What is a global receiving account?

A global receiving account is the account provided by XTransfer for you to receive payments for global physical trade. It is free of charge, without the need to establish an oversea company or visit the local bank branch overseas.

Currently, the partner banks for XTransfer's global receiving accounts are DBS Bank (Hong Kong) Limited, J.P. Morgan Chase Bank Hong Kong Branch.

An XTransfer receiving account refers to the account and sub-account opened by XTransfer in partner banks, and is not a bank account opened directly with the partner bank. Using XTransfer's collection service does not constitute a direct contract or legal relationship between you and XTransfer's partner banks.