BOC proposes a wide range of transfer options for personal clients in China, including:
Inward Remittance Services
- Telegraphic Transfers (Wire Transfers): Customers can receive funds from any part of the world directly into their Bank of China (Canada) account. To facilitate this, remitters should provide the following details: Beneficiary's name and address, account number, SWIFT code (BKCHCATT), and the name and address of the paying bank (Bank of China, Canada, XXXX Branch).
- Demand Drafts: Issued by Bank of China branches in China, demand drafts can be encashed or credited at Bank of China (Canada) branches. The beneficiary's name is printed on the draft, minimizing the risk associated with loss. Encashment incurs a fee of CAD 25.00, while crediting is free of charge.
Outward Remittance Services
- Telegraphic Transfers (Wire Transfers): Customers can initiate wire transfers from their Bank of China (Canada) accounts to beneficiaries worldwide. The bank's extensive correspondent network ensures that funds are transferred securely and efficiently.
- Foreign Currency Exchange: Prior to remittance, customers can convert their funds into the desired currency through the bank's foreign exchange services, ensuring competitive rates and timely transactions.
Digital Banking for Remittance
- Online Banking: Bank of China (Canada) provides online banking services that allow customers to manage their remittance transactions conveniently. Through the online platform, users can initiate transfers, track their status, and access transaction histories.
- Mobile Banking: The bank's mobile banking app offers on-the-go access to remittance services, enabling customers to send money, check exchange rates, and manage their accounts from their smartphones.
Security and Support
- Robust Security Measures: Bank of China (Canada) employs advanced security protocols, including encryption technologies and multi-factor authentication, to protect customers' personal and financial information during remittance transactions.
- Customer Support: Dedicated customer service teams are available to assist with any inquiries or issues related to remittance services. Customers can contact the bank via phone or email for prompt and professional assistance.