T/T is a remittance method, and the holder gives the T/T slip to the remittance bank. The remittance bank notifies the branch or correspondent bank of the remittance place by telephone and transfers the funds to the relevant account according to the wishes of the holder.

1. The meaning of telegraphic transfer

T/T means that the holder hands over the T/T slip to the remittance bank, which informs the branch or correspondent bank of the remittance place by telephone and transfers the funds to the relevant account according to the holder's wishes. This is a common means in foreign exchange settlement. So how do you handle the wire transfer? The remitter needs to go to the counter to fill out the wire transfer form, and this information needs to be filled in completely. The wire transfer fee varies from 5 yuan to 20 yuan, which is still relatively high. After understanding the handling process of telegraphic transfer, it is necessary for us to understand its advantages, that is, the transfer speed is fast, generally it can be received within one working day, and it can be transferred to someone else's account within two hours at the earliest. So if you need to transfer money urgently, you can choose wire transfer.

2. What is the main purpose of telegraphic transfer?

After you know what telegraphic transfer means, some people want to know what it is mainly used for. T/T is mainly used for salary payment, retirement fee forwarding and fund transfer payment. Students' tuition and books can also be paid by telegraphic transfer ... its use is no different from general transmission.