Foreign exchange remittance refers to the bank's settlement business of remitting the remitter's funds to the payee in a certain way through its foreign correspondent bank or correspondent bank at the request of the remitter.

According to the different payment instruments used in remittance, foreign exchange remittance can be divided into three types: wire transfer, letter transfer and draft, among which letter transfer is less used in practical business; According to the flow of funds, it can be divided into outward remittance and inward remittance.