Informing customers of intermediary banks in the foreign exchange remittance path is only to save time and expenses. After providing the information of the intermediary bank, you should also fill in the name and account number of the receiving company when handling the remittance, and give the bank name, SWIFT number and account number of the bank in the intermediary bank as additional information to the paying bank. After the paying bank knows the information of the middle bank, it can remit the money more quickly, sometimes saving time and money.

Intermediary banks are different from paying banks and receiving banks, and they only assume the role of fund transfer in the process of international remittance. How to understand it?

In many cases, because there is no direct business relationship between remitting bank A and receiving bank B, it is not very convenient to settle accounts. Just like two people know each other's names, but they are not familiar with them, and they need a third party C recognized by both sides as a transit. This C has business dealings with other banks, so the middle banks are generally big banks with strong international settlement ability and strength. More colloquially, it's like flying from Shanghai to Switzerland. In many cases, there is no direct route, so you need to choose a transit.