All member banks of the Association have their own SWIFTCODE, namely SWIFT code. During telegraphic transfer, the remitting bank can send a payment message according to the SWIFTCODE of the receiving bank and remit the money to the receiving bank.

In telegraphic transfer business, when remitting money from remitting bank to remitting bank, the money can generally be remitted to the payee in full. But in most cases, there is no direct account transaction between the collecting bank and the collecting bank, and it must be remitted to the collecting bank through another bank or banks (that is, the collecting bank). Every remittance bank will deduct a remittance fee when doing remittance business. In this way, when the remittance is remitted to the payee, it is no longer the original remittance amount. Similarly, if foreign exchange is refunded, the amount refunded must be less than the original remittance amount.

After completing the bill remittance procedures, you can mail the bill to your relatives and friends or take it out of the country by yourself. If you or your relatives and friends have an account in the payment bank designated by the draft, or need money urgently, you can withdraw money directly from the bank with the draft and your valid ID card; Otherwise, you can submit the draft to your own bank, which will collect it from the paying bank.

Cash account refers to the deposit account that Hong Kong, Macao and Taiwan or overseas remit or bring in foreign exchange; A cash account refers to a foreign currency cash deposit account held by an individual.