Remittances remitted abroad by telegraphic transfer can be refunded, but whether the money can be recovered in the end depends on the payee and the bank where the payee opens an account. Inter-bank transactions usually take 1 to 3 working days to reach the account, as they need to be handled through the counters of both banks, and the next working day is the earliest.

Remittance refund: refers to cancellation before payment.