1.Overseas Remittance-Outward Remittance
Outward remittance to an overseas destination includes TT remittance, draft remittance, purchase of traveler’s cheque, express remittance, etc. You can choose an appropriate way of remittance according to demand.

The First Way: TT Remittance

☆Introduction
If you need to make payment in foreign currency to an overseas institution or individual, and you know the bank, account number and other relevant information of the receiver, you can choose to use TT Remittance. As a member of the international swift clearing organization, by using advanced foreign currency remittance and fund clearing system as well as strong service networks and correspondent bank resources at home and abroad, ICBC offers multi-currency and fast personal foreign currency cross-border remittance to customers.

☆Features
1.Multiply currencies and wide coverage: ICBC offers overseas remittance in 9 foreign currencies to the banks in all countries and regions in the world.

2.Express and economical: With leading clearing system and wide overseas agency network, ICBC will help you remit the fund to the receiver within a short period at a low fee.

3.Safe and convenient: We provide you services related to overseas outward remittance such as enquiry, return remittance and loss-report services to safeguard your fund.

☆Service channel
1.You can make overseas outward remittance, enquiry, return remittance and loss-report business via counters of designated ICBC branches.

2.You can make overseas outward remittance and enquiry via ICBC Internet Banking at home. (This service is launched by region, and you can call 95588 in your region for more information).

☆Operation Guide
1.Upon application, you should fill in the Overseas Remittance Application in a designed ICBC branch in clear English capital letters, including date of application, currency of remittance, amount, the name, address, country and city of the receiver’s bank, name, address and account number of the receiver, name and telephone number of the remitter as well as other required contents.

2.Following provisions can be applied to the overseas F/X outward remittance from domestic personal in currency account:
(1)Overseas remittance from foreign currency deposit account equivalent to or below USD 50,000 per day should be transacted in the bank with the valid identity certificate of the remitter; if the remittance exceeds USD 50, 000, the business should be transacted with authentic certificate in currency account.
(2)Overseas remittance in cash foreign currency equivalent to or below USD 10,000 per day should be transacted in the bank with his (her) own valid identity certificate; if the remittance exceeds USD 10, 000, the business should be transacted with authentic certificate in currency account, The Luggage Declaration Form for Passengers Entering the PRC Customs signed by the customs office or the remitter’s foreign currency withdrawal bill from the original deposit bank.

3.Following provisions can be applied to the overseas F/X remittance under overseas personal current account:
(1)Remittance from foreign currency deposit account can be transacted with the remitter’s own valid identity certificate.
(2)Remittance in cash foreign currency equivalent to or below USD 10,000 per day can be transacted with the remitter’s own valid identity certificate; if the remittance exceeds USD 10, 000, the business should be transacted with authentic certificate in currency account, The Luggage Declaration Form for Passengers Entering the PRC Customs signed by the customs office or the remitter’s foreign currency withdrawal bill from the original deposit bank.

4.Enquiry, amendment and termination of the remittance
(1)If your remittance has not been billed into the receiver’s account for a long period, you can enquire at the remitting branch with the customer’s return slip of the remittance form.
(2)If your need to amend or terminate remittance after it has been sent and before transferred into the receiver’s account, you can transact it at the remitting branch with the customer’s return slip of the remittance form. If the remittance has been disposed, ICBC will not make the transaction for you.

5.Remittance through ICBC Internet Banking
(1)To send domestic outward remittance through ICBC Internet Banking, you need to register “Banking@ home” of Personal Internet Banking in advance, and then get Internet Banking outward remittance authorization at an ICBC banking outlet and apply for using a USB-Shield (Personal Customer Certificate).
(2)The steps of cross-border remittance are as follows: Check process>>

☆Helpful Tips
1.Our business hours are 9: 00－17: 00 on every working day. Our bank will send you real time payment message.

2.A single remittance or daily accumulated remittance can not exceed USD 50,000 or its equivalent in foreign currency; overseas personal can not make overseas remittance via Internet Banking presently.

3.The remitter’s name in English, the receiver’s name and remarks should be entered in English, and the system does not support input in Chinese.

