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Money transfer self-service channel arrives in China

Chinese residents will now be able to transfer or receive funds globally through a self-service account deposit service with the Bank of China.

September 2, 2015

Chinese residents will now be able to transfer or receive funds globally through a self-service account deposit service with the Bank of China. This service was designed by money transfer company MoneyGram and is available for Chinese customers, according to a press release.

The service can be accessed via website, mobile device or kiosk and allows customers to receive MoneyGram transactions into their bank accounts.

"MoneyGram's launch with Bank of China means that our customers in China can conveniently receive funds with the click of a few buttons," said Grant Lines, MoneyGram's executive vice president of Asia Pacific, South Asia, Middle East and Russia. "This makes money transfers easier for our customers and also expands the company's self-service offerings around the world."

Users can receive funds in the U.S dollar, the pound, the euro, the Australian dollar and other currencies.