The remitter refers to the debtor, usually the importer in international trade. When the remitter entrusts the remitting bank to handle the remittance, he should pay attention to the following matters.
1) Fill in the formatted application provided by the remitting bank
The remittance application is a contract between the remitter and the remitting bank. The remitter should fill in the application accurately according to the actual situation, such as the name, address, country of the payee, the name and account number of the bank where the account is opened, the currency and amount of the remittance, the remittance method used (such as telegraphic transfer, bill transfer or mail transfer), the purpose of the remittance, etc. If the remittance is delayed or wrong due to errors in the remittance application, the consequences shall be borne by the remitter.
2) Submit documents required by foreign exchange management
Since my country is a country with foreign exchange control, the remitter must also submit relevant documents to the bank for review when remitting the remittance according to the requirements of my country’s State Administration of Foreign Exchange.
3) Pay the corresponding amount or payment voucher
Cash or payment voucher equivalent to the remittance amount (including the bank’s remittance fee) must be delivered.