ICBC continues to innovate new payment products based upon traditional products like check, draft and bank note in order to help customers improve his financial management efficiency and effectively control his payment behavior.

1. Electronic Remittance and Exchange
ICBC offers secure, fast and convenient electronic remittance and exchange service to customers on the basis of its real-time clearing system. Remittances between any business offices within ICBC system and urgent remittances can be credited into payee's account real-time. The remittance in batch will be credited within 24 hours.

2. Internet Banking Payment
ICBC electronic payment platform which are strong, secure and convenient allows customers to make all kinds of payments at home. All payments are secured through certificate mechanism by double control of payment limit and direction.

(1) E-payment
Online fill-in and submit electronic payment instruction. Urgent fund is credited into account instantly. E-payment satisfies payment needs in both normal and urgent.

(2) Batch Payment
Customers can locally or online edit batch instruction file, and submit payment list Online. Urgent fund is credited into account instantly. It helps to alleviate the workload of customer.

(3) Reservation Payment
Payment date is set in advance. ICBC E-banking automatically completes payment transaction for customers on due date. Forward payment can thus be arranged according to plan.

(4) Corporate Finance Room
It is a service that ICBC offered to customers to make payroll payment and reimbursement on customers behalf. It helps to realize electronization of settlement for internal financial expense.

3. Payroll Payment Service
ICBC can pay the salary on behalf of customers to employee's personal account in batch according to the payment instruction submitted by customers. The service simplifies procedure of payroll payment, and makes easier work and lesser errors.

4. Peony Business Card
With Peony Business Card, t ICBC offered a payment service for government, corporate and institution groups to pay their purchasing, conference and exhibition fee and group traveling expenses by Peony Business Card. With Peony Personal Card ICBC provides payment services of employee salary, individual travel expenses reimbursement, training, medical and insurances. This service changes the traditional way of settling company expenses. It decreases the amount of cash used in daily financial management and the fund being occupied. It improves the settlement efficiency and saves the cost of fund. Moreover, tight financial control can be achieved through mutual verification between credit card signing slip and invoice.

5. Letter of Credit (L/C)
ICBC offers both international and domestic L/C services. Customers can online apply for L/C opening and modification, and enquire part of transaction information of L/C under catalogue of Import/Export L/C.

6. Foreign Exchange Remittance
All ICBC business offices accept foreign exchange remittances applications both from corporate customers and individual customers. Money will be credited into account real-time for domestic remittances. Foreign exchange remittances reach main countries and regions around the world through SWIFT.

7. "Global Transfer"
With wide services channels composed of business offices and E-banking, a highly efficient business processing system, together with international standard encryption and complete risk monitoring mechanism, ICBC "Global Transfer" is a product which offers secure, highly-efficient fund remittance services of reasonable cost. Clearing of fund remittance is far more advanced than all counterparts in terms of speed. Functions of "Global Transfer" include:

(1) Remittances: Remittance-in, Remittance-out, Remittance-transfer, Enquiry and Answer, Statement Information, Remittance Pre-settlement.

(2) Fund Collection and Transfer

(3) Payment Instruction Processing: This service is designed for customers who has signed special agreement with ICBC. After receiving SWIFT messages with agreed format, ICBC will make outward payments from customer's accounts opened in domestic ICBC branches as required by customers.

(4) Agency Inter-Bank Clearing Services

(5) Agency Inter-Bank Remittance Service
Other banks in China can expand their remittance service scope based on ICBC's resources in domestic network and overseas correspondent banks.

8. Buyer Pay for Interest
Drawer and ICBC sign an agreement that the buyer of bank acceptance draft will pay for interest. ICBC will pay the face value of draft when holder discounts the draft at ICBC. Drawer will pay discount interest. This is a service to strengthen customer's payment capability of bank acceptance draft.