International Wire Transfer-International Telegraphic Transfer

International Wire Transfer/International Telegraphic Transfer-What is the international wire transfer?

International wire transfer/ International Telegraphic Transfer is the remitting bank should be the sender of the application, plus keying in charge, telegram or telex to the branch or agency of another state (receiving bank), indicating a certain amount it can pay a remittance to the payee .

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International Wire Transfer/ International Telegraphic Transfer- means

International wire transfer of the basic processes and procedures are:

(1) wire transfer remitter fill out an application, payment paid to the export line, to obtain wire transfer receipt.

(2) The receiving bank issued line plus export charges, telegram or telex, telegram confirmed the book and sent to the receiving bank, in order to check the message.

(3) the receiving bank receives telegram, check the TEST KEY after the match, Drawing wire transfer notice, notify the recipient withdrawals.

(4) the recipient holds a notice in two linked to the receiving bank teller, payee receipt shall be stamped, to the receiving bank, receiving bank to be able to pay with money.

(5) The receiving bank will be paid debit notice sent to the remitting bank to complete a wire transfer.

Wire transfer payment faster, but a higher fee, so only the amount of larger or more in case of emergency only use the wire transfer. In addition, notice by telegram, delivery time is very short on funds, export bank to take money for a short time, sometimes can not take money.