Business introduction

Outward remittance: outward remittance business refers to the service that our bank, entrusted by the client, remits the foreign exchange to the designated payee account by the client through our overseas agent bank.

Outward remittance is divided into telegraphic transfer, mail transfer and bills of remittance.

Serving function

1. Outward remittance is suitable for both domestic and international settlements of various payments and businesses.

2. Relative to cash settlement, the bank remittance is low in cost,  fast in speed, safe and convenient.

Business process

1. The client shall fill in the “Application Form for Overseas Remittance ” or “Application Form for Domestic Remittance” and affix the seal card reserved seal of enterprise units. The client shall be also required to fill in the Declaration Form of International Balance of Payment.

2.The outward remittance shall be divided into current accounts (trade, non-trade) and capital account in accordance with the foreign exchange remittance regulations of the State Administration of Foreign Exchange. The “Trade Import Payment of Foreign Exchange Verification Sheet” shall be filled in for the remittance under trade account and the “External Payment of Foreign Exchange Verification Sheet” shall be filled in for non-trade and capital accounts.

3. The bank shall carry out compliance audit and surface consistent approval on the valid documents and commercial invoices for foreign exchange remittance by the payer, and shall go through the procedures after reviewing and approving.

4.Outward remittance refund: as for the remittance refund by telegraphic remittance, the remitter shall put forward written application and remittance slip, with which the the remitting bank shall ask the paying bank to return the remittance. Only after receiving the answer of the paying bank to agree to return the remittance and receiving the remittance cash, can the remittance be returned; as for the remittance refund by bills of remittance, the remitter shall present the original bill of exchange and endorse. The drawer bank shall write off the original bill and go through the remittance refund procedures.

Characters of our bank

Direct foreign exchange remitting channels, efficient and convenient for domestic and overseas remittance.

The text on this page is reference only, of which the power of interpretation shall be vested in Jiutai Rural Commercial Bank Co., Ltd. Of Jilin Province. Part of the content shall be subject to the notice and concrete provisions by the local branches.