Domestic Remittance
(Outward/inward domestic remittance)
1. Outward Remittance
When the beneficiary is in China , we may follow the overseas route at the request of the client, which will be faster than the domestic route. If the client cannot provide the overseas route, BIN will remit the fund to the beneficiary through a domestic correspondent bank in two to five working days.
With BIN's Shanghai Branch, remittance to some cities from Ningbo can be faster and at much lower cost than any other domestic route, via transfer in Shanghai .
2. Inward Remittance
Currently, domestic remittance to BIN is via the transfer of Bank of China's Ningbo Branch. The amount credited is the same as that of the original currency received.