4.If the foreign currency fund to be remitted is the funds of “cash foreign currency account”, you should pay for currency exchange fee, in another words, the system will convert the banking charge of the remittance into RMB according to current “cash and currency difference” automatically and deduct it from your payment account. Your payment account and remittance account can be same or different.

☆FAQs
1.What is the difference between TT overseas outward remittance and draft remittance? (See “The Second Way: Draft Remittance” for the details of draft remittance service)
TT Remittance transfers the fund into the receiver’s account directly through the foreign currency remittance and clearing system. In general it is fast, but an extra TT fee is required to be paid by remitter. Draft Remittance means that the bank provides the remitter with a foreign currency money order to be posted to the receiver or taken abroad to collect, usually at a lower cost. During the period of validity, the fund can be paid or collected by the bearer at his own will. But the payment disposal period is uncertain for influences of posting, carrying and collection, so it usually takes longer to dispose the payment.

2.What factors influence the TT Remittance speed? When can it arrive at the receiver’s account usually?
The speed of TT Remittance is related to the type of foreign currency, the receiver’s bank and clearing bank’s business hours and time difference, and the accuracy of the receiver’s information as well as others. Concretely speaking, overseas outward remittance is transacted through the clearing system in the issuing country of the currency, for instance, US dollars transacted by the US clearing system, and Japanese Yen by the Japanese system. Because overseas outward remittance involves the foreign clearing system, the foreign bank and the domestic remitting bank with their differences in working days, business hours and time, the time for a remittance to reach the receiver is not fixed. If the receiver is not in currency issuing country and so the remittance involves different countries, it may take longer for the remittance to reach him. In addition, if the receiver’s information (account number, account name and bank) is inaccurate, the speed of remittance will be influenced.

In general, if the remitting bank, the receiver’s bank and the clearing bank all keep regular working days, the receiver’s information is accurate, and the country of the receiver is as same as the currency issuing country, the TT Remittance from ICBC will reach the receiver’s account on the same or next (working) day.　　

3.What should be done if the receiver hasn’t received the remittance after a week?
The delay of remittance may be due to the difference in the banks’ working days, or inaccurate information of the receiver’s bank, account number or other items. To enquire specific reasons, you can go to original remitting branch with the customer return slip of the Overseas Remittance Application with a certain fee.

4.Why is the amount received by the receiver less than what I have remitted?
If the receiver’s bank and ICBC have a mutual account, the remittance may reach the receiver in full amount, but if there isn’t any mutual account, the remittance has to be transferred by another one or several other banks to the receiver’s bank, and each bank will charge for remittance transfer business, therefore the amount received will be less than the remitted.

The Second Way: Draft Remittance

☆Introduction
If you need to pay in foreign currency to an individual or institution abroad, you can have a money order issued in our bank and take it abroad to cash or make payment, or post the money order directly to the receiver. The money order is a bill issued by the bank at your request with an amount indicated in foreign currency to be borne, carried and taken abroad by the customer to cash or make payment.

☆Features
1.Multiply currencies and wide coverage: ICBC offers money order in 9 foreign currencies which can be disposed in banks in all countries and regions in the world.

2.Economical: Low issuing and paying fees.

3.Safe and convenient: After your money order is issued by ICBC, we also offer relevant services to you like cancellation and loss-report of the money order, and termination of payment in order to safeguard your fund.

☆Service channel
You can make draft remittance at any F/X business outlet designated by ICBC. Please consult local ICBC branch for details. 　

☆Operation Guide
1.Upon application, you should fill in the Draft Remittance Application in an designated ICBC branch in clear complete English capital letters, including date of application, currency of remittance, amount, the receiver’s bank, its address, country and city, the receiver’s name and address, account number, and the remitter’s name and telephone number. We will issue a money order for you after whole procedure is completed so that you can post or carry it abroad.

2.Following provisions can be applied when making overseas remittance from domestic personal foreign currency current account:
(1)Overseas remittance from foreign currency deposit account equivalent to or below USD 50, 000 per day should be transacted in the bank with remitter’s own valid identity certificate; if the remittance exceeds USD 50, 000, the business should be transacted with authentic certificate in currency account.
(2)Overseas remittance in cash foreign currency equivalent to or below USD 10,000 per day should be transacted in the bank with the remitter’s own valid identity Certificate; if the sum exceeds USD 10, 000, the business should be transacted with authentic certificate in currency account, The Luggage Declaration Form for Passengers Entering the PRC Customs signed by the customs office or the remitter’s foreign currency withdrawal bill from the original deposit bank.

