1. T/T: Remittance is made by telegram. It is a payment method that the payer deposits a certain amount of money in the remittance bank, and the remittance bank sends it to the destination branch or agent bank (remittance bank) by telegram or telephone, instructing the remittance bank to pay a certain amount to the payee.

2. Acceptance: It is a record that the holder requires the drawee to pay before the bill expires.

Second, the form is different.

1. T/T: T/T is suitable for settlement in different places, and the handling fee is charged according to the remittance amount, which varies from place to place, generally ranging from 5 to 20 yuan. Wire transfer requires the remitter to fill out the wire transfer form and go to the bank counter to handle it. Wire transfer usually takes two hours and can be received within one working day at the latest.

2. Acceptance: According to the different ways of acceptance, it can be divided into formal acceptance and brief acceptance. The former, also known as complete acceptance, is an acceptance behavior in which the acceptance statement is recorded on the front of the bill and signed by the payer. The latter refers to the promise of the payer to sign and seal only and not accept the judgment.

Extended data:

Conditions for drawer of bank acceptance bills:

(1) Legal persons and other organizations that open deposit accounts in the accepting bank;

(2) It has a true entrusted payment relationship with the accepting bank;

(3) Can provide a legally binding purchase and sale contract and its VAT invoice;

(4) It has sufficient payment ability, good settlement record and settlement reputation.

(5) Good credit relationship with banks, no loans overdue record.

(6) Can provide corresponding guarantee, or deposit a certain percentage of deposit as required.

Baidu encyclopedia-telegraphic transfer

Baidu Encyclopedia-Acceptance