The difference between remittance and telegraphic transfer

Remittance means that the remitter delivers the local currency to the local bank, and then the bank issues the payment authorization and sends it to the foreign branch or correspondent bank by airmail to handle the foreign exchange payment business. T/T is a remittance method in which the remitter deposits a certain amount of money in the remitting bank, and the remitting bank remits it to the destination bank (remitting bank) by telegraph or telegraph, instructing the remitting bank to pay a certain amount to the payee.

For ordinary users, transfer is often divided into intra-bank transfer and inter-bank transfer. It is worth noting that handling inter-bank transfer may require a certain handling fee. Then pay attention to the time of the account when handling the transfer. If you can't receive the account for a long time, you can call the bank.

Users can choose different channels when transferring money according to their actual situation, such as bank counters, mobile banking, online banking, ATM machines and so on. When transferring money, the arrival speed of different channels may be different, and the amount of different transfer channels will also be limited.

If the user transfers money, it is best to fill in the payee's name, card number and other information in detail, and the bank will charge a certain fee when transferring money between banks. Notify the payee in time after the transfer, so that the payee can check the account balance in time to avoid long-term non-receipt.