Remittances
Inward & Outward Remittances
Remittance (a money transfer, funds transfer or payment order) is the process of transferring money, which is begun with the originator's payment order, made for a specific purpose to the designated beneficiary, and completed upon acceptance by the beneficiary's bank.
| Item | Inward Remittances Fees | Outward Remittances Fees |
|---|---|---|
| Overseas Transfer | 0.10% commission; min USD10.00 | 0.15% commission; min USD10.00 + USD15.00 cable fee (Additional fee of USD30.00 will be charged if you select "OUR" option or all charges are borne by applicant) |
| Domestic Transfer | Free | 0.05% commission; min USD5.00 |
- Overseas bank fees incurred for the outward remittance business will be charged based on the actual fees charged by the overseas bank.
- All commissions and charges are subject to change at the Bank's sole discretion.
- Third party and other charges which may be applicable will be charged accordingly.