It is best to choose domestic big banks for foreign remittance, because big banks have many agencies abroad. For example, Bank of China has branches in many big cities abroad, such as new york, London, Frankfurt and Tokyo. If the remitter handles the remittance of the draft at the Bank of China, the payee can go directly to the foreign business outlets of the Bank of China to handle the payment procedures. If there is no business outlet of the remitting bank, it shall be handled at the entrusting bank designated by the remitting bank. Relatively speaking, it is not as fast and convenient to handle it in the entrusting bank as it is in the directly affiliated business hall. In addition, the network of big banks should be wider. Compared with small banks, there are fewer intermediate turnover links and remittance is more secure.

To send money abroad, telegraphic transfer is a common method. At present, many schools require students to wire their tuition fees directly to designated accounts. Generally, wire transfer takes two to three working days to arrive, which is divided into foreign exchange remittance and foreign currency remittance. If foreign exchange remittance is adopted, China Bank will charge a handling fee of one thousandth of the remittance amount and a telegram fee of 150 yuan RMB (80 yuan in Hong Kong and Macao). If remittance is made in foreign currency cash, there is a certain amount of "cash-to-foreign exchange" fee in addition to one thousandth of the handling fee and telegram fee, which is charged according to the difference of "selling money to buy foreign exchange" on the same day.

Bill remittance means that the bank draws a draft for the remitter, and then I take the draft abroad or mail it abroad. There is no cable fee for remittance, and other charging items and standards are the same as telegraphic transfer.

Although the cost of remittance is relatively cheap, it is not as fast as telegraphic transfer, and remittance needs to go to the foreign outlets of the billing bank or the designated collection bank of the billing bank to understand the payment procedures.