T/T means electronic remittance. International T/T charges a lot, but it arrives at the account quickly, which is suitable for urgent remittance business. Bill remittance is to take the bill abroad by mail or carry it with you, which is safe but slow to handle foreign exchange payment or withdrawal as evidence; Dual-currency credit card withdrawal, UnionPay and VISA, [PLUS] or MasterCard credit card cooperation, foreign withdrawal at any time, convenient and fast.

Extended information:

Bill remittance refers to a remittance method in which the remitting bank opens a Banker's Demand Draft on behalf of the remitter at the request of the remitter, and pays a certain amount to the payee.

when accepting the bill remittance business, the bank needs to issue a draft to the remitter and send a draft notice to the remitter. When the payee draws money from the remitting bank with the bill of exchange, the remitting bank will pay the bill to the payee after verifying that the bill and the ticket report are correct. In addition, the other procedures of bill remittance are basically the same as those of telegraphic transfer and letter remittance.

when a bill is returned, the remitter should submit a written application and return the original draft (which should be endorsed). After the remitting bank checks it correctly, it will stamp the draft with a "cancellation" stamp and go through the formalities of returning the bill. The returned bill is attached to the remittance refund summons, and the remitting bank is notified to cancel the returned bill.

the bank draft at sight is used as the settlement tool. Its sending direction is the same as the direction of capital flow, so it is also a kind of downstream remittance. The difference between bill transfer and electricity or mail transfer is that the transmission of bill transfer does not go through the bank, and the remittance bank does not need to inform the payee, but the payee takes the ticket to withdraw money; A bill of exchange can be transferred and circulated with the endorsement of the payee, but the power of attorney by letter transfer cannot. The bill of exchange in China is one of them.

bill remittance has two characteristics: first, the remitting bank does not need to inform the payee to withdraw money, but the payee comes to pick it up; Second, the payee can transfer the bill of exchange through endorsement, so it is possible that the payee listed in the bill may not be the payee himself, but someone else. In this way, the parties involved in the draft may be more than wire transfer and letter transfer.

in the practice of international trade, the payment of commission, rebate, consignment payment, small samples and prototypes, exhibits sales and claims by importers and exporters is often remitted by draft.

besides payment orders and bank drafts, spot foreign exchange certificates also include commercial drafts, checks, traveler's checks and so on.