Business Introduction

It refers to the business that our bank pay the remittance to the payee according to the instruction of the foreign agent bank. The inward remittance is divided into telegraphic transfer, mail transfer and bills of remittance. Telegraphic transfer is fast in speed, mail transfer saves money and bills of remittance can be brought by oneself, which is transferable and flexible in use.

Serving function

To provide the clients with the service to collect foreign exchange remittance.

Business process

1.The remittee bank receives the remittance advice message from the depository bank.

2.After reviewing and approving, the remittee bank shall pay the inward remittance or make settlement of exchange.

3.The remittee bank must conduct the relative formalities to pay the inward remittance to the client, strictly according to the relating regulations of the state foreign exchange administrative department. In general case, the payment of inward remittance shall be based on the “acknowledgment of cash ” principle.

The characteristics of our bank

Our bank has advanced SWIFT system, with direct foreign exchange remittance route for efficient inward and outward remittance.