Yes, in cross-border remittance, both the sender and the receiver need to pay a certain percentage of handling fees. Cross-border remittance refers to the transfer of funds to institutions or individuals in different countries through bank transfer. The emergence of cross-border remittance has greatly promoted the development of cross-border trade.

The benefits of cross-border remittance include: avoiding the trouble brought by carrying cash, greatly improving the security, because there is a third-party guarantee, both parties feel more secure, and cross-border remittance provides the possibility for large-scale international transactions.

How to remit overseas remittances?

1. Users can go through the bank counter and only need to provide ID card, bank card and remittance application form;

2. Users can also remit money through online banking: Take ICBC as an example, log in to online personal banking, click on the toolbar to transfer money, select cross-border remittance, fill in the correct remittance information, confirm the information, and then submit it.