3.Following provisions should be applied when making overseas remittance under overseas personal current account:
(1)Remittance from foreign currency deposit account should be transacted with the remitter’s own valid identity certificate;
(2)Remittance in cash foreign currency equivalent to or below USD 10,000 per day should be transacted with the remitter’s own valid identity certificate; if the sum exceeds USD 10, 000, the business should be transacted with authentic certificate in currency account, The Luggage Declaration Form for Passengers Entering the PRC Customs signed by the customs office or the remitter’s foreign currency withdrawal bill from the original deposit bank.

4.The Overseas Draft Remittance
To use the ICBC foreign currency draft in another country, you can simply submit the draft to any overseas bank and receive money. Usually, to cash the foreign currency draft charges a small amount of commission, while the exact amount depends on different regulations of the country or the specific bank.

5.Cancellation, loss-report and termination of the money order
(1)If you have not used the money order within the period of validity, you should handle cancellation of the money order in original issuing branch with a written cancellation application, the original money order, and the return slip in the original “Overseas Remittance Application ”.
(2)If your money order is lost, you should report the loss in original issuing branch with a loss-report application and the return slip in Overseas Remittance Application. If the return slip and the money order are both lost, you should report the loss in original issuing branch with your own valid identity certificate. After acceptance of your loss-report application, ICBC will reclaim the fund in the draft remittance and inform you through telephone after the fund was returned from overseas. All fees incurred by cancellation or loss report and loss resulted from cashing non-US dollar money order in US dollars will be borne by you and deducted from the amount in the money order.　　

☆FAQs
1.Is there a period of validity for money order?
In General a money order issued by ICBC is valid for half a year, but the money order regulations in different countries are different. So when you take a money order abroad to cash or collect, you should consult local bank if there is any special regulation about the validity of money order, and arrange trust collection or payment within the period of validity if the requirements of period of validity in local are satisfied.

2.How long is the period of trust collection of fund for the money order abroad?
The time period from trust collection to final receiving of the fund depends on the clearing time of local bank, usually it takes 3-5 working days. Money order issued by ICBC in US dollars can be cashed on the next day in U.S. mainland.

The Third Way: Purchase of Foreign Currency Traveler’s Cheque

☆Introduction
Foreign Currency Traveler’s Cheque is a bill issued by world known and credible banks, and it can be purchased by a bearer to take abroad to cash, or even be used in place of cash in consumption. Presently ICBC sells traveler’s cheque issued by AMERICAN EXPRESS INTERNATIONAL INC in 6 currencies: US dollars, Yen, Euros, Pounds, Canadian dollars and Australian dollars.

☆Features
1.Carrying safely: If your traveler’s cheque is lost or stolen on the trip, you can be compensated after loss report. There is a 24-hour toll-free phone service with multiple languages to help you report loss and terminate payment.

2.Convenient to use:
(1)Traveler’s cheque sold by ICBC is widely accepted in the world; it can be used in hotels, shops and taxies overseas directly and for payment to overseas institutions and persons, as well as cashed in local banks.
(2)The cheque’ value is more various than cash with high and low-valued cheque combined so that it is easy to be carried.
(3)Easily flow and transferable
(4)According to relevant state regulations, traveler’s cheque is administered differently from cash foreign currency , and it is unnecessary to issue a Certificate for foreign currency carrying for any amount.
(5)There is no period of validity.
(6)Economical: The exchange rate of traveler’s cheque overseas is higher than cash foreign currency in same currency.

☆Service channel
Traveler’s cheque only can be purchased at the designated banking outlets. Dial local ICBC hotline 95588 for details before handling.

☆Operation Guide
1.Sign a traveler’s cheque purchase agreement. You need to sign a purchasing agreement (including the purchaser’s name, address, passport number, cheque No., amount, numbers, total amount, etc.) with your valid identity certificate and confirm by signature.

