China

Bank account

TYPE	DESCRIPTION
Area availability	Available across China
Service type	B2B
Currency	CNY
Payout channel	Bank Transfer
Transaction turnaround time	Within 15 minutes available 24x7
Transaction limit	Minimum limit per transaction: CNY 1.00 Maximum limit per transaction: CNY 500,000.00 *Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Amount received	Beneficiary received net amount as specified by sender.
Maximum number of beneficiaries	No limit
Validation	The beneficiary name must be provided in Chinese characters.
Service charge	The transaction fee will be refunded on a best-effort basis after the transaction is accepted by gloRemit and forwarded to the payout channel.
Cancellation	Cancellation is on a best-effort basis.
Remarks	Important notes a) The name must follow the correct sequence. Full name = 张三丰 bFirstName = 张 bLastName = 三丰 * As an alternative, the full name may be provided solely in bFirstName. b) The Beneficiary Name and Transaction Reference (BankCity) must be provided in Simplified Chinese c) Beneficiary ID (bIDNum) is mandatory. d) BankBranchCode is Mandatory. Refer here to view the Bank Branch Code. e) BankBranchName is mandatory and must be provided as the delivery company name f) bProvinceCode is mandatory and must be provided as the delivery code. If no delivery code is available, please pass the invoice number instead. g) BankCity is mandatory and must be provided as the transaction reference Format as below: * Formats need to be like (境内/境外平台+平台名称/公司名称+货物类别) in Chinese. Example: 境内平台支付宝服饰. h) For China B2B transactions, the transaction reference must exclude the suffix “有限公司” from the company name. If the beneficiary company name contains “有限公司”, it must be removed when populating the transaction reference field. Format as below: *Correct:境外平台艾比西玩具 *Incorrect:境外平台艾比西有限公司玩具 i) The only accepted purpose code is 06000 (Trade related) j) bEmail is mandatory as the delivery method. Please pass the value as specified below • pass "1" – by sea • pass "2" – by air • pass "3" – by land k) Supporting documents are mandatory for all transactions • invoice • contract or agreement • bill of lading Other Remarks If the invoice amount exceeds CNY 500,000, the RSP may split it into multiple transactions by adding sequential suffixes (e.g., -001, -002) to the invoice number.
Do_Transfer bAccType Value	1

Supported bank

NO	NAME	ISSUER CODE
1	China B2B Bank	8600711