Refers to the remittance account used for international remittance, and can also refer to the payee of remittance under certain circumstances. In international remittance, it means account and account.

International remittance mode:

1. T/T: International T/T is a remittance method. The remitting bank accepts the application of the remitter and sends a charge telegram to branches or correspondent banks in another country, instructing them to pay a certain amount to the payee.

T/T process: ① The remitter fills in the T/T application form, pays the remittance bank and obtains the T/T receipt.

(2) The collecting bank sends a telegram or telex to the collecting bank, and sends a telegram to the collecting bank to confirm and check the message.

(3) After receiving the telegram and checking that the passwords match, the remitting bank shall make a telegraphic transfer notice to inform the payee to withdraw money.

(4) The payee sends a withdrawal notice to the remittance bank in duplicate, and affixes a seal on the payee's receipt to the remittance bank, which will pay the remittance.

⑤ The remittance bank sends a payment deduction notice to the remittance bank to complete the remittance.

2. Bill remittance: among overseas remittances, bill remittance is the cheapest. Generally, only 0. 1% of the face value is charged as remittance handling fee. Remittances with capping restrictions only need the name and contact address of the payee, which is more suitable for students who leave the country for the first time and have not yet opened a bank account abroad. However, you can't get tickets on the same day. Once you lose your ticket, you need to go through the formalities of reporting the loss, and you can only refund your money after reporting the loss for several months.