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BOC SmartRemit


 

What is BOC SmartRemit?

Remitting RMB is now easier like never before with the new BOC SmartRemit! With your BOC account in Singapore, you can now remit RMB directly to your BOC account in Mainland China. As long as you are an existing BOC SmartSaver customer with salary crediting, you can remit up to your previous full year’s salary, subject to the maximum declared amount of income tax. Hence it will not affect your Annual Individual Quota of USD50,000.

Exclusive Promotion1

Be the first 100 customers to receive a S$10 Takashimaya Shopping Voucher and enjoy fee waiver when you remit a minimum of RMB1,000 from your BOC MCA account in Singapore to your BOC account in Mainland China successfully. This service is currently available at the BOC Main Branch and BOC North Sub-Branch only.

Promotion is valid from 10 January to 31 March 2018 based on first come first served basis, while stocks last.

How does BOC SmartRemit work?

BOC SmartRemit is performed via Global Payment Innovative (GPI) with the following benefits:

  • Priority Processing: The receiving banks will take priority in processing remittance via GPI.
  • Payment Notification: The remitting bank is able to track the funds and keep you informed on the status.
  • Service Fees: The remitting bank is able to keep you informed of the service fee for every successful application.

How is BOC SmartRemit different from RMB Pre-Settlement Remittance?

With BOC SmartRemit, you can remit RMB from your BOC MCA account in Singapore directly into another BOC account without going through the need of converting the currency. For remittance via RMB Pre-Settlement, you will have to convert SGD or USD to RMB prior to the remittance.

Who is eligible?

  • A Chinese National with People’s Republic of China Passport.
  • Existing BOC SmartSaver customer with salary credited into a BOC Multi-Currency Account.
  • Existing BOC customer with a BOC Chinese Cultural Debit Card

What do I need?

  • Original copy of your People’s Republic of China Passport.
  • Latest Notice of Assessment or last 3 months’ payslip or proof of salary issued by company.

1Terms & Conditions for Promotion from 10 January to 31 March 2018

  • This promotion is limited to one redemption per customer.
  • Vouchers are non-transferable, non-exchangeable and non-replaceable for credit, cash or in kind in all circumstances, whether in whole or in part.
  • BOC does not warrant the quality, performance or fitness for the purpose of any vouchers and shall not be responsible for any consequence in connection with this promotion.
  • All participants in this promotion irrevocably consent and authorise BOC and its agents and vendors (including but not limited to the parties involved in organising, promoting and conducting the promotion and/ or redemption) to collect, use and disclose their personal data to any person for the purpose of the promotion and/or redemption, and confirm that they have read and agree to be bound by the terms of BOC’s Personal Data Protection Policy, as may be amended, supplemented and/or substituted by BOC from time to time, a copy of which can be found on www. bankofchina.com/sg/aboutus.
  • This Promotion is not valid with any other promotions and cannot be combined or repeated with any existing promotions.
  • BOC reserves its right to extend, revise or withdraw this promotion, and is entitled to vary, delete or amend the terms and conditions herein as in whole or part without prior notice.
  • The decision of BOC in connection with any matter relating to this promotion is final, conclusive and binding on all customers and no correspondence or claims will be entertained.
  • BOC shall not be responsible nor shall accept any liabilities of whatsoever nature and howsoever arising or suffered by all customers resulting directly or indirectly from this promotion.
  • By participating in this promotion, the participants agree to be bound by the terms and conditions herein including any amendments and variations thereto.
  • Other terms and conditions shall apply.
  • In the event of any discrepancy or inconsistency between the English version and the Chinese version of the terms and conditions, the Chinese version shall prevail.
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