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You only need to follow these five steps to transfer money to a China Merchants Bank account:
Sign up for a free RemitBee account. There is a digital wallet included called the RemitBee Wallet that is safe and easy to use.
Enter your full name, mailing address, and job title to complete your profile. Verify that your contact information, including phone number and email address, are current.
Enter the address and contact information of the person you're sending it to. You’ll also be asked for the recipient's swift code and bank account number.
If the CAD/CNY exchange rate is favorable for you, enter the amount you wish to send and then select a payment option and follow the instructions to finish your transaction. Currency exchange rates fluctuate constantly, but the amount for each payment method remain constant.
Your email address will be used to notify you after the money has been transferred. Use the RemitBee app to keep track of your money transfer.
There are many benefits to sending directly to China Merchant Bank with Remitbee. Here’s a quick overview:
To send a transfer with RemitBee, you'll need the following information:
The recipient's name as it appears on their bank statement
Mobile phone number and home address of the recipient
Swift code for China Merchants Bank (CMBCCNBSXXX) and the Cnaps code of the receiving branch
The recipient’s account number
Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees: