What are the payment rail limits for transfers to China?
For Alipay transfers
A single transfer is capped at CNY 30,000
A maximum of CNY 800,000 for ‘Family Support (to Close Relatives)’ or ‘Savings (to Self Only)’ can be received by the same recipient per year, across all overseas Alipay transfers
For 'Payments for Goods', a maximum of CNY 600,000 can be received by the same recipient per year, across all overseas Alipay transfers
For ‘Payment for Service’, a maximum of CNY 300,000 can be received by the same recipient per year, across all overseas Alipay transfers
For UnionPay transfers,
A single transfer is capped at CNY 18,000
The daily limit is capped at a maximum of USD 10,000 (or equivalent) can be received by the same recipient per day, across all overseas UnionPay transfers
The yearly limit is capped at USD 50,000 (or equivalent) can be received by the same recipient per year, across all overseas UnionPay transfers
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help@maribank.sg
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