Name
Bank of China agency service of bill payment
Introduction
Bank of China is able to provide bill payment agency service for personal customer. It means that after acceptance of entrust agreement with relevant user and charge collection entity (e.g. enterprise or institution supplying water, electricity, gas, insurance and so on), Bank of China will, on behalf of corresponding user, pay or collect such fee for those collection customers.
Such bill payment service includes two ways, namely initiative bill payment and proxy payment deduction.
Initiative Bill Payment:
You can initiatively pay charge or fees of fixed-line telephone, mobile phone, cable television, electricity, and others through outlets, phone banking or online banking service of Bank of China.
Proxy Payment Deduction:
Bank of China accepts such entrust from charge or fee collection entity and user and, on a stated date under such respective agreement, accordingly deducts specific payment amount off users' settlement account in accordance with corresponding charge list provided by such bill payment collection entity, which is an agency business to facilitate both user payment and entity collection.
Process
Customer may arrive in Bank of China with relevant documents to handle such service
Kind Reminder
The content above is just for reference, and detailed business type and handling procedure shall be subject to relevant specifications of the local branch of Bank of China.
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