Service Summary

The bank acts as the agent to collect money from the payer for the payee.

Features

•  Applicable both to intra-city and inter-city settlement.

•  Applicable to funds settlements by right of accepted commercial bills, bonds, CDs and other certificates of debt obligations.

•  Two collection modes, by telegraph and by mail, are available for your choice.

•  For both corporate and personal clients.

•  No threshold in amount.

•  Designated agency intra-city collection for public institutions may be subjected the approval of the local office of the PBOC.

Business Processing

To handle it, the applicant shall present related bills and invoices, fill in the quint-duplicate Agency Collection Form and seal the third one.