How to remit money from Australia to China?

The most traditional way is to go to the bank branch to fill in the remittance amount, payee's name and address, payee's bank, SWIFT code, bank card number and other related information, and then transfer money. However, the higher handling fee is $38 per transaction. If there is no public holiday, you can offset the account within 2-3 working days.

In China, only banks with an internal national network can make real-time transfers. The handling fee charged by each bank is different, ICBC is 1%, and the highest fee for 50 yuan and Agricultural Bank of China is not more than 0.5%, and the highest fee for inter-bank banks is not more than that for 50 yuan, and there is no additional charge. It's best to wire transfer from peers and networked banks. It takes several days for different banks.

There will be differences between peers and non-peers You can ask the bank when you want to remit money in a few days. And the length of time is related to whether the remittance is ordinary or urgent.

Extended data:

Wire transfer operation:

When telegraphic transfer, the remitter should fill in the remittance application form, and indicate the telegraphic transfer method in the application form. At the same time, the remittance and the required expenses will be remitted to obtain a wire transfer receipt. After receiving the remittance application, the remittance bank should carefully examine the application and contact the remitter in time if there are any mistakes.

When handling telegraphic transfer, the remitting bank sends remittance instructions to the remitting bank by telegram or telex according to the contents of the remittance application. The contents of the message mainly include: remittance amount and currency, payee's name, address or account number, remitter's name, address, postscript, position allocation method, remitter's name or SWIFT system address, etc.

After receiving the telegram or telex, the remitting bank should check whether the password is consistent. If it is not, it should immediately draw up a telegram to inquire with the remitting bank. If so, a wire transfer notice will be prepared immediately to inform the payee to withdraw money. The payee draws money from the remittance bank with the notice in duplicate. After the payee signs for it, the remittance bank pays the remittance accordingly.

In practice, if the payee has an account in the remittance bank, the remittance bank often does not prepare remittance notice, but only receives the money into the payee's account by telegram, and then gives the payee a receipt notice, and the payee does not need to sign the receipt. Finally, the remittance bank sends the debit notice to the remittance bank.

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