RMB Bank Transfer (人民币银行转账) is an ideal and reliable payment method for securely processing standard, large-amount transfers. Please review the important prerequisites and follow the step-by-step guide below to complete your payment smoothly.
Requirements for a RMB bank transfer
- Eligible Payers: This method is only available to Mainland Chinese citizens holding a valid Mainland Chinese National Identity card.
- Document Verification: You must upload an official payment invoice or bill from your institution. This serves as proof of the payment's legitimacy and is required to complete the necessary foreign exchange compliance review.
- Processing Timeline: This is not a real-time transfer. After payment is made, funds are typically confirmed within 1–2 business days (excluding weekends and public holidays), including document verification. Once approved, it usually takes another 1–2 business days (excluding weekends and public holidays) for the funds to be delivered to the school. You will then receive an email confirmation and be able to download your final receipt.
- Action Required: If your uploaded documents or Payer ID fail verification, or are not provided/updated in time, your payment request will be canceled and the funds will be refunded.
Steps to complete your RMB bank transfer from China
Step 1: Fill in your details
Enter all required information, including the valid Chinese National Identity card details of the actual payer (the bank account holder sending the funds). Ensure the payer’s name is written in Chinese characters and the ID number exactly matches their physical card.
Step 2: Upload the payment invoice
As required by local regulations, you must upload your official payment invoice to serve as proof of the payment purpose. Please review the on-screen instructions to ensure your document meets the required format and clarity.
Step 3: Make the payment
Once your documents are uploaded, the page will display your unique payment instructions (you can scroll to the bottom of the page to download this file for reference). Transfer the exact amount in Chinese Yuan (CNY) via online banking, mobile banking, or at a bank counter using the provided details. Please ensure the transfer is made directly from the payer's bank account that you specified when creating the payment request.
Step 4: Verify and confirm
After you make the bank transfer, your payment request information and uploaded documents will undergo a foreign exchange compliance review by our licensed partners within 1–2 business days (excluding weekends and public holidays). Once verified, your payment status will be updated, and both you and your institution will be notified. If your verification fails, Flywire will contact you via email or phone for the next steps.
Step 5: Payment delivery and receipt
Once your document is successfully verified, your payment status will update, and the funds will be delivered to your institution within the next 1-2 business days (excluding weekends and public holidays). We will send a confirmation email to the payer’s email once the transfer is complete, and an official payment receipt will be available for download.