Remittances to overseas countries need to be cleared through clearing banks. Simply put, remittance banks need to open accounts in foreign banks, and foreign exchange is transferred through this bank, which is the so-called intermediary bank. A remittance may go through several intermediary banks before it is finally recorded in the receiving bank. Transfer processing should mean that the intermediate bank completes the transfer.

Extended data:

Advantages:

First, it reduces the risk of losing your own cash, and it is relatively safe and convenient to apply for a foreign currency carrying certificate regardless of the amount.

Second, it can be repaid after consumption, which is convenient for repayment. For international credit cards issued by some banks, cash can be directly deposited in all domestic outlets, and repayment can also be made through ATM or online bank transfer.

The third is the discount fee. With international credit cards, parents save money at home and children spend money abroad, and there is no handling fee. Using a credit card can not only avoid the risk loss of foreign currency exchange, but also avoid paying foreign currency exchange fees.

Fourth, after handling the primary and secondary cards, children can use the secondary cards to spend abroad. In addition to using the main card to repay money at home, parents can also monitor their children's consumption abroad.

But when using credit cards, we must pay attention to two points:

First, pay the arrears on time,

Second, don't overdraw, so as not to develop the bad habit of being extravagant.

Baidu encyclopedia-cross-border remittance