1. telegraphic transfer (T/T): It is a remittance method in which the remitting bank accepts the application of the remitter, and notifies the branch or correspondent bank where the payee is located, that is, the remitting bank (also known as the remitting bank), by means of additional telegram, telex or SWIFT (commonly used at present), instructing it to remit a certain amount to the payee.
2. Draft; Draft remittance refers to a remittance method in which the remittance bank, at the application of the remitter, opens a sight draft on behalf of its branch or agent as the paying bank and gives it to the remitter, who sends it to the payee or carries it by himself, and the designated paying bank pays a certain amount to the payee in the form of draft. For example, my recent remittance request (swift). Go directly to the bank and tell the counter lady the following. PS: Not all banks and outlets can exchange foreign currency. It is recommended to consult the local bank first. (Only some outlets such as Bank of China, trade unions and China Merchants Bank can do foreign exchange business.)
Account number: 00xxxxxxxxxxxxxx
Account name: pascu xxxxxxxx
Bank Name: Santander Bank
IBAN number: xxxxxxxxxxxxxxxxxx
SWIFT number: xxxxxxxx