Start with the invoice and supplier details
Before requesting a yuan deposit quote, have the invoice or goods description, supplier name and origin country ready. Specify whether your target is a dollar spending total or the exact yuan amount the supplier needs to receive. This distinction prevents fees from reducing an amount the supplier expected in full.
Match the beneficiary and receiving method
Ask the supplier to confirm the account holder and receiving details in writing, and compare them with the invoice. State the requested account type or receiving method so UR can check availability. A method mentioned by a supplier is not necessarily supported for every request. Confirm any changed bank details through a contact channel you already know.
Check the complete yuan quote
Ask for the reference amount and currency, exchange rate and quotation unit, fees, expected net yuan payout and quote validity. As an illustration without a fixed market rate, if the invoice requires an exact yuan amount, ask for the total dollars payable including fees instead of assuming that converting a dollar amount alone covers the invoice.
After submitting your request
Keep the invoice, confirmed details, quote, receipt and reference. Follow the status in your account and ask for confirmation when the deposit is completed. A payment receipt alone does not confirm that the supplier account has been credited. Contact UR about any beneficiary or account discrepancy before paying again.
Your enquiry checklist
- Origin country, amount and target currency
- Supplier invoice and receiving account holder
- Requested account type or receiving method
- Quote showing total payable, fees and net yuan payout
Bank transfer and SWIFT details: a request checklist
Prepare a UR bank transfer request with beneficiary name, account number or IBAN, SWIFT, payment purpose and documents, then confirm fees and estimated timing.
Read the guideUnderstand transfer costs: exchange rates, fees and net payout
Distinguish the transfer amount, total payable and expected net payout, check the exchange-rate unit and confirm possible charges before approving a UR request.
Read the guideTrack a UR transfer by reference: status and receipt help
Use an issued UR transfer reference, distinguish it from an enquiry number or payout code, and prepare a clear support request if the status needs checking.
Read the guide