, you also need to open a personal all-in-one account in the bank (both in local and foreign currencies). At present, an individual international remittance cannot exceed $50,000. If it exceeds the upper limit, relevant certification materials need to be provided. Personal international remittance is simpler. Open a personal account and fill in the application for foreign exchange purchase and international remittance. Just provide your ID card.
For international remittance of the above two accounts, the payee's bank name, SWIFT code, payee's account number, payee's name and other information shall be provided. If you remit money to European countries, you need IBAN.