LARGE TRANSFER PROCESS
Standardized Six-Step Workflow
VG Financial Service large remittance · Average end-to-end execution: 6–12 hours
Initial Consultation
Engage relationship manager via official channels · State amount, currency, and destination
In-Person KYC & Agreement
Branch visit · Document review · Sign FX service agreement (existing clients may skip)
Rate Quote
Relationship manager provides daily large-amount FX rate · Beijing time 11:00
Rate Confirmation & Account
Confirm rate · Receive designated RMB receiving account for this transaction
RMB Payment & Receipt
Transfer RMB to designated account · Submit bank transfer receipt or electronic confirmation
FX Outbound
Relationship manager executes FX outbound and provides remittance slip · 6–12 hour settlement
Required Documentation
· Government-issued ID (passport / driver's license) · Recipient bank account details (incl. SWIFT) · Source of funds documentation · Tax records for high-value transactions
Optimal Submission Window
· Beijing time Mon–Fri 11:00 · Aligns with HK market open · 30-minute rate lock validity · Pre-booked rate locks for large amounts
Pricing Structure
· No fixed transaction fees · Pricing embedded in exchange rate · VIP client preferred pricing
Download Complete Process Guide (PDF)
START WITH VERIFIED CHANNELS