Bank of China (Hong Kong) Limited (“BOCHK”) understands customers’ needs of wealth management in being more diversified and internationalized. Therefore, specially provides a comprehensive range of cross-border financial services that enable customers  taking full advantage of grasping investment opportunities in different places.

All BOCHK personal customers can enjoy remittance handling fee waiver by conducting remittance to/from their own accounts within Bank of China in the mainland and other countries/regions. 

*Subject to Terms and Conditions.  For details, please refer to the Terms and Conditions below.

Terms & Conditions: 

1. The above handling fee waiver of remittance services is only applicable to personal customers of Bank of China (Hong Kong) Limited ("BOCHK")  (“Selected Customers”). 

2. Selected customers who have satisfied all of the below remittance transactions conditions are eligible to enjoy the handling fee waiver:

a.   Outward Remittance:

• Must be submitted and completed via Internet Banking and/or Mobile Banking of BOCHK, and
• Can be any of the currencies available for remittance on the Internet Banking and/or Mobile Banking, and
• Beneficiary’s name must be same as the ordering customer, and
• Beneficiary’s bank is (a) a branch/sub‐branch of Bank of China Limited (“BOC”) in the mainland, (b) a BOC branch/subsidiary bank in any region/country outside mainland (e.g. Macau, Taiwan, U.S.A.), or (c) a BOCHK branch/subsidiary bank outside Hong Kong (e.g. Thailand, Brunei). (Applicable to Telegraphic Transfer :Must identify beneficiary bank by 11 character SWIFT BIC address starting with BKCH or the CNAPS No. on the application of remittance. Applicable to BOC Remittance Plus: Must select Bank of China as beneficiary bank.)

b.   Inward Remittance:

• Remitter’s name must be same as the Customer (Beneficiary), and
• Remitting bank is (a) a BOC branch/sub‐branch in the mainland, (b) a BOC branch/subsidiary bank in any region/country outside the mainland (e.g. Macau, Taiwan, U.S.A.), or (c) a BOCHK branch /subsidiary bank outside Hong Kong (e.g. Thailand, Brunei).

3. The handling fee waiver is applicable to basic handling fee/charge of the above transaction. Any other incurred fees & charges, such as correspondent bank charges, and fees & charges to be collected from other parties are not part of the offer. 

4. The above mentioned products, services and offers are subject to relevant terms and conditions. For details, please refer to relevant promotional materials or contact the branch staff of BOCHK. 

5. BOCHK reserves the right to amend, suspend or terminate the above products, services and offers, and to amend the relevant terms at any time at its sole discretion. 

6. In case of any dispute, the decision of BOCHK shall be final. 

7. Should there be any discrepancy between the English and Chinese versions of this promotion material, the Chinese version shall prevail. 

At Bank of China (Hong Kong) Limited (“BOCHK”), we always strive to provide our customers with innovative and convenient banking services. To cope with the increasing need for frequent small-value payments (such as living expenses and bill payments) of our customers who travel frequently between Hong Kong and the Mainland (especially the Greater Bay Area), BoC Pay offers easy and convenient options for remittance services. Now, BOCHK customers can link their banking account with BoC Pay to enjoy cross-border financial and remittance services.

Advantage 1：Fast Settlement

• Submit a transfer in a few steps with BoC Pay. Once the transfer is completed, the settlement will be done in just a short while¹.

Advantage 2：Transfer to Yourself or to Others

• Transfer money to your own UnionPay card or others’ UnionPay cards issued by banks in mainland China. ².

Advantage 3：Transfer to Bank of China or Other Banks

• Other than transferring money to Bank of China in mainland China, BoC Pay Cross-border Remittance also supports transferring money to other cooperating banks in mainland China. List of cooperating banks can be found under 「Help」in BoC Pay app.

Advantage 4：Auto Currency Exchange

• With BoC Pay Cross-border Remittance, you can transfer HKD and the recipient will receive RMB. Currency Exchange³ will be done automatically.

Advantage 5：Available 365 Days a Year

• BoC Pay Cross-border Remittance is a fund transfer service on BoC Pay app that is available 365 days a year.

Terms and conditions apply. For details, please refer to related Terms & Conditions on BoC Pay app.

Remarks：

¹The exact timing of crediting funds to recipient's account will be subject to the operations of the recipient bank.

²Beneficiary must hold People's Republic of China resident identity card.

³Exchange Rate is provided by UnionPay International Co. Ltd.

General Terms and Conditions:

1. All information and images are for reference only. All matters and disputes will be subject to the final decision of BOCHK and/or BOC Credit Card (International) Limited (“BOC Credit Card”).
2. Customers are responsible for the data charges of using BOCHK Mobile Application or Mobile Banking imposed by their service providers.
3. The above products, services and offers are subject to the conditions for Services of the Bank and the terms and conditions for BoC Pay. For details, please refer to the relevant promotion materials, or contact the relevant merchants or staff of BOCHK.
4. BOCHK and/or the Card Company and the relevant merchants reserve the right to change, suspend or terminate the terms and conditions at its sole discretion.
5. In case of any dispute, the decision of BOCHK and/or the Card Company and the relevant merchants shall be final.
6. The conditions herein contained are written in English and Chinese. In the case of conflict, the Chinese version shall prevail.

