Appointed Remittance

Our bank automatically deducts money from the signing bank and remits money to the designated account payee based on the agreed time and amount with our signed customers.

Features

1. Easy remittance regardless of time and space: The appointed remittance signed through multiple paths can meet your demand for remittance in advance, saving your time and labor in an easy and quick manner.

2. Smart remittance, multiple choices: Our bank can automatically select the remittance routes based on the designated remittance account and amount. As for the appointed remittance by CMB high-value payment system in off hours, multiple choices are available to you such as delaying remittance or canceling remittance.

3. Two remittance types and multiple accounts: You can sign periodic and aperiodic remittances; each designated account payee can bind above two remittances, and each signed account can sign multiple designed accounts payee.

4. Short message service, thoughtful service: In accordance with the signed application, our bank will send a message to the payee when the money is remitted to the account payee; and if the remittance transaction fails, our bank also sends a message to signed customers.

Service Charges

Expenses of remittance

Application and Approval Process

1. You can hold valid identity documents, CMB debit card master card, or all-in-one current passport to the service branch to sign, modify, or terminate the service of appointed payment; meanwhile, you must fill out the Application Form for the CMB Appointed Payment.

2. When signing the contract, you must fill out the correct information of the account payee (including the payee’s name, account number, the name of the beneficiary bank, the payee’s phone number, time, and amount, etc.) and others. The agreement shall become effective the next day after the agreement is signed; select “modify” transaction if you need to modify or cancel a single appointed remittance; select “terminate” transaction if you want to cancel all appointed remittances; upon the completion of the transaction, those operations of modification or termination shall take effect.

3. Each signed account can sign the service of appointed payment with multiple designated accounts payee, and each designed account payee can bind periodic or aperiodic remittance.

4. The appointed remittance is classified into aperiodic remittance and periodic remittance. If the aperiodic remittance is signed, you need to appoint the specific remittance date; and if the periodic remittance is signed, you need to select the remittance cycle and the specific remittance date. The optional remittance cycle is daily, weekly, or monthly. And if it is the weekly remittance cycle, the remittance date is from 1 to 7, and if it’s monthly remittance cycle, the remittance date is from 1 to 28.