2.Pre-signature. After the purchase procedure, you can get return slip of the agreement and traveler’s cheques. You should sign in each cheque’s pre-signing column if it’s to be used by yourself. If the traveler’s cheque has not been pre-signed, the loss report or compensation will not be realized if it is lost.

3.Re-signature when use for payment. When you use a traveler’s cheque to get cash, shop or to transfer it to others, you should re-sign in the relevant column. The re-signature must be made in the presence of the receiver and should be the same as the pre-signature. Re-signature in advance will be deemed as invalid.

4.Loss report: the loss report should be handled at local branch of the issuing company of the traveler’s cheque. If your traveler’s cheque is lost, please dial the service hotline of local branch (see the list below) in time and the 24-hour toll-free phone will handle the loss report and terminate the payment. And you will be directed to obtain compensation in a designated institution, with the following documents:
(1)The original purchase agreement and your identity certificate.
(2)A compensation application with amount lost, number of the traveler’s cheque lost, whether it has been pre-signed or re-signed before the loss, with your signature on the application.　　
(3)The compensating institution will ask you to refill in the purchase agreement and compensate new traveler’s cheque to you without any fee.

☆Helpful Tips
1.When purchasing a traveler’s cheque, please take your own valid identity certificate.

2.When purchasing a traveler’s cheque, please pre-sign it immediately otherwise it will not be compensated once it is lost.

3.Please separately keep the reply slip of the purchase agreement and the traveler’s cheque; if it is lost or stole, you should call the hotline to report the loss with the purchase agreement.

4.The loss of the traveler’s cheque is transacted by the issuing institution. For safety, please bring the contact number of the issuing institution of the relevant area when use traveler’s cheque overseas. If your traveler’s cheque is lost, please call the number immediately.

5.The original purchaser of the traveler’s cheque can directly cash it but a third party has to get trust collection.

The Fourth Way: Express Remittance

☆Introduction
Express Remittance is jointly run by ICBC and the world famous remittance service--Money Gram, and we provide agent service for Money Gram to personal overseas remittance without the receiver’s bank account number. The service is simple, express, and convenient. If you need to pay the foreign currency funds to the individual aboard as soon as possible, but you don’t know the information of the receiver about opening the account, or you will go abroad recently but you have no account abroad, or you will go abroad recently with several destinations, but it is inconvenient to take a large-sum cash F/X, ICBC can offer Express remittance to you so that you can realize the settlement and use foreign currency abroad.

☆Features
1.Wide network of payment disposal organizations: Money Gram company has established over 50,000 outlets of agency in 150 countries and regions throughout the world. As one of the agencies ICBC will gradually open and expand the outlets for this business.

2.Express remittance: Leveraging ICBC foreign currency clearing system and Money Gram’s global network and electronic technology, remittance will arrive at the account of the receiver within 10 minutes. For customers who are in urgent need of the fund, the Express Remittance is the best way.

3.The charge is definable: Express remittance charges according to the amount when it is being remitted, and there is no mid-bank charge. The receiver will receive the full amount of remittance and all the fund will be paid to him.

4.Simple procedure:
- Remitter: The remitter doesn’t need to choose complicated remitting route or know the account of the opening bank of the receiver and his account number, only simple information like receiver’s name is required. Just inform receiver about ref number and password of the remittance after amount remitted out.　　
-Receiver: The receiver doesn’t need to have a bank account or find out the bank branch to collect the remittance. He (she) can collect at any Money Gram agency office with the valid identity certificate, remittance reference number and password.

5.Safe and reliable: Receiver can obtain payment just by valid certificate, ref number and password. Money is protected through detail verifications before payment. Storage and processing of all information related to remittance depend on computer under transmission control of Money Gram system so as to realize high system security.

☆Service channel
You can handle express remittance at any designated ICBC banking outlet. Dial local ICBC hotline 95588 for details before handling.

☆Operation Guide
1.When applying for express remittance, the customer needs to take cash foreign currency or certificate of deposit in ICBC, and valid identity certificates (identity card, passport, green card, Hong Kong / Macau / Taiwan home returning card, etc.) in designated ICBC branch.

