Inward remittance is the service of release funds according to the instructions of the foreign remitting bank. Methods of remittance include telegraphic transfer, mail transfer and draft transfer. Telegraphic transfer and draft transfer are more frequently used now.

Advantages:

1. Low cost. Compared with L/C and collection, remittance is characterized by simple procedures and low cost.

2. Fast processing. Telegraphic transfer is fast and helpful for exporters to collect payments timely and accelerate capital turnover.

3. Simple operation. It is simple to process and widely used.