CNY
¥
Chinese Yuan Renminbi
Official currency of China
ISO Country Code
CN
Decimal Places
2 / 4
Subunit
jiao
Payment Methods Available
Payment Options
Available payment methods and requirements
Choose the right payment method for your needs
Priority Payment
Fast processing with priority serviceM | SWIFT |
|---|---|
Cut-off Time (UK) | 08:30 |
D | Next Day |
M | No limit |
D | Any (excluding sanctioned) |
Trace | Available |
Recall | Available |
Ultimate Payer Displayed | Available |
Required Fields
Field requirements for this payment methodRecipient Name
Recipient Address
Recipient City
Recipient Bank Code
BIC/SWIFT
Account Number
IBAN
Payment Purpose Code
Currency Holidays
Currency settlements pause on public or bank holidays.
Currency Holiday Calendar
Official non-business days for this currencyNo holiday information available.
Account Format
Standards for account numbers and IBAN
Account Format & Structure
Standardised format for financial accounts with this currencyFormat Standards
| Format Type | Structure Pattern |
|---|---|
BBAN Basic Bank Account Number | XXX XXXX XXXX XXXX |
Example Accounts
| Account Type | Example Format |
|---|---|
B Bank Code | 104 |
B Branch Code | 1234 |
A Account Number | 567890123456 |
B BBAN | 1041234567890123456 |
Always double-check account formats before initiating payments to ensure successful transactions.
Additional Notes
Important information and special considerations
Special Considerations
Important notes and requirements for CNY paymentsPlease review these important notes before processing payments in CNY
1
CNY is officially known as Renminbi (RMB); 'yuan' is the primary unit.2
Local payments require valid CNAPS codes for routing.3
Non-ASCII characters are not supported in SWIFT messages.4
SWIFT character set includes: letters, numbers, spaces, and symbols / – ? : ( ) . , ‘ +5
Clients can send CNY payments into Mainland China via Swift. These funds are sent as a CNH payment and converted at a 1:1 rate from CNH to CNY upon arrival in Mainland China.6
Non-supported characters will be transformed to EBCDIC equivalent or removed on a best endeavors basis in order to comply with the restrictions of the Swift payment network. The permitted characters on the Swift network are letters, numbers, spaces and the following symbols: / – ? : ( ) . , ‘ +
For more information about payment requirements for CNY, contact your account manager or refer to the latest regulations.
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