Guide for Inward Remittance from Mainland China and Oversea
To fully utilize the banking services we provide, the first thing you need to do after opening an account is making a deposit into your WeLab Bank Core Account! We will go over in detail how to deposit money from Mainland China and Oversea to WeLab Bank.
All you need to do is to initiate a cross border remittance on your third party Banking APP or the banking website. There are 4 steps in the procedure:
Select “Foreign Exchange Purchase” on your Mainland Bank’s APP and convert RMB to HKD or USD
Select “Foreign Exchange Purchase” on your Mainland Bank’s APP and convert RMB to HKD or USD
After reading and agreeing to the application for purchase of the foreign exchange, fill in the information of the purchase, which usually includes the currency, amount and purpose of the purchase, and choose to purchase in cash or banknotes. Click Confirm to complete the purchase.
Generally, consistency of remittance purpose throughout the steps is essential for a smooth remittance experience to avoid delay or rejection of remittance.
After reading and agreeing to the application for purchase of the foreign exchange, fill in the information of the purchase, which usually includes the currency, amount and purpose of the purchase, and choose to purchase in cash or banknotes. Click Confirm to complete the purchase.
Generally, consistency of remittance purpose throughout the steps is essential for a smooth remittance experience to avoid delay or rejection of remittance.
Once the purchased amount has been credited, you can then make cross-border remittance in the App. For examples, select "Cross-border Remittance", "Foreign Exchange Remittance", "Transfer Remittance" or "Cross-border Finance" on your Mainland bank's App.
Once the purchased amount has been credited, you can then make cross-border remittance in the App. For examples, select "Cross-border Remittance", "Foreign Exchange Remittance", "Transfer Remittance" or "Cross-border Finance" on your Mainland bank's App.
Fill in the payee information here with information about WeLab Bank. Note that the information should be in English and the payee's name should be typed in all capital letters.
Payee Message
- Payee Bank：WELAB BANK LIMITED
- SWIFT Code：WEDIHKHH
- Payee Bank Account Number:
- Payee Bank Account Name:
- Payee Bank Address: FLOOR 23, K11 ATELIER KING'S ROAD, 728 KING'S ROAD, QUARRY BAY, Hong Kong
Enter the currency, amount, payer’s name, and purpose of the remittance after completing the payee information.
And that's it! Typically, remittance payments take 1 to 5 business days to process, but the actual time required depends on the circumstances of each case, and once completed, the funds will be deposited directly into your WeLab Bank account.
Fill in the payee information here with information about WeLab Bank. Note that the information should be in English and the payee's name should be typed in all capital letters.
Payee Message
- Payee Bank：WELAB BANK LIMITED
- SWIFT Code：WEDIHKHH
- Payee Bank Account Number:
- Payee Bank Account Name:
- Payee Bank Address: FLOOR 23, K11 ATELIER KING'S ROAD, 728 KING'S ROAD, QUARRY BAY, Hong Kong
Enter the currency, amount, payer’s name, and purpose of the remittance after completing the payee information.
And that's it! Typically, remittance payments take 1 to 5 business days to process, but the actual time required depends on the circumstances of each case, and once completed, the funds will be deposited directly into your WeLab Bank account.
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- Cross-border remittances from Mainland China is subject to the rules and requirements of the jurisdiction of the originating end and the receiving end.
- The screen displays and the images of the website are for illustrative purpose only.
- The information provided in the website is for general information only without warranty of any kind and may be changed at any time without prior notice.
- Charges associated with cross-border remittance do not include other bank fees, such as the corresponding bank handling charges. Our charges may be deducted from the remittance, and the actual amount received may be different due to the charges.