2.The customer needs to fill in the express remittance form, including the remitter’s name, detailed home address, postal code, contact number, name of identity card and its number, the remitter’s occupation, the remitted amount in Arabic numerals, and the receiver’s name, country and city.

3.Remittance fee should be paid according to the express remittance standard, and cash exchange fee should also be paid if holding the cash foreign currency or the remittance is transferred from the cash foreign currency account.

☆Helpful Tips
1.Single express remittance is limited to (excluding) USD 10,000, and a customer can not accumulate remittance over (excluding) USD 20,000 per day.

2.The receiver of the express remittance must be an individual and can not be an institution.

3. Express remittance from China presently can only be accepted in US dollars.

4.Because express remittance is one kind of "foreign currency remittance", besides being subject to the requirement of the Express Remittance system and the transaction, it is also subject to the policies of the State F/X Administration and the People’s Bank.

5.Please choose an appropriate way of remittance by referring to the following chart comparing express remittance with ICBC TT Outward Remittance:

6.Charge standard: Fee should be paid according to the express remittance standard, and cash exchange charge should also be paid if holding the cash foreign currency or the remittance is made from the cash foreign currency account.

☆FAQs
What are the authentic certificates of the transaction amount under the current account that is required when overseas outward remittance exceeds the quota?
(1)If you make overseas remittance exceeding the quota for study abroad by self financing, you should provide:
A. Your resident registration and identify certificate.
B. Your valid entry visa to your destination country or region.
C. Offer Letter or Student Status Letter from overseas school.
D. Fee Notice from the overseas school.
(2)If you make overseas remittance exceeding the quota for seeking medical care abroad, you should provide:
A. Your resident registration and identify certificate.
B. Valid entry visa to your destination country or region.
C. Certificate from your district (municipal) hospital with the suggestion of doctor.
D. Acceptance Certificate from an overseas hospital and Fee Notice
(3)If you make overseas remittance exceeding the quota for paying membership fee of international academic association as a resident of China, you should provide:
A. Your resident registration and identify certificate.
B. Certificate from the international academic association (including fee list)
(4)If you make overseas remittance exceeding the quota for paying for a small quantity of medicine or medical facilities as a resident of China, you should provide: 　　
A. Your resident registration and identify certificate.
B. Certificate from your district (municipal) hospital with the prescription of doctor.
(5)If make overseas remittance exceeding the quota to deal with the serious illness, death and accident of the immediate family member overseas, the following certificates should be provide: 　　
A. The own resident registration and identify certificate.
B. Notarized certificate from overseas, or certificate issued by Chinese embassy or consulate to the country or the region.

2.Overseas Remittance-Inward Remittance
The ways of the inward remittance from abroad include: telegraphic transfer (TT), remittance settled in advance, personal F/X note collection, exchange of foreign currency traveler’s cheque and express remittance -personal F/X inward remittance，please choose a appropriate way of inward remittance from abroad according to demand.

The First Way: Telegraphic Transfer (T/T)

☆ Introduction
Inward remittance through T/T can be received once a current multi-currency account (Elite Club Account, Peony Money Link Card• e-Age, Current All-in-one Account) is opened in ICBC. As a member of international clearing organization –SWIFT, ICBC offers fast multi-currency payment service for personal inward remittance by using its advanced F/X remittance and clearing system, powerful service network at home and abroad, as well as correspondent banks resources.

☆ Features
1.Multi-currency, wide coverage: Through ICBC, remittances can be received in freely-convertible currency (currencies with everyday quotes announced by ICBC) from countries and regions (HK, Macau and Taiwan) all around the world. Amongst, remittance can be credited into account without conversion if in the currency of ICBC foreign currency deposit. Remittance in freely-convertible currency not of savings currency can only be credited into account after settled against documentation submitted in accordance with settlement rules of State Administration of Foreign Exchange.

2.Economical: ICBC doesn’t collect any banking charge of overseas inward remittance.

3.Easy: Once an ICBC current multi-currency account is specified (current All-in-one Account, Elite Club Account, e-Age Money Link Card) as the receiving account, ICBC will automatically credit the remittance into account when arrived. No need to collect in person.

4.Fast and timely: ICBC offer detailed guidance on overseas remittance for you to delivers the guidance to overseas remitter for reference. Inform the remitter to make the remittance by following the guidance in the simplest, fastest and most economical way.

