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Full-Pay Service


 

Product Name

Full-Pay Service

Product Description

Full-Pay Service ensures that a customer’s remittance is received in full amount by the beneficiary on the condition that a fixed fee is charged. This service is provided to the financial institutions that hold account with Bank of China, New York.

Product Features

Full-Pay Service provides financial institutions with solutions for international payments that need to be fully received such as tuition fees, and repayment of debts. The customers can save and control the intermediary banks and avoid high fee regions and unpredictable bank charges.

Targeted Customers

For the financial institutions that hold accounts with Bank of China New York.

Operative Process

Indicate the code word in the first line of the SWIFT message field 72 “/FULLPAY/” or “/FULLPAY/SHA”.

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