China
SEND MONEY TO CHINA [IN USD AND CNY]
BFX Money Transfer provides fast, secure and easy money transfers to just about anywhere in China, with convenient delivery options for everyone.
Account Deposits in USD
You can have the money deposited directly into the recipient’s bank account anywhere in the China for personal and business purposes. In order to send USD funds to a Chinese bank account, you will need the 11-character SWIFT code of the beneficiary bank-branch.
Account Deposits in CNY (Chinese Yuan /Renminbi)
You can have the money deposited directly into the bank account of a beneficiary company incorporated in mainland China, for business purposes. For this, you will need the SWIFT code of the beneficiary bank and the bank’s CNAPS number. Business Transfers to China in CNY are permitted for following purposes only.
Trade Settlement for Goods
Trade Settlement for Services
Payment to Current Account
Payment to Capital Account
Charity Donation
What is CNAPS ?
China National Advanced Payment System (CNAPS) is an electronic inter-bank clearing system in China for processing Yuan payments. CNAPS number is a 12-digit number used as a clearing code by Chinese banks and is equivalent of a UK sort code.
What you need to know...
Basic Information
Standard Fee
AUD $0 fees for all amounts above AUD 1000
Concessional lower fee available during special promos and offers
Delivery time
Priority Payments (SWIFT)
3-5 business days, after receipt of AUD funds into our bank account
Service available from Monday to Friday
Available through all agent outlets
Amount Limit
Minimum Send Amount : AUD 250(per transfer)
Maximum Account Deposit No Limit
Receive Amount
SWIFT
Recipient/Intermediary banks may deduct their charges for SWIFT payments.
It is worth checking with the recipient bank to find out if they will charge to receive SWIFT wire transfers.
Receiver’s details required
Account Deposits in USD
Recipient’s full name, address and bank account details including account number and (IBAN)
Account Deposits in CNY
Recipient’s full name, address and bank account details including account number and (IBAN)
CNAPS format: 12 characters
Eg : CN123456789012
Amendments
Free of charge if done prior to release of payments by us.
Amendments are normally NOT possible after release of payments.
Cancellations
AUD 25 fee for all cancellations
Foreign exchange loss on conversion and deductions/charges of banks/payment partners etc. will be recovered from the customer.
Business Transfers
Business Transfers can be done in USD or CNY to beneficiaries in China.
To know more, please see ‘Business Transfers’.
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