PanPay Standard Service Fee

Business Types

  • 1. Business registered in HK/Mainland China
  • 2. Foreign-registered, Chinese owned/managed business

Legal residents of China (Mainland, Hong Kong, Macao and Taiwan)

Low-risk business registered in HK/Mainland China/ Singapore/EU/UK/US

Legal residents of China (Mainland, Hong Kong, Macao and Taiwan)

High-risk business registered in HK/Mainland China/ Singapore/EU/UK/US

Legal residents of other low-risk countries

Low-risk business registered in HK/Mainland China

Account fees

Due diligence

Free

Free

€100

Account application review (Single Currency)

€10/account

€10/account

€10/account

Account application review (Multiple Currency)

€30/account

€30/account

€30/account

Account monthly maintenance

€5/account

€5/account

€5/account

Account closure (

Balance remaining?

Free

Free

Free

Payment fees (Incoming per transacton)

Receive payments from other PanPay accounts

Free

Free

Free

SWIFT

SHA (except sanctions) and local incoming payments

*Currently supports local incoming payments in the US,

SEPA, the UK, Hong Kong (China), Canada, and more

€1

0.1%,Min Fee €15

0.1%,Min Fee €15

Compliance-Intensive (for transactions involving related-party dealings, etc.)

Addtional 0.1%,Min Fee €15

No Addtional

No Addtional

Payment fees (Outgoing per transaction)

B2B

Payment to other PanPay accounts

Free

Free

Free

Standard Link (SWIFT

SHA, except sanctions)

€15

0.1%,Min Fee €30

0.1%,Min Fee €30

If opting Express Link (selected currencies supported to Mainland/Hong Kong/UK/US/

SEPA)

Addtional €15

Addtional €15

Addtional €15

Compliance-Intensive (for transactions involving related-party dealings, etc.)

Addtional 0.1%,Min Fee €15

No Addtional

No Addtional

B2C

Payment with individual (Compliance intensive)

0.1%,Min Fee €30

0.1%,Min Fee €30

0.1%,Min Fee €30

Payment fees (RMB Remittance per transaction)

RMB Remittance to Mainland China (1 Day)

0.4%-1.0%,Min Fee €15

0.4%-1.0%,Min Fee €15

0.4%-1.0%,Min Fee €15

RMB Quick Remittance to Mainland China (Real-Time)

1.0%,Min Fee €30

1.0%,Min Fee €30

1.0%,Min Fee €30

Other potential one-time fees

Entity profile modification/re-registration

€30

Stamped or signed PanPay account confirmation(confirmation letter /Account opening certificate /balance statement, etc.)

€30

RECALL/FRAUD of Incoming funds requested by remitting party

€30

Fees incurred when a transfer is returned due to incorrect payment information, customer-initiated cancellation, or compliance reasons.
(Note: Processing time is not guaranteed when intermediary banks are involved, and some banks may charge additional fees.)

€30

Fees incurred when requesting to amend or cancel a transfer instruction after it has been submitted.
(Note: Processing time is not guaranteed if intermediary banks are involved, and some banks may charge additional fees.)

€30

Fees incurred when requesting a trace on a transfer after it has been submitted.

€30