Outward Telegraphic Transfer

OUTWARD TELEGRAPHIC TRANSFER

You need to make payment for imported goods, service fees, or commissions to your partners, or to transfer profit, shared revenue or legal income to your home country (for foreign investors)…ACB’s outward remittance service to overseas can satisfy all these needs.

Benefits:

Receive the T/T draft within 10 minutes
Partners receive money quickly
Get support from ACB’s consulting staff in preparing documents
Finance support through import finance program
Simple procedure

Special Options:

Full No Deduct: allows the beneficiary to receive the full amount without any deduction from an intermediate bank or the beneficiary’s bank
One Deduct: allows customers transferring money to know in advance the exact amount the beneficiary is going to receive.

Documents:

Legal document
Telegraphic Transfer Application (ACB’s form)
Foreign Currency Seal Slip (in case customers have not enough foreign currency to pay):
Documents:

a/ Payment of import goods:

a.1) Pre-shipment:

Foreign trade contract
Import license/ quota (for goods that require import license/quota)
Documents that confirm loan registration, foreign loan payment of the State Bank in case the payment deadline of the contract is over 1 year.

a.2) Post-shipment:

Sales contract
Customs declaration for imported goods
Invoice
Transport documents (if any)
Import license/ quota (for goods that require import license/quota)
Documents that confirm loan registration, foreign loan payment of the State Bank in case the payment deadline of the contract is over 1 year.

b/ Service payment :

Service contract
Invoice (if any)
Documents that prove the purpose of remittance

c/ Payment for other purposes:

Presenting documents in accordance with the current regulations of forex management.

Contact:

For further information and instruction, please contact us at any ACB’s branch office or ACB-CallCenter247 (84-8) 38247 247 or 1800 577 775 (toll-free)

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