Docs

China

Bank Account

TypeDescription
Direct to Bank MethodDirect credit to bank account in US Dollar (USD).
Supported beneficiary account type – business only.
Supported sender type - business only.
Transaction Turnaround Time.T+0 China Banking day for transaction processed before 3.30pm (Mon-Fri) GMT +8
.T+1 China Banking day for transaction processed after 3.30pm (Mon- Fri) GMT +8
·Transaction status (000) will update at T+2 or T+3 China Banking day after cut off, and this status means transaction has been successfully forwarded to beneficiary bank.

For example, transaction sent before 3:30pm, transaction will process on the same day and may receive before 3:30pm. However, due to the cross-border payment to china, the transaction status will only be updated at T+2 or T+3 China Banking Day after cut off, and this mean transaction has been successfully forwarded to beneficiary bank.

Note: Transaction sent after cut off/ Saturday or Sunday / Public Holiday will only be processed on next China banking day.
Area availabilityChina nationwide
Validation / Verification Beneficiary name must be in PINYIN (Romanized Chinese).
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitUSD Payout:
Maximum per transaction USD 500,000
Minimum per transaction USD 15
Compliance accumulated limit USD 50,000.00 per day per beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit.
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis and may charge a cancellation fee.

Cancellation Fee:
If there is insufficient supporting documentation or the transaction is rejected by the recipient, the beneficiary bank may charge a cancellation fee. The cancellation fee and the amount of cancellation depends on the beneficiary bank.
RemarksMandatory Field:
1. Beneficiary Address.
2. Beneficiary name should be same as the registered name with the banks to avoid rejection from beneficiary bank.
Do_Transfer bAccType Value1

Supported bank

NoName Issuer Code
1 AGRICULTURAL BANK OF CHINA_USD (中国农业银行)8600641
2 ANSHAN CITY COMMERCIAL BANK_USD (鞍山市商业银行)8600642
3 BANK OF BEIJING_USD (北京银行)8600643
4 BANK OF CHANGSHA_USD (长沙银行)8600644
5 Bank of China_USD (中国银行)8600645
6 Chongqing Bank_USD (重庆银行)8600646
7 BANK OF COMMUNICATIONS_USD (交通银行)8600647
8 Bank of Gansu Co Ltd_USD （甘肃银行）8600648
9 BANK GUANGZHOU_USD (广州银行)8600649
10 BANK OF HANGZHOU_USD (杭州银行)8600650
11 Jiangsu Bank_USD (江苏银行)8600651
12 Jilin Bank_USD (吉林银行)8600652
13 BANK OF JINZHOU_USD (锦州银行)8600653
14 Bank of Kunlun_USD (昆仑银行)8600654
15 Bank of Liaoyang Co Ltd_USD （辽阳银行）8600655
16 BANK OF NANJING_USD (南京银行)8600656
17 BANK OF NINGBO_USD (宁波银行)8600657
18 BANK OF QINGDAO_USD (青岛银行)8600658
19 BANK OF SHANGHAI_USD (上海银行)8600659
20 Taizhou Bank_USD (台州银行)8600660
21 BANK OF WENZHOU_USD (温州银行)8600661
22 Bank of Yingkou_USD (营口银行)8600662
23 BEIJING RURAL COMMERCIAL BANK_USD (北京农村商业银行)8600663
24 CHINA BOHAI BANK_USD (渤海银行)8600664
25 CHINA CITIC BANK_USD (中信银行)8600665
26 CHINA CONSTRUCTION BANK_USD (中国建设银行)8600666
27 China Development Bank_USD （国家开发银行）8600667
28 CHINA EVERBRIGHT BANK_USD (中国光大银行)8600668
29 CHINA GUANGFA BANK_USD (广发银行)8600669
30 CHINA MERCHANTS BANK_USD (招商银行)8600670
31 CHINA MINSHENG BANK_USD (中国民生银行)8600671
32 CHINA ZHESHANG BANK_USD (浙商银行)8600672
33 Chongqing Rural Commercial Bank_USD (重庆农村商业银行)8600673
34 Citibank (China) Co Ltd_USD （花旗银行（中国）有限公司）8600674
35 Evergrowing Bank Co Ltd_USD （恒丰银行）8600675
36 Fubon Bank (China) Co Ltd_USD （富邦华一银行有限公司）8600676
37 Fujian Haixia Bank_USD (福建海峡银行)8600677
38 Guilin Bank_USD (桂林银行)8600678
39 Habib Bank Limited_USD (哈比银行有限公司）8600679
40 Hankou Bank_USD (汉口银行)8600680
41 HUA XIA BANK_USD (华夏银行)8600681
42 Huishang Bank_USD (徽商银行)8600682
43 INDUSTRIAL AND COMMERCIAL BANK CHINA_USD (中国工商银行)8600683
44 INDUSTRIAL BANK CO LTD_USD (兴业银行总行)8600684
45 Jiangsu Changshu Rural Commercial Bank_USD (江苏常熟农村商业银行)8600685
46 Jilin Rural Credit Cooperative Union_USD (吉林省农村信用社联合社)8600686
47 Jinan Rural Commercial Bank Co., Ltd_USD (济南市农村商业银行)8600687
48 Metropolitan Bank (China) Ltd_USD (首都银行（中国）有限公司)8600688
49 Nanyang Commercial Bank (China) Limited_USD (南洋商业银行（中国）有限公司)8600689
50 Ningbo Commerce Bank Corporation Ltd_USD (宁波通商银行)8600690
51 Ningbo Yinzhou Rural Cooperative bank_USD (宁波鄞州农村合作银行)8600691
52 PING AN BANK_USD (平安银行)8600692
53 POSTAL SAVINGS BANK OF CHINA_USD (中国邮政储蓄银行)8600693
54 SHANGHAI PUDONG DEVELOPMENT BANK_USD (上海浦东发展银行)8600694
55 SHANGHAI RURAL COMMERCIAL BANK_USD (上海农村商业银行)8600695
56 Shengjing Bank Co. Ltd_USD (盛京银行)8600696
57 The Agricultural Development Bank of China_USD (中国农业发展银行)8600697
58 The Bank of East Asia (China) Ltd_USD (东亚银行（中国）有限公司)8600698
59 The Export-Import Bank of China_USD (中国进出口银行)8600699
60 WEIHAI CITY COMMERCIAL BANK_USD (威海市商业银行)8600700
61 XIAMEN BANK_USD (厦门银行)8600701
62 Xiamen International Bank Co Ltd_USD (厦门国际银行)8600702
63 YANTAI BANK_USD (烟台银行)8600703
64 ZHEJIANG CHOUZHOU COMMERCIAL BANK_USD (浙江稠州商业银行)8600704
65 Zhejiang E-Commerce Bank Co Ltd_USD (浙江网商银行)8600705
66 Zhejiang Mintai Commercial Bank Co Ltd_USD (浙江民泰商业银行)8600706
67 Zhejiang Province Rural Credit Union_USD (浙江省农村信用社联合社)8600707
68 ZHEJIANG TAILONG COMMERCIAL BANK_USD (浙江泰隆商业银行)8600708
69 Zhongyuan Bank Co Ltd_USD (中原银行)8600709