Source: Bank of China Tokyo Branch
Tokyo Branch's Personal Mobile Banking has added a direct salary transfer function. From now on, Chinese customers can apply for this function at the counter, and they can directly remit the legal salary income obtained by working in Japan, including salaries, bonuses, subsidies, etc., to the personal accounts of the same name or immediate family members in China in the form of CNY, without being subject to the restrictions of facilitated foreign exchange settlement and sales.
Target Customers
Direct Payroll Transfer is only applicable to payroll customers and non-payroll customers of BOC Tokyo Branch.
How to do it
Eligible customers are required to submit an application for direct salary remittance service at the Tokyo branch and any other outlets with relevant supporting documents, which is only valid for the current year after activation, and needs to apply for activation at the counter again after January 1 of the following year.
Eligibility
- Hold a CNY regular current deposit account with Tokyo Branch.
- The remittance currency must be CNY.
- The beneficiary account must be the account of the same name or immediate family member of each branch of BOC in mainland China.
- The remittance limit shall not exceed the applicable customer's total annual income after legal tax in Japan.
- If the beneficiary is an account with the same name, the remittance amount of a single transaction does not exceed the equivalent of US$10,000 and can be directly credited to the account as judged by the beneficiary bank. If the equivalent amount exceeds US$10,000, the domestic beneficiary shall provide the relevant accounting procedures to the beneficiary bank. If it is an account with a different name, the relevant materials need to be supplemented according to the requirements of the beneficiary bank.
Required Materials:
Proof of source of funds (e.g. tax payment certificate, etc.), remitter's salary transaction history, etc.
Fees:
Through our mobile banking, you can enjoy a 6% discount on remittance fees.
Mobile Banking Payroll Direct Remittance Operation Guide:
1.
Log in to the "Mobile Banking" of Tokyo Branch, select the "Transfer and Remittance" function, and select the CNY account when selecting "Transfer Out Account". Limited to CNY current account and current account.
2.
Select "Transfer Account", and customers who use direct payroll for the first time need to "Create a new payee". Select "CNY Payroll Direct" in the Select Payee Type. Fill in the information such as "bank to which the beneficiary account belongs", "beneficiary account number", "beneficiary name", "beneficiary ID number", etc. Among them, the "Beneficiary Name", "Beneficiary City" and "Beneficiary Address" fields need to be entered in English or Pinyin.
Create a new payee
3.
Fill in the "Transfer Amount", you can select "Transaction Arrival Reminder", enter the "Notification Email", click to view the "Personal Customer Remittance Statement", check "I have read and agree", click Submit, check the "Confirm Information", complete the verification of the authentication tool, and click "Confirm" to complete the transaction.
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