What should I do if I make a payment to a Chinese company abroad?

1: You can apply for a payment card in the United States for your family in China, and you can get it at the Bank of China in any city in China. Very convenient, you can pick it up on the same day. 2: It is Western Union Bank (no more than $2000 at a time. The handling fee is $16) 3: Go to the local EASTWESTBANK. But it takes 5 days to deliver. (The handling fee for $100-50,000 is $16) You need to apply for an international card at the Industrial and Commercial Bank of China. Many banks in the United States can handle this kind of business, including overseas branches of Huaqi Bank, Bank of China, and ICBC. You only need to provide your account number, account name, and the code of the bank where the account is opened (you need to consult the bank for this. , if the English code is missing, the remittance cannot be received), the time is about 3 to 5 days. It is best to choose a big domestic bank to remit money abroad. According to relevant bank personnel, it is best to choose a big domestic bank to remit money abroad, because, big banks Banks have many agencies abroad. For example, Bank of China has branches in many big cities abroad, such as New York, London, Frankfurt, Tokyo, etc. If the remitter handles the remittance by draft at Bank of China, the withdrawer can go directly to Bank of China's overseas business office to handle the payment procedures. If there is no business point of the remittance bank in your location, you have to go to the entrusting bank designated by the remittance bank. Relatively speaking, handling it at the entrusting bank is not as fast and convenient as handling it at a direct business point. In addition, the network of large banks should be wider. Compared with small banks, there are fewer intermediate turnover links, and the security of remittances is higher. Wire transfer is convenient and fast. According to Ms. Huang from the Personal Finance Department of Bank of China Shenzhen Branch, wire transfer is a relatively common method for remittances abroad. Many schools now require students to wire tuition fees directly to designated accounts. Wire transfers usually take two to three days. It will arrive in your account within 1 working day, which is divided into foreign exchange remittance and foreign banknote remittance. If foreign exchange remittance is used, Bank of China Shenzhen charges a handling fee of one thousandth of the remittance amount and a telegraph fee of RMB 150 (RMB 80 for Hong Kong and Macao). If it is a foreign banknote remittance, in addition to the one-thousandth handling fee and telegraph fee, a certain "banknote transfer" fee will also be charged. This fee is charged based on the difference in the "banknote sale and foreign exchange purchase" on the day. According to reports, the cost of banknote transfer arises because in terms of personal savings, foreign currency can be directly converted into foreign currency, but foreign banknotes cannot be converted into foreign currency at will. When the remitter "remits" cash, because the cash There is a physical form, and the bank must ship it abroad, and the transportation costs will be borne by the customer, which is manifested as "selling cash and buying foreign exchange" (the customer sells cash and buys spot foreign exchange). The fees and handling fees for "banknote transfer" can be converted into RMB based on the exchange rate on that day. After conversion, the minimum handling fee is RMB 50 and the maximum is RMB 260. Draft remittance is relatively cheap. According to relevant sources from Bank of China Shenzhen Branch, draft remittance means that the bank issues a draft to the remitter, and then he or she takes the draft abroad, or sends the draft abroad by mail. There is no telegraph fee for draft transfer, and other charging items and standards are the same as those for wire transfer. Although the fee for draft remittance is relatively cheaper, it is not as fast as wire transfer, and the draft remittance needs to go to the overseas branch of the issuing bank or the designated collection bank of the issuing bank to go through the payment procedures. Bankers suggest that it is best to use wire transfer for large-amount remittances, because once the money order is lost, the procedures such as reporting the loss are relatively troublesome, and the money order has a validity period of one year, after which it will be returned to the original issuing bank. Control your credit card spending. Before your child goes abroad, you can go to a local bank to apply for an international credit card, and choose the form of a main card and an additional card. The main card of the credit card will stay with you, and the additional card will be taken away by your child. Overseas, children can use this additional card for daily consumption, which generally does not charge any additional handling fees (the bank will automatically convert it into the currency of your credit card for settlement based on the foreign exchange trading price announced by the international credit card organization). Some schools even allow you to pay tuition directly with a credit card. The bank will send you the bills of your children's expenses on time every month, so that you can keep track of your children's expenses abroad at home. The credit card is your half-"housekeeper" for controlling your children's expenses abroad. In addition, you can enjoy an interest-free payment period of 20 to 50 days when you use a credit card to facilitate fund turnover for you and your children. However, we need to remind you that it is not cost-effective to use international credit cards to withdraw cash abroad. For example, when withdrawing cash abroad with the Great Wall International Card of Bank of China, a handling fee of 3% of the withdrawal amount will be charged. Western Union and MoneyGram instantly arrive in your account. At present, professional remittance companies have cooperated with domestic banks to launch a series of fast cross-border remittance services, such as Western Union in cooperation with the Agricultural Bank of China and the Post Office, and MoneyGram in cooperation with ICBC. This method of remittance can be transferred to the account immediately and is free of banknote transfer fees, intermediary bank fees and telegraph fees. Only a one-time fee is charged according to the corresponding level of the remittance amount. For example, Agricultural Bank of China Western Union charges a handling fee of USD 25 for USD 1,000 to USD 2,000, and USD 30 for USD 2,000 to USD 5,000. Generally speaking, if the amount of remittance is large, the fee will be relatively low; if the amount of remittance is small, the fee will be relatively high. Travelers' checks are flexible and convenient to use. Travelers' checks have the characteristics of cash and money orders. They have a fixed face value and a variety of denominations to choose from. There is no definite place of use and period of use. They can be used to pay tuition fees directly abroad. for daily consumption.

The handling fee for handling international traveler's checks is relatively high. For example, Bank of China Shenzhen Branch charges a handling fee of 0.05% based on the face value of the purchased traveler's check. Overseas Remittance Policy Guide According to the relevant regulations of my country's State Administration of Foreign Exchange, when residents need to purchase foreign exchange for reasons such as outbound tourism, family visits, business inspections, training, overseas labor assignments, etc., each person who has been out of the country within six months can purchase foreign exchange from the bank each time The equivalent of US$3,000, and each person with more than half a year can purchase foreign exchange equivalent to US$5,000 from the bank each time. Those who study abroad, whether they are studying at university, middle school, or primary school, can go to the local foreign exchange administration office with their overseas school admission notice and other relevant documents to apply for remittance of the full tuition fee; the remittance for living expenses is generally equivalent to 20,000 yuan per person per year. Dollar. If the foreign exchange purchase amount is less than US$20,000, you generally need to hold the overseas school admission notice, passport, visa, ID card, proof of living expenses and other relevant documents to purchase foreign exchange at a designated foreign exchange bank; for foreign exchange purchases with an equivalent value of more than US$20,000, , you must bring your admission notice, proof of living expenses, passport, visa and ID card or household registration book to the local foreign exchange administration for approval. For self-funded students studying abroad in countries such as Germany and Belgium that require a foreign exchange deposit to be issued a study visa, they are allowed to purchase an additional US$3,000 worth of foreign exchange deposit as pocket expenses while traveling abroad.