ICBC Express Cross-Border Remittance Service through Electronic Channels Promotion

  1. Promotional Period:
    1 January 2020 to 31 December 2020

  2. Promotional Details:
    During the Promotional Period, personal banking customers can enjoy the outward remittance service through ICBC Express1 Mobile Banking with no handling charge2

Remarks:

  1. Through electronic channels, personal banking customers may enjoy the outward remittance service through ICBC Express in terms of HKD and USD payment. The daily accumulative limit for transfer/remittance to registered third-party account is HKD 1,000,000 while the daily accumulative limit for transfer/remittance to unregistered third-party account is HKD 200,000. The actual limit depends on the application channel, amount as set by each customer and the transfer/remittance channel.
  2. The handling charge of ICBC's overseas branches is determined by the locations involved. Please contact the beneficiary bank for enquiry.
  3. Settlement day means Monday to Friday, excluding public holiday. For the personal banking customers who remit funds to receiving branches of ICBC, if the remittance fulfills the requirements for auto-settlement procedures of receiving branches, the funds can reach the receiving branches of ICBC within only 10 minutes. Actual fund reaching time may be affected by factors below, including but not limited to:
    a). Accuracy and completeness of the remittance information provided by the client;
    b). Actual operation and processing of fund receiving bank in respective countries, including foreign exchange control, laws and regulations restrictions, holiday and non-business hours, etc; c). Computer system failure or severe weather; and /or
    d). Readiness of foreign exchange business at ICBC designated branches in China, etc.
    The Bank shall not be responsible for any liabilities caused by any delay howsoever caused.
  4. Fund receiving branch network of ICBC covers all branches within China and the designated branches overseas. Please contact our Bank's staff for details.
  5. If there are any delayed remittances or related disputes induced by organizations other than our Bank, our Bank will not be responsible for any liabilities thereof. The Bank reserves the right to make the final decision in any disputes.
  6. Customers shall be reminded to be careful and avoid errors when making fund transfers, and should be responsible to return the mis-transferred funds through the banks in the event that they have received funds that are mis-transferred to them, and should bear all the possible legal liabilities if they do not return the mis-transferred funds.

ICBC (Asia) stay with you to fight against the novel coronavirus. “Infected Area Transfer and Remittance Handling Charge Waiver”

  1. Promotional Period:
    29 January 2020 to 31 December 2020
  2. Promotional Details:
    (i) the handling charge of remitting donation fund or epidemic prevention related payment to charities like China Red Cross Foundation or infected area dedicated donation account of all corporate and personal banking customers via the Bank’s electronic channels (including Personal Internet Banking, Mobile Banking and Corporate Internet Banking) or branches are waived*;
    (ii) the handling charge of remitting funds to Hubei via ICBC Express via the Bank’s electronic channels (including Personal Internet Banking, Mobile Banking and Corporate Internet Banking) are waived; the handling charge of the bank’s customers receiving remittance from ICBC Hubei branch via ICBC Express are waived*.
    *Customers are required to pay the transaction fee in full in advance at the time of conducting transaction. The handling charge will be credited in the form of rebate to the customers’ HKD Account in the Bank within 3 months at the date of transaction. At the time of cash rebate, customers must still hold the account used for remitting funds.

“ICBC (Asia) Cross-Border Transfer and Remittance Handling Charge Promotion” Terms and Conditions

General Terms and Conditions:

  1. This Promotion is organized by Industrial and Commercial Bank of China (Asia) Limited (the “Bank” or “ICBC (Asia)”).
  2. This Promotion includes “ICBC Express Cross-Border Remittance Service through Electronic Channels Handling Charge Promotion”and“Infected Area Transfer and Remittance Handling Charge Waiver”.
  3. The Offer cannot be exchanged for cash.
  4. The Offer cannot be used in conjunction with any other promotional offers.
  5. The Bank reserves the right to vary the Offer and/or these Terms and Conditions, or to cancel the Offer at its absolute discretion at any time without prior notice.
  6. Any person or entity that is not a party to these Terms and Conditions shall have no rights under the Contracts (Rights of Third Parties) Ordinance (Cap. 623) to enforce any part of these Terms and Conditions.
  7. In case of any dispute, the decision of the Bank shall be final and conclusive.
  8. In case of any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall prevail.

“ICBC Express Cross-Border Remittance Service through Electronic Channels Handling Charge Promotion” Terms and Conditions

  1. Unless otherwise indicated, during the promotional period from 1 January 2020 to 31 December 2020, both dates inclusive (the “Promotional Period 2”): (i) personal banking customers can enjoy the outward remittance service through ICBC Express on Mobile Banking with no handling charge;
    (ii) corporate banking customers can enjoy a 50% discount of the outward remittance service fee through ICBC Express on Internet Banking
  2. This Promotion is only applicable to personal banking customers who implement outward remittance through ICBC Express on Mobile Banking or corporate banking customers who implement outward remittance through ICBC Express on Corporate Internet Banking.

“Infected Area Transfer and Remittance Handling Charge Waiver” Terms and Conditions:

  1. To fully support the coronavirus prevention and control efforts in Mainland China, unless otherwise indicated, during the promotional period from 29 January 2020 to 31 December 2020, both dates inclusive (the “Promotional Period 1”):
  2. (i) the handling charge of remitting donation fund or epidemic prevention related payment to charities like China Red Cross Foundation or infected area dedicated donation account of all corporate and personal banking customers via the Bank’s electronic channels (including Personal Internet Banking, Mobile Banking and Corporate Internet Banking) or branches are waived;
    (ii) the handling charge of remitting funds to Hubei via ICBC Express via the Bank’s electronic channels (including Personal Internet Banking, Mobile Banking and Corporate Internet Banking) are waived;
    (iii) the handling charge of the bank’s customers receiving remittance from ICBC Hubei branch via ICBC Express are waived. 2.The eligible list of charities and infected area dedicated donation account is subject to the decision of the Bank.
  3. Customers are required to pay the transaction fee in full in advance at the time of conducting transaction (i) or (ii). The handling charge will be credited in the form of rebate to the customers’ HKD Account in the Bank within 3 months at the date of transaction. At the time of cash rebate, customers must still hold the account used for remitting funds.