What is the function of overseas remittance transaction code?

Its function is to use the "remittance to overseas banks" function of personal online banking to handle remittance from overseas banks. Only numbers, uppercase and lowercase letters and "-"can be entered in the payee account. To remit money to EU countries, you need to directly enter the IBAN number in the "Payee Account" without entering the account number.

The payee account number in overseas remittance refers to IBAN, which is a bank account number formulated by the European Banking Standards Committee (ECBS) (IBAN number is 34-bit string at most).

Generally, you can get the IBAN number from the bank (note: domestic banks do not have the IBAN number).

Extended data:

Precautions for cross-border remittance:

In Europe and America, traveler's checks are as widely used as cash, which can be used for shopping, catering and paying insurance premiums. Buying in domestic banks requires a certain handling fee, which is generally 65438+ 0% of the face value, and the top is not capped. In addition, in some economically underdeveloped countries or regions, direct consumption may not accept traveler's checks, so you should consult clearly before choosing to use them.

In addition, major domestic banks have launched international credit cards, either with both RMB and specific foreign currency accounts, or with special single foreign currency accounts, which can be used abroad. Some banks have also specially launched credit cards for international students, which can basically provide rich currency options for major countries and regions studying abroad.

Therefore, if you need to carry more foreign currency funds, you can consider depositing part of it into a credit card. However, it usually takes some time to apply for a credit card, so you should apply in advance.

Baidu encyclopedia-cross-border remittance