Bank requirement - China

For financial transactions involving China, three key pieces of information are typically necessary to ensure the funds are correctly processed:

SWIFT code

• Function: SWIFT codes identify the specific bank and branch where an account is registered internationally.

• Format: It comprises 8 to 11 characters: a 4-letter bank code, a 2-letter country code, a 2-character location code, and sometimes a 4-character branch code (optional).

• Finding it: You can locate the SWIFT code on the bank's website, your bank statement, or by conducting an online search.

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CNAPS code

• Purpose: China National Automatic Payment System (中国现代化支付系统号). This code is assigned to all banks in China, including foreign banks.

• Format: The CNAPS code is 12 digits long.

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Bank account number

• Purpose: It acts as an identifier for your account, indicating the source or destination of the funds.

• Format: In China, bank account numbers are typically 19 digits but can vary depending on the bank.

For international payments to China, having the correct combination of SWIFT, CNAPS, and bank account number is crucial for successful transactions. Always double-check these details when transferring money to ensure accuracy and avoid delays.

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