USD Clearing & Settlement

Leverage our extensive global payment network and industry expertise to access new markets and grow your business.

INTRODUCTION

Bank of China U.S.A.’s New York branch has provided USD clearing services through both the Clearing House Interbank Payments System (CHIPS) and the Federal Reserve’s Wire Transfer System (Fedwire) for almost 40 years, building an unrivalled track record in cross-border transactions, focused on the U.S. and Greater China.

Our experienced staff deliver 24-hour New York-based multilingual customer support and tailored services to ensure client payments are closely monitored and processed efficiently. Underpinning this commitment to our clients is our robust risk governance program that guards the safety, continuity, and confidentiality of our clients’ businesses.

USD clearing services from our New York branch include:

Customer remittance
Inter-bank transfers
Inquiry and claims around specific payments
24-hour online customer support

Eligible Financial Institutions

Financial Institutions that hold accounts with BOC U.S.A’s New York branch