Bank of China (Hong Kong) Limited (“BOCHK”)’s RMB Cross border Salary Direct Remittance (“Salary Direct Remittance”)  makes it easier for Mainland Chinese who are working in Hong Kong to remit their salary back to the Bank of China Limited (“BOC”) account.

Advantage 1: Multiple Service Channels

• Customer can submit the application via any of the designated branches click here for branch list

• Customer who have taken up BOCHK Payroll Service can conduct transaction via BOCHK Internet Banking and Mobile Banking

Advantage 2: Simple Process

• Customer can provide the latest bank statement/ passbook savings with the salary income proof AND latest tax demand note (for the recent year of assessment) OR income certificate (certificate from the employer)

• Customer who has taken up BOCHK Payroll Services (receiving their salary via the payroll account) (“Payroll customer”) can exempt from submission of income proof

 

Advantage 3: Handling Fee Waiver

• During the promotion period, the handling fees of the Salary Direct Remittance through branches or electronic channels are waived

Advantage 4: Professional RMB Services Extensive service channels for Foreign Currency Trading Services

• Customer can conveniently convert RMB via our branches or electronic channels and conduct Salary Direct Remittance with ease.  

Act Now! Switch Payroll Account at your Fingertip

Customer can enjoy a wide range of exclusive banking privilegs upon successful registration and use of BOCHK Payorll Services.  Click here for details

Personal Customer Service Hotline: (852) 3988 2388

*Terms of the promotion offers apply

Term and Conditions: 

1. The promotion period of RMB Cross border Salary Direct Remittance (“Salary Direct Remittance”) will be ended until further notice. 

2. Eligible customers may apply for the Salary Direct Remittance service under below service arrangements and conditions: 

• Personal customer in Bank of China (Hong Kong) Limited (“BOCHK”)

• Apply the Salary Direct Remittance service through the designated branch at BOCHK, or mobile banking or internet bankng.

• Remittance funds must be in Renminbi, and;

• Beneficiary's bank is a branch of Bank of China Limited (“BOC”) in the Mainland of China

*Mobile banking or internet bankng is only applicable to eligible customer who taken up BOCHK Payroll Services. 

3. During the Promotion Period, the waiver is only applicable to the basic handling fee/charge of the above transactions.  Any other incurred fees & charges (such as correspondent bank charges) and fees & charges to be collected from other parties are not part of the offer. 

4. For the BOCHK Payroll Service customers, the amount of remittance cannot exceed the earned salary in Hong Kong received through BOCHK payroll service and up to 12 times of the lastest monthly salary in BOCHK’s record .  As for the customers who have not yet taken up BOCHK Payroll Service, BOCHK shall request the customer to provide the income proof and indicated the monthly salary income proof. The maximum remittance amount of each salary direct remittance for both customer who taken up/ not yet take up BOCHK Payroll Services is RMB400,000.  BOCHK shall request the customer to provide extra income proof, and reserves the right to accept the transaction and the decision of BOCHK shall be final.

5. Eligible customers should clearly indicate to the staff of BOCHK that he/she is applying for this services and promotion when submitting the remittance application form.  Customer who conduct the remittance via mobile banking and internet banking should indicate the remittance purpose as “Salary Remit”. Otherwise, the usual handling fees and charges will be applicable to the remittance. 

6. Salary Direct Remittance service can remit to BOC account in Mainland of China under the same name of remitter or immediate family members.  If the remittance to BOC account in Mainland of China not under the same name of remitter,  BOCHK reserves the right to accept or reject the application and it is subject to the decision of BOC in the Mainland of China to accept the transaction.  In principle, those remittance  which not under the same name of remitter, the beneficiary account should be the immediate family members of the remitter (e.g. spouse, children, parents of the remitter) 

7. The above mentioned products, services and offers are subject to relevant terms and conditions. For details, please refer to relevant promotional materials or contact the branch staff of BOCHK. 

8. BOCHK reserves the right to amend, suspend or terminate the above products, services and offers, and to amend the relevant terms at its sole discretion. 

9. In case of any dispute, the decision of BOCHK shall be final. 

10. Should there be any discrepancy between the Chinese and English version, the Chinese version shall prevail. 

11. The promotional offer are available on a first-come-first served basis while stock lasts.

RMB Conversion Limitation Risk

RMB investments are subject to exchange ratefluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies. RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.

This promotion material does not constitute any offer, solicitation, recommendation, comment or guarantee to the purchase, subscription or sale of any investment product or service and it should not be considered as investment advice.

This promotion material is issued by BOCHK and the contents have not been reviewed by the Securities and Futures Commission of Hong Kong.