☆ Service channel
Remitter can make remit to the account of ICBC through banks throughout the world; receiver can enquire about the change of the balance of the receiving account

☆ Operation Guide
1.When an overseas institution or individual abroad want to remit the fund to you in China or to your account in China, please inform the remitters about ICBC Remittance Guidance of corresponding currency (Call 95588 for details) according to the currency remitted and your information of being the receiver. Main details include: name of receiver (you) (same as the name in mandarin pinyin in your identity certificate, or same as the account name in mandarin pinyin in your receiving account), ICBC multi-currency current account number (or card number) in full, full name of receiving bank (Industrial and Commercial Bank of China), SWIET code of receiving bank (ICBC), receiver’s telephone number and address (in English). Dial local ICBC branch’s hotline 95588 for details.

2.You should inform the remitter, when making remittance at a bank abroad, the Remittance Application should be filled in according to ICBC Remittance Guidance and the receiver’ s information you told. If the remitter doesn’t know how to accurately fill in the application, you may tell the remitter that when making remittance at a bank abroad, he (she) can bring forth ICBC’s Guidance about inward remittance to the staff of the bank for help.

3.Opening a multi-currency current account first for timely arrival of the remittance is suggested if you are the beneficiary and have not opened a foreign currency deposit account in ICBC but have the intention to receive the remittance in ICBC.

☆FAQs
1.What are the conditions to receive remittance from overseas?
You just need to open a multi-currency current account in ICBC (Elite Club Account, Peony Money Link Card• e-Age, current All-in-one Account) and follow ICBC Guidance on Inward Remittance to inform your details to overseas remitter.

2 How to use the Guidance?
Different guidance is for different currencies of remittance. "Remittance Guidance" is only related to the currency of inward remittance, nothing concerns which country the remittance comes from. In other words, If remitter remits US dollars from UK, it should refer "USD Remittance Guidance" instead of "GBP Remittance Guidance".

3.Can you remit RMB to China from overseas?
No, unless you have foreign currency. Remit personal F/X remittance settled in advance at overseas ICBC branches so that the receiver can directly receive the remittance in RMB.

4.Why your remittance has not yet credited into account?
Please confirm from remitter if receiver details you provided is correct or not, and if the receiving account is multi-currency current account, if the name of receiver is identical with the account name of receiving account. If above all are correct, the remitter may check the details at remitting bank.

5.Why the money you received is less than the amount remitted?
In general, remittance can be received in full amount if remitting bank and ICBC both have accounts opened in each other’s bank. If not, remittance must go through a bank or several banks before arriving at ICBC. Each bank will collect fees from the amount. As a result, amount you received may be less than the original amount remitted.

6.Can ICBC receive remittances from overseas in Swedish Krona?
Yes. But Swedish Krona is not a savings deposit currency of ICBC. ICBC will inform you to collect the remittance at designated ICBC banking outlet with your identity certificate required in F/X settlement. Money will be credited into account after settled according to the rules of State Administration of F/X.

7.Remittance through ICBC can only at overseas ICBC branches?
No. You can choose any bank in any country to remit to an ICBC accounts. Remittance can only be made at overseas ICBC branches if it is personal F/X remittance settled in advance.

The Second Way: Personal F/X remittance Settled in Advance

☆Introduction
Personal F/X remittance settled in advance is a special situation of "Inward T/T". It is a specific F/X remittance way: before remitter makes F/X inward remittance at overseas ICBC branch, remitter can request to convert the foreign currency to RMB at the specified rate quoted on the date of remittance so that the receiver will receive the remittance in RMB.　　

☆Features
1.The fund remitted out is foreign currency, but the remittance is credited into receiver’s account in RMB.

2.Receiver has ICBC account in China so that he (she) can receive remittance from overseas in RMB immediately. In this way, receiver can avoid the risk of exchange rate or the trouble from going through exchange settlement at ICBC counter and the remittance can arrive faster.

3.Overseas remitter can make personal F/X remittance settled in advance at ICBC branches in Singapore, Tokyo, Seoul (Pusan), Luxembourg, Macau, ICBC (Asia) and ICBC (London) in Singapore dollar, Yen, US dollar, Euro, Hong Kong dollar and pound.

