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Pre-Settlement Remittance
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Home Page >Personal Banking >Remittance >Pre-Settlement Remittance

  • Exclusive to ICBC (London) customers
  • Fixed Remittance Rate
  • Received as Chinese Yuan by beneficiaries
  • Over the counter, or online
Pre-Settlement Remittance


A special remittance service is provided for individual customers of ICBC (London) plc. With pre-fixed exchange rates, payments are effected in British Pound Sterling, US Dollars or Euros in the U.K. and can be received in Chinese Yuan by the Chinese beneficiary directly. This is a special remittance arrangement between ICBC (London) plc and ICBC Ltd domestic in China. Please note according to the foreign exchange regulation in China, if the pre-settlement remittance amount exceeds the beneficiary’s (Chinese only) annual limit, the fund will be returned.

Customers are able to use cash or their account balance credit to remit over the counter, by using the Remittance Application Form, which can be downloaded from here.

Customers can also use Internet Banking for remittance transactions at any time or place.

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  ICBC (London) plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.