Name
Real time remittance
Introduction
Real time remittance is a settlement product which remits funds to target accounts within two hours in the system of Bank of China.
Scope of Application
It is applicable to corporate customers or individual customers for domestic cross-city or inter-city remittance with the requirement of fund arrival deadline.
Process
1. The remitter should fill the remittance voucher, and the remitting bank will remit the fund to the receiving bank upon approval;
2. The receiving bank credits the funds to the payee.
Kind Reminder
It is applicable to the remittance within the system of Bank of China.
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