Digital currency of swift

1. Not famous. Qingbin road itself is not long. It's just a classic ecation.

2. The cross-border remittance service of personal online banking covers all regions and countries in the world (except for countries banned from remittance and those listed as blacklisted countries). Countries with more remittances include Australia, Canada, the European Union, the United Kingdom, Japan, the United States, etc. According to the swift code of the receiving bank that you first select / fill in (the standard is 11 digits, if you fill in 8 digits, the system will automatically add 11 digits at the end of XXX), the Bank of China system will automatically determine which country / region you want to remit the money to, and the page will automatically refresh to display the information you need to fill in for the country / region to which you remit the money, There are clear notes on the filling page. It is recommended that you follow the page prompts step by step. For further information, please contact BOC's local outlets
the above contents are for your reference, and the business regulations shall be subject to the actual situation
if you have any questions, you are welcome to consult the online customer service of Bank of China or download the mobile banking app of Bank of China.

3.

Swift code and routing number are two kinds of international telegraphic transfer codes, but they are used in different regions; Routingnumber is generally used by banks in the United States and North America, and swiftcode is mostly used in countries and regions outside North America and Europe. Chinese banks use swift code. In fact, the function of swift code is equivalent to routing number in North America, but swift code is more commonly used internationally

extended information:

cross border remittance - some domestic bank handling charges

Bank of China:

counter: handling charge 1 ‰, minimum 50RMB, maximum 260rmb, telecommunication charge 80RMB. Online banking: 20% off the counter service charge

ICBC:

counter: handling charge 1 ‰, minimum 50RMB, maximum 260rmb, telecommunication charge 150RMB. Online banking: 20% off the service charge at the counter. The minimum service charge is 16 RMB and the maximum is 160 RMB. ICBC express remittance: 20% off the service charge at the counter

China Merchants Bank:

counter: handling charge 1 ‰, minimum 100RMB, maximum 1000RMB, telecommunication charge 150RMB. Online banking: 1 ‰ handling charge, 100 RMB minimum, 1000 RMB maximum, 150 RMB telecommunication charge. Note: it is necessary to open the professional version of online banking before exchange and overseas remittance can be carried out in online banking

China Construction Bank:

counter: handling charge 1 ‰, minimum 20RMB, maximum 300RMB, telegraph charge 80RMB. Online banking: handling charge 1 ‰, minimum 20RMB, maximum 300RMB, telegraph charge 80RMB

note: when online banking is used for overseas remittance, the handling charge is converted into foreign currency for dection, so an extra part can be exchanged as the handling charge

network routing number

Network cross border remittance

4.

There are two differences between swift code and bank code:

1. Different definitions

swift code is the international code of a bank. Generally used for power transfer, letter of credit telegram, most banks have, for the rapid processing of inter-bank telegram transactions

bank code is the bank code

The bank code is composed of four English letters. Each bank has only one bank code, which is determined by itself. It is usually the abbreviation of the bank's name, which is applicable to all its branches

swift code is composed of 11 digits or letters, which can be divided into four parts: bank code, country code, region code and branch code

taking Beijing Branch of Bank of China as an example, its bank identification code is BKCHCNBJ110. Its meaning is: bkch (bank code), CN (country code), BJ (region code), 110 (branch code)

(1) Bank Code: it is composed of four English letters. Each bank has only one bank code, which is determined by itself. It is usually the abbreviation of the bank's name and is applicable to all its branches

(2) country code: it is composed of two English letters to distinguish the country and geographical region of the user

(3) location code: it is composed of two digits or two letters except 0 and 1 to distinguish the geographical location of the country, such as time zone, province, state, city, etc

(4) branch code: it is composed of three letters or numbers and is used to distinguish a branch, organization or department in a country. If the BIC of a bank has only eight digits and no branch code, its initial value is set as "XXX"

at the same time, swift also compiles a code for banks that have not joined the swift organization according to this rule instead of entering the full name of their banks in the message. All such codes are marked with "BIC" in the last three digits to distinguish them from the swift address code of the official swift member bank

conclusion: the first four letters of swift code are bank code

extended data

1. Swift requires membership. Most professional banks in China are members of them

The cost of swift was low and the speed was high. For the same amount of content, the cost of swift is only about 18% of that of telex and about 2.5% of that of cable

3. Swift is safe. Swift is more reliable, more secure and more automatic than telex

The format of swift is standardized. For the swift message, the swift organization has a unified requirement and format

there are three types of users: members (shareholders), sub members and ordinary users

members can enjoy all swift services; Ordinary users only enjoy services related to their business, mainly from the securities instry, such as securities intermediaries, investment management companies, fund management companies, etc

5. Swift code of receiving bank is bank identification code of receiving bank, also known as swift BIC, which can be 8 or 11 digits. The first four digits are the abbreviations of the receiving bank, the fifth and sixth digits are the country, and the seventh to eleventh digits are the region identification code. When you operate international remittance again, you need to provide or fill in the number
the swift code number of China Merchants Bank is CMBCCNBS.