Industrial and Commercial Bank of China remits money to Hongkong and Shanghai Banking Corporation, and charges a cable fee for each remittance. The price is 80 yuan, and the handling fee for each remittance is 1% exchange rate. The minimum amount is 50 yuan and the maximum amount is 260 yuan. If you remit money to ICBC in Hong Kong, you can waive the telegram fee, and the handling fee is only 0.5% for each transaction.
If you remit money from China Bank to Hongkong and Shanghai Banking Corporation, you need to charge a telegram fee from 80 yuan for each remittance. Handling fee per transaction 1%, with the minimum amount of 50 yuan and the maximum amount of 260 yuan.
Because it is an inter-bank remittance, there is a cable fee and handling fee for each remittance.
In addition to ICBC and BOC, there are several banks with low exchange rates, which can be found out:
1. AliPay Remittance to Bank: 50 yuan for each handling fee, no need to overcharge the telegram fee, which is the first choice of many banks;
2. China Postal Savings Bank: 0.8% for each handling fee, with the lowest 20 yuan and the highest 200 yuan, and the telegraph fee of 70 yuan;
3. Agricultural Bank of China: 1% is charged for each handling fee, with the lowest 20 yuan and the highest 200 yuan, and the cable fee is charged for each 80 yuan;
4. China Construction Bank: 1% for each handling fee, with the lowest 50 yuan and the highest 1 1,000 yuan, and 1 1,000 yuan for each telegram;
5. Huaxia Bank: each handling fee is 1%, with the lowest 20 yuan and the highest 200 yuan, and no cable fee is charged.
Among these remittance methods, Alipay on UnionPay is more cost-effective, so I suggest you take Alipay on UnionPay for remittance.
Friendly reminder: remittance fees are charged by the transaction, and there will be some transfer fees from overseas banks for cross-bank wire transfer. I suggest you try to choose cross-border remittance from your peers, and remit more than one time. In case of huge redemption, China Industrial and Commercial Bank of China Wealth Management Co., Ltd. will temporarily stop accepting customers' application for subscription and redemption, and China Industrial and Commercial Bank of China Wealth Management Co., Ltd. will release relevant information through the website of China Industrial and Commercial Bank of China or relevant business outlets of China Industrial and Commercial Bank of China at the latest next working day.