☆Service channel
Remitter can make personal F/X remittance settled in advance in ICBC branches in Singapore, Tokyo, Seoul (Pusan), Luxembourg, Macau, ICBC (Asia) and ICBC (London) in Singapore dollar, Yen, US dollar, Euro, Hong Kong dollar and pound.

☆Operation Guide
1.When making personal F/X remittance settled in advance, overseas remitter must use the foreign currency in hand to make personal F/X remittance settled in advance at overseas ICBC branch.

2.When making personal F/X remittance settled in advance, overseas remitter must confirm the rate, name of receiver (you) (same as the name in mandarin pinyin in your identity certificate, or same as the account name in mandarin pinyin in your receiving account), ID Card number, ICBC multi-currency current account number (or card number) in full, full name of receiving bank (ICBC branch in China) and fill in Remittance Application.　　

3.Remitter submits returns of international balance of payment.

4.Domestic receiving bank (ICBC branch in China) directly credits the settled amount in RMB into account.

☆Helpful Tips
1.Limitation on customer: The remitter must be overseas individual, including resident and non-resident, and the receiver must be domestic resident.

2.Service scope: Only F/X remittance under personal items instead of capital items can be transacted.

3.Limitation on amount: Strictly abide by the rules of State Administration of F/X. The amount of single remittance is limited to USD 50,000 (inclusive) or equivalent at this point of time. Remittance under USD 10,000 (inclusive) or equivalent can be transacted by overseas bank. Remittance between USD 10,000 and USD 50,000 (inclusive) needs overseas bank to check the certificates of remitter’s identity and source of funds, and file the copy of certificates of remitter’s identity c and source of funds.

The Third Way: Personal F/X Note Collection

☆Introduction
A trust collection service for personal foreign currency cheque, draft and some traveler’s cheques. The foreign currency notes that can be collected by ICBC include traveler’s cheque, private cheque, cheque, cashier’s cheque and money order issued by the overseas banks or other commercial institutions as well as other notes with trust collection agreement with ICBC. Collectable notes depend if the service is available in each ICBC branch. Consult operator of local 95588 for details. In general the trust collection of notes takes around 45 -60 days.

☆Service channel
Designated ICBC banking outlets.

☆Operation Guide
1.Notes are usually valid for half a year. Please collect at a designated ICBC banking outlet as soon as you get it. Period between date of note issued and date of collection can not be longer than 4 months and 15 days.

2.The receiver of the note should collect the funds with his (her) valid identity certificate (ID Card, Residence Registration Booklet, Military ID Card or passport).

3.Fill in ICBC Note Collection Advice, state clearly the type of note, note number, date of issue, currency, amount and name, address, contact number, ID number of customer.　　

4.Sign at the back of note (endorse). In order to collect successfully, endorse signature should be the same as the receiver stated in the front of the note.

☆Helpful Tips
1.Following personal foreign currency notes are unaccepted by ICBC: forward draft, United States Postal Money Order, US government cheque or fiscal cheque (Treasury cheque), private cheque without drawer’s signature, amended or untidy notes, overdue notes, USD notes not paid by US banks.

2.Banking charges from foreign correspondent banks due to refund will be deducted from the amount you collected.

3.Foreign currency notes usually have a validity period. Please collect in ICBC as soon as possible.

4.Trust collection is available even traveler’s cheque’s initial signature and re-signature are inconsistent or it is a blank traveler’s cheque without initial signature and re-signature or a transferred traveler’s cheque.

5.The fund collected from foreign currency notes is cash F/X. After collection, the cash F/X can be deposited into account or settled at current F/X price.

6.Fee Standard:
(1) Banking charge is collected in terms of a certain proportion of the value. Consult operator of local ICBC 95588.
(2)Overseas correspondent bank may deduct banking charges for collection with different rate. You have to pay for it.
(3)Additional fees should be paid for blank cheque returned by correspondent bank.

