Foreign remittances can be divided into three types: telegraphic transfer, letter transfer and draft. Fast crossing speed; Saving remittance cost; Bill remittance can be self-contained and transferable, which is convenient and flexible.
Remittance refund: (1) The remitting bank can refund the unpaid amount to the remitting bank according to the requirements of the payee, remitting bank and remitting bank. (2) Remittances received by the collecting bank, if they do not belong to the business of the Bank and its branches, can be directly returned to the collecting bank, and the reasons for the remittance return shall be indicated in the summary column. (3) When remitting foreign exchange, the remitting bank shall go through the formalities of remitting foreign exchange after finding out that the remittance position has been properly received.
Legal basis: Article 35 of the Foreign Trade Law of People's Republic of China (PRC). In foreign trade activities, foreign trade operators shall abide by the relevant state regulations on foreign exchange management.