With REasy you can pay your supplier in China directly to their commercial bank account
This method is ideal when your supplier provides you with official Chinese business bank details
What you need to pay via bank transfer
Before starting your transfer make sure you have
- The bank account holder full name (must be in Latin characters not Chinese)
- The bank name
- The bank account number
- The bank account holder’s full address
- An invoice for the payment
How to pay via bank transfer on REasy
- Open the REasy app
- Go to Send Money
- Make sure your account is topped up with sufficient XAF balance
- Choose Bank Transfer as the delivery method
- Enter the amount you want to send in CNY you will see the XAF equivalent conversion
- Add or select your supplier as a beneficiary
- Upload the invoice for this transaction
- Enter the following details
- Bank account holder full name
- Bank name
- Bank account number
- Bank account holder’s full address
- Review all details carefully and confirm your payment
REasy will convert your XAF to CNY and send the money to your supplier’s bank account
Limits for bank transfer payments
There is no limit for sending to Chinese commercial bank accounts
You can send any amount depending on your REasy account level and verification status
Important notes
- The bank account must be a commercial account in Mainland China
- The bank account holder’s name must exactly match the registered business name in Latin characters
- If any incorrect details are entered the payment will fail and be refunded
- The invoice should match the business transaction
When will the money arrive
Bank transfers to Chinese commercial bank accounts are generally processed quickly
However the exact time depends on the supplier’s bank and possible regulatory checks in China
In most cases the funds are credited within a few working days
For larger amounts or first time payments additional verification by the bank may take more time