The Fourth Way: Exchange of Foreign currency Traveler’s Cheque

☆Introduction
Foreign currency traveler’s cheque is issued by world renowned financial organizations with sound credibility. It is a convenient way for holders to carry and cash it while being overseas or even use it as cash for consumption. ICBC offers an exchange service for all types of international traveler’s cheques and converts the relevant funds into RMB or F/X deposit.

☆Features
Fast and convenient: The traveler’s cheque with same initial signature and re-signature can be directly exchanged into RMB cash or transferred as F/X deposit at designated ICBC banking outlets.

☆Service channel
Designated ICBC banking outlets. Dial local ICBC hotline 95588 for details before handling.

☆Operation Guide
1.You can handle this business at ICBC with the traveler’s cheque, valid identity certificate, passport or other relevant certificate.

2.Re-signature: You should resign the traveler’s cheque in front of ICBC staff at the Counter. Re-signature should be as same as the initial signature.

3.Honored by ICBC: The traveler’s cheque with same initial signature and re-signature, can be honored at designated ICBC banking outlet in RMB cash or converted into F/X deposit.

☆Helpful Tips
1.ICBC will not directly pay for traveler’s cheque without initial signature by the holder, traveler’s cheque with inconsistent initial signature and re-signature signature, blank traveler’s cheque without initial signature and re-signature and transferred traveler’s cheque. You should handle personal foreign currency trust collection first and then be paid after the realization of the trust collection. Usually it takes 45 - 60 days. See The Third Way: Personal F/X Note Collection for details.

2.ICBC will directly honor the traveler’s cheque issued by AMERICAN EXPRESS INTERNATIONAL INC. As to the traveler’s cheque issued by other organizations, ICBC will not directly honor it. In such a case, you should handle the personal foreign currency trust collection and then be paid after the realization of the trust collection.

3.ICBC will collect banking charge for this business in terms of certain proportion. Consult operator of local ICBC 95588 for details.

The Fifth Way: Express Remittance -Personal F/X Inward Remittance

☆Introduction
Express remittance business is a fast, reliable and easy service jointly launched by ICBC and world famous remittance service company – Money Gram Company for individual customer to make international remittance without any need from receiver to provide bank account number.
If you need to receive the F/X remitted from the personal abroad as soon as possible and you have no ICBC account, you can receive the funds through this remittance service offered by ICBC in a short period.

☆Features
1.Wide network of remittance organizations: Money Gram company has a total of over 50,000 outlets of agency in 150 countries and regions throughout the world. The overseas remitter can remit the funds to you through these outlets and you can receive the fund from any outlet designated by ICBC.

2.Fast: Leveraging ICBC foreign currency clearing system and Money Gram’s global network and electronic technology, remittance will arrive in ICBC in 10 minutes during ICBC’s business hours. This is the best choice to remit money to customers who are urgently in need of cash.

3.Free receiving: the banking charges of the remittance are only collected according to the remittance amount when remitting out and the receiver does not need to pay additional fees.

4.Received in full amount: there is no any deduction from mid-banks after remitting out so you will receive full amount.

5.Simple procedure:
- Remitter: The remitter doesn’t need to choose complicated remitting ways or know the account of opening bank of the receiver and his account number, only simple information like receiver’s name is required. Just inform receiver about the ref number and password of the remittance after amount remitted out.　　
- Receiver: The receiver doesn’t need to have a bank account or find out the bank branch to collect the remittance. He (she) can collect at any Money Gram agency office with the valid identity certificate, remittance ref number and password.

6.Safe and reliable: Receiver can collect the remittance just by valid certificate, ref number and password. Money is protected through detail verifications before payment. Storage and processing of all information related to remittance depend on computer under transmission control of Money Gram system so as to realize high system security.　　

☆Service channel
Designated ICBC banking outlets. Dial local ICBC hotline 95588 for details before handling.

☆Operation Guide
1.Receive express remittance at an designated ICBC banking outlet with legal identity certificate.

2.Fill in relevant withdrawal form and the contents include: remittance reference number, remitter’s name, address, street, city, postal code and telephone number of receiver.

3.Make return on international balance of payment.

☆Responsibility statement
The contents on this page are for reference only. The ultimate power of interpretation is under the Industrial and Commercial Bank of China Limited. For part of the contents, notice and specific regulations of local branches shall prevail.