Taking China Merchants Bank as an example and domestic individuals as an example, the requirements for cross-border remittance of online banking by domestic residents are as follows:
1. When the remitter is a domestic individual, the overseas payee is limited to individuals, schools, charities and travel agencies. , and cannot be a trading company or a securities company;
2. Both the single and daily cumulative limit are equivalent to $50,000;
Please remit money in cash. If you use cash, you should pay attention to the local remittance fee.
4. In addition to bank charges, overseas intermediary banks and receiving banks may charge extra fees, and the money may not be received in full.
Extended data:
1. Ways of remittance abroad:
(1) Personal Payment Person/Company: Generally speaking, domestic individuals cannot remit US dollars abroad. If necessary, they usually send money through PayPal or Western Union. The remittance limit of Western Union is 9000 dollars, and paypal is a foreign company, so it can be paid.
(2) Company Payment Company: This depends on whether you have a domestic enterprise account or a offshore account account.
1, domestic enterprise account: prerequisite, you have the right to import and export, and then you need to apply and submit various materials. There seems to be no online banking operation at present, so it must be handled at the counter. More troublesome.
2. offshore account: Both traditional offshore and new electronic offshore can be operated, and it is more convenient. You can apply for transfer directly online and submit PI. No materials such as counter handling are required. Compared with the traditional offshore payment, our advantage is that we have an additional function to settle H into RMB.
(3) Companies pay individuals: This is not allowed by some banks, mainly for fear of tax evasion/money laundering.
There are several things to do in the bank: salary and commission.
Second, the common problems of overseas remittance
1, cash and cash can be remitted abroad, but cash remittance requires a conversion fee;
2. When sending money abroad, you need to know the other party's name, country code, bank and other information;
3. China's remittance amount to foreign countries is 50,000 dollars per person per year, and the handling fee is one thousandth, ranging from 20 yuan to 250 yuan. There is also a cable fee, such as 150 dollars.
4. When the account arrives at different times, the Western Union remittance will arrive at the account in 10 minutes;
5. The payee's bank has opened a settlement center.
Remittance handling fee: The handling fee charged by the four major banks is 0.5% of the remittance amount, ranging from the lowest 2 yuan to the highest 50 yuan exchange rate of 0.5%, from the lowest 5 yuan to the highest 50 yuan.
Foreign currency is required for overseas remittance, and foreign currency needs to be exchanged before remittance.