• Who-who may use it?
  Remittance may be used for settlement of all kinds of fund by individuals and corporate.
  
• Where-where to use it?
  Remittance could be used for local settlement and intra-city fund settlement.
• How-how to use it?
  (1) Payee, who does not maintain account with the bank, could apply to make transfer remittance. The payee of the transfer remittance should be the original payee.
  (2) The remitter could apply to cancel the remittance before the bank transfers the fund.
  (3) The remitter could apply to refund of the remittance after the bank has already transferred out the fund. However the remittance which has been already applied to the payee's account or already paid could not be refunded.
  (4) The transfer remittance bank does not accept the application for cancel or refund of the remitter.
  (5) If the remitter and the payee are both individuals and the payee need to withdraw cash at the receiving bank, the remitter should add the word "cash" before the remittance amount when filling in the remittance forms.
  (6) The remittance date should be the date the remitter submit the business certificate to the bank.
  (7) If the payee wants to withdraw the remittance at the receiving bank, which it does not maintain account with, upon the remittance advice, it should present its ID certificate for verification and write down the ID certificate name, number and certificate issuing institutions on related bank business certificate and sign in the field of signature of the payee.

Collection and acceptance is a sort of settlement instrument by which the payee entrusts the bank to collect the funds from the payer in another city after it has sent out the goods in accordance with the sales contract and the payer then committed to the bank to make payment.

• Who-who may use it?
  (1) The payer and payee should be state-owned enterprises, supply and distribution cooperation units and collective-owned enterprises that have good operation and management and have been examined and approved by the account-opening bank.
  (2) The settlement fund should originate from the merchandise trade or supply of service. Settlement fund of sales by proxy, sales on account or sales on consignment should not use collection acceptance as settlement method.
  (3) The payer and payee should sign a sales contract in compliance with contract law and specify collection and acceptance as the settlement method in the contract.
• Where-where to use it?
  It should be used for local settlement.
• How-how to use it?
  (1) According to the payment method of the collected fund, it could be divided into mail collection and telegraphic collection.
  (2) If chosen collection and acceptance as settlement method, the payer and payee should abide by the contract and keep faith.
  (3) According to the acceptance method it could be divided into acceptance for payment against bills or against goods. The method could be decided by the two parties of the settlement after negotiation and specified in the contract.
  For acceptance against the bills, the payer should check and bills and make acceptance within three days after the account opening bank issued the acceptance notice.
  For acceptance against the goods, the payer should check the goods and make acceptance within 10 days after the account opening bank issued the acceptance notice.
  For both acceptance against bills and against goods, the payer could make acceptance earlier within the acceptance tenor and advise the bank to make remittance earlier.
  (4) Minimum amount of collection and acceptance business is 10000 yuan. For the settlement of book sales fund of Xin Hua Book store, the minimum amount is 1000 yuan.
  (5) Overdue payment should charge compensation according to the overdue amount and date at a daily rate of 0.05%. The overdue date is calculated from the end of the acceptance tenor. The compensation will calculated every month and deducted regularly from the payer's account. and paid to the payee within the first three days of next month. The compensation ranks the number one deduction from the sales income of the corporate.
  (6) The payer could also instruct the bank to refuse the payment totally or partly within the acceptance tenor, provided the conditions for payment rejection have been provided.
  (7) The payee could entrust its account opening bank to collect the unreasonably refused fund again. If the payee has failed to receive the fund from the same payer for three times, the payee's account opening bank should stop the collection business from that payer. If the payer has refused the payment unreasonably for three times, the payer's account opening bank should stop the collection and acceptance business for that payer.