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Current Location >> Personal Banking>> Banking Services>> Transfer Services>> Remittance Services

Bank of Communications sincerely provides you with great diversity and most convenient of remittance services, fulfilling your personal needs

Remittance Services

With our worldwide correspondent banks network, we offer you a full array of remittance services. You can select to use "Fast Transfer", "Telegraphic Transfer" or "Demand Draft" to remit your payments. It is convenient.

Product Feature

    Inward Remittance


    Fast receive

    When we receive payment instructions from our Mainland branches through our internal business network, funds will be credited to your account immediately after verification. (Friendly Reminder: The remitter of Fast Receive should be a company that maintains an account with one of our Mainland branches.)


    Telegraphic Transfer

    When we receive funds from the remitting bank and their valid T/T payment order, upon verification, we will deposit the amount into the instructed account on the value date. We shall then send a credit advice to you for your record. (Friendly Reminder: It will be more safe and reliable to remit funds by T/T)


    Demand Draft

    We also provide demand draft deposit service. If you receive demand drafts payable to yourself that are drawn on us, you may deposit them into your account. Upon verification, we will pay the amount into your account.

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    Outward Remittance


    Fast Transfer

    Our customers can remit funds by Fast Transfer to a company's account with our Mainland branches. Payment instructions which comply with the requirements of Fast Transfer will be sent through our internal business network. After verification based on the Foreign Exchange Regulations Policy and the beneficiary's information, funds will be transferred immediately (Friendly Reminder: Handling charge for Fast Transfer is lower and faster than that of T/T)


    Cutoff Time for Fast Transfer:

    Monday to Friday : 2:00PM
    Saturday & Mainland Holidays : No Services


    Requirements of Fast Transfer:

    • Both of the beneficiary and remitter should maintain an account with our local branch or sub-branches and one of our Mainland branches;
    • The beneficiary should be a company ;
    • The beneficiary's account number should be 21 digit;
    • Remittance currency should be either HKD, USD.


    Telegraphic Transfer

    By means of SWIFT (Society for Worldwide Interbank Financial Telecommunications), funds will be transferred swiftly and safely through our mainland and international branches and correspondence banks network to the paying bank for the beneficiary. (Friendly Reminder: It will be more safe and reliable to remit funds by T/T)


    Cutoff Time for T/T Note

    Monday to Friday : 4:00PM
    Applications received on Mon - Fri after the cutoff time and Sat will be processed on the next working day.

    Cutoff Time for RMB Outward T/T
    Monday to Friday: 2:00pm
    Saturday & Mainland Holidays: No Service

    Regarding the Usage of Remittance Services and the List of our Principal Correspondents, please click here

    Cutoff Time for RMB Outward T/T:

    Monday to Friday : 2:00PM
    Saturday & Mainland Holidays : No Services


    Requirements for RMB Outward T/T

    • The remitter must have a RMB account with us;
    • The remitter and the beneficiary should be in the same name;
    • Credit to the Beneficiary's account in the mainland;
    • Maximum aggregate amount per person per day: RMB80,000.


    Demand Draft

    Upon your application, we will issue a demand draft made payable to the beneficiary. Beneficiary can present the demand draft to the paying bank for funds or deposit the demand draft into his/her bank account for collection (Friendly reminder: Handling charge for D/D is lower than that of T/T)

    Oversea bank fund transfer and Local bank fund transfer is available in our Internet Banking.

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    For enquiries, please visit any of our outlets or call our customer service hotline.

    Contact Us

    Customer Service Hotline: 223 95559

    Please visit any of our outlets