Separate three amounts
The transfer amount is the basis of your request, total payable is what you must pay including agreed fees, and net payout is what the beneficiary is expected to receive in their currency. Ask for these figures separately. Compare quotes using the same origin, destination, amount, currency pair, delivery method and quote time.
Read the rate unit and direction
A bulletin may quote per dollar, per hundred dollars or another unit. Establish the unit and conversion direction before multiplying. If the quote is per hundred dollars, calculate the number of hundred-dollar units first. Do not automatically substitute a buying rate for a selling rate; ask which rate applies to your request.
An example with a separate fee
This is an educational example, not a UR price: a 1,000 dollar principal with a separate 10 dollar fee costs 1,010 dollars when the fee is added on top. If the fee is instead deducted from a fixed 1,000 dollar total, 990 dollars remain before any conversion or other deductions. Confirm which approach your actual quote uses.
Confirm validity and external deductions
Ask about payment or intermediary bank fees and whether they are included or potentially deducted outside the quote. The calculator and bulletin help with enquiries and do not reserve a rate. Obtain confirmation of the corridor, currency, expected net payout and quote validity before payment, and retain it with your receipt.
Your enquiry checklist
- Rate unit, conversion direction and currencies
- Are fees added on top or deducted?
- Total payable and expected net payout
- Quote validity and excluded deductions
Paying suppliers in China in yuan: prepare your UR request
Prepare a China supplier payment request with the invoice, beneficiary name, account type and yuan target, then check the exchange rate, fees and expected net payout.
Read the guideBank 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 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