The bank is responsible for repaying the funds to the designated payee according to the instructions of the state foreign exchange travel。
Product classification
Used to meet the needs of international fund transfer settlement。The methods of remittance include telegraphic transfer, mail transfer and draft, and telegraphic transfer and draft are commonly used at present。
Product characteristics
1.Low cost。Compared with letter of credit and collection, remittance is simple and cheap。
2.Fast speed。The speed of telegraphic transfer is faster, which is conducive to the timely collection of exporters and speed up the turnover of funds。
3.Easy to operate。The operation is simple and easy, and the application range is wide。
Scope of application
1.If the customer has high requirements for the speed of capital turnover or control of financial costs, it is appropriate to choose inward remittance。
2.For settlement under non-trade and capital accounts, remittance is required。
Application conditions
Approved and registered according to law, with the annual inspection of the legal person business license or other effective documents to prove the legality and scope of its business。
Business process(Solid line is telegraphic transfer and mail remittance, dotted line is bill remittance)
1.Our bank receives a remittance instruction telegram (wire transfer) or instruction letter (mail transfer) from China Foreign Exchange Travel, or a bill of exchange presented to us by the payee (draft).。
2.The bank will remit the remittance to the payee after verifying the above instruction cable, letter or draft and receiving the position properly。
Warm reminder
1.If you have an account with the remitting bank, the bank will credit the remittance directly to the account;If you do not have an account with the remitting bank, the bank will handle the transfer for you in a reasonable manner;
2.If you do not receive the remittance in time, you had better check with the bank in time。