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Introduction

Bank of China - New York is a real time on-line member bank of the two major payment systems in the U.S, the Clearing House Inter-bank Payment System (CHIPS) and Federal Reserve Bank Wire Transfer System (FEDWIRE). Currently, Bank of China - New York ranks around 10th by volume among 52 member banks of the CHIPS. Benefiting from the extensive global correspondent's network established by Bank of China Head Office, Bank of China - New York has also established direct correspondent relationships with hundreds of banks in the U.S. Bank of China - New York is not only the principal U.S. dollar clearing channel of Bank of China Group worldwide, but is also the first choice of U.S. dollar wire transfers to and from China by many financial institutions, corporations and individuals.

The global wire transfer service of Bank of China - New York is accomplished by its Global Payment System (GPS), which is fully automated and connected to the SWIFT, CHIPS and FEDWIRE systems. Within one business day, your qualified wire transfers transmitted through the GPS will reach the designated beneficiary in major cities in China and around the world. In addition, you can expect to receive wire transfers into your account within one business day from the day the overseas bank initiates the transfers.

Bank of China - New York's FEDWIRE ROUTING ABA number is 026003269, CHIPS PARTICIPANT number is 0326, SWIFT BIC is BKCHUS33 and CHIPS UID is 116246.

Our global wire transfer service can provide you with following benefits:

·         Efficiency, accuracy and reliability

·         Built-in functions to assure smooth transmission

·      Investigation Group to solve your problems quickly and efficiently

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