TEACHERS DISCUSSION FORUM
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Re Bank of China Distrustful As Usual!
Former FT in China
- 2016-11-06
Re Bank of China Distrustful As Usual!
The bank manager said that the bank asking for the tel no of a customer from a western bank that has remitted foreign currency to a BOC account holder is one of the BOC's regulations. He does not know why that regulation exists. He also said that said customer will be sent a text message (text messages) to his/her mobile to inform him/her that a foreign currency telegraphic transfer/foreign currency telegraphic transfers awaits/await processing only if the customer pays 2RMB/month in advance for this service.
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Re Bank of China Distrustful As Usual!