Frequently Asked Questions

Inward Remittance

Inward Remittance Info
You should provide remitter your account info, include:

  1. Bank Name (e.g Bank of China (Hong Kong) Limited)
  2. Account Name and Account Number
  3. Bank of China Hong Kong Limited SWIFT code ( BKCHHKHHXXX)。
     

Service Charges
Inward Remittance charges please read our Remittance Service Charges Table.

Enquiry
A hardcopy advice will be printed on the following day of the remittance to your account and then mailed to the customer.
For BOCHK client can pre-setup a free E-Alert service, once it is setup, you will receive email alert whenever there is fund deposit to your account. 

To find out more, please contact our  Remittance Enquiry Hotline +852 2836 8788

Outward Remittance 

Remittance Cut-off Time
Cut-off Time (Except for Saturdays and public holidays):

Remittance Channel Currencies Branch Online Banking
Telegraphic Transfer CAD、EUR
USD、GBP
17:00 18:00
AUD、BND、CHF、
DKK、JPY、NOK、
NZD、SEK、ZAR
17:00 18:00
CNY 15:00

16:30 (Remit to the mainland) CNAPS No. required

22:15 (Remit to countries/regions outside Hong Kong)

SGD、THB 15:00 15:30
Non Major Currencies 17:00 iGTB NET / iGTB Mobile 18:00 (Not applicable for other online banking)
BOC Remittance Plus HKD、USD 16:00 16:30

CNY Remittance
In accordance with the latest requirements of China National Advanced Payment System 2 [CNAPS2] regulation, corporate customers have to provide the additional information below for CNY Outward Telegraphic Transfer. Otherwise, the payment is liable to be rejected, returned and/or delayed, usually with charges imposed.  Corporate client must provide payment purpose such as Cross-border Good Trades, Cross border Service Trade, Cross-border Capital Transfer, Charity Donation, Other account transactions in the “Message to Beneficiary”

When multiple CNY Outward Telegraphic Transfer instructions are related to the same business deal for corporate customers, a “Business Related Reference”, which can be an invoice number, L/C number or other voucher number etc, has to be specified in the beginning of the field “Message to Beneficiary ”in each of the instruction respectively. For details, please refer to the example below.

Example:
When a goods trade (Invoice number: A012345) is divided into two outward telegraphic transfer instructions to the mainland, corporate customers should specify the “Invoice number: A012345” in the beginning of the field “Message to Beneficiary “for each of the payment instruction respectively.

Other Countries/Regions Remittance Requirement:

Destination Countries/Regions Particular Requirements
Australia Bank/State/Branch Number (BSB)-6 digits
The mainland/ Canada /Macau
Egypt/Jamaica/South Africa
Yeman
Provide Beneficiary’s Full Address
China (CNY payment) China National Advanced Payment System No. (CNAPS)-12DIGITS of the beneficiary bank
Europe Bank Identifier Code (BIC)/SWIFT Code (8-11 characters)
International Bank Account Number (IBAN)
(up to 34 alphanumeric characters, first 2 character = country/region)
UK Sort Code – 6 digits
USA ABA / Fedwire Routing No.- 9 digits
UID No/ Chips No.- 6 digits

Online Banking Discount and Charges
Your telegraphic transfers made via our Corporate Internet Banking or other electronic channels can enjoy a service charge discount of up to 50%.Through online banking can setup payment templates for often remittance, it is convenient for future used. 
Remittance charges please read our Remittance Service Charges Table.

Correspondence Bank ChargeApplicable if Beneficiary Bank Charges are requested to be borne by remitter

Currencies Destination Charges / Remarks
USD To all locations (Excluding the mainland) For details please read our remittance service fee table
EUR All EU countries/regions
GBP To United Kingdom and Ireland
JPY To Japan
THB To all locations

Other Currencies

Other countries/regions

Note: “Correspondent Bank Charges” means collectively the charges imposed by the related correspondent banks, intermediary banks, clearing institutions &/or beneficiary bank in processing the remittance, plus extra handling charge of the Bank. If Correspondent Bank Charges are requested to be borne by remitter, the Bank is entitled to collect the charges in advance.  The collected amount is not refundable.  But, if the actual claims exceeded the collected amount, the Bank is entitled to collect the shortfall.  Please also note that this charge option requires more work and the related banks/institutions generally collect higher amounts than if they are otherwise borne by beneficiary.

Demand Draft

Would a demand draft drawn in the mainland be honored at the paying bank's counter immediately and paid in foreign currency notes?
Yes, the demand draft, upon presentation, will be honored at the paying bank's counter. If the beneficiary is a company, the funds will be deposited into the beneficiary's account in the specified currency or converted into CNY, subject to the relevant account regulations. If the beneficiary is an individual, the funds will be:

  • converted into CNY; or
  • deposited to a 'type c a/c (foreign currency)' in the specified currency; or paid in foreign currency subject to the availability of the foreign currency notes of the bank and the relevant regulations.

Would there be a handling charge levied by the paying bank?
Generally speaking, the paying bank will levy a certain amount of handling charge. Some paying banks may choose not to charge customers if the funds are credited to their own customer's bank account.

Remittance Enquiry
To find out more, please contact our remittance enquiry hotline 2836 8788