What does the small amount exchange message sent by the bank mean?

1. Small-amount exchange Small-amount exchange generally refers to an amount of less than 50,000 yuan (the regulations of each bank may be slightly different). Small-amount exchange refers to exchange business below a certain amount.

2. Exchange, also known as "exchange settlement", refers to the settlement method in which an enterprise (remitter) entrusts a bank to pay its money to the payee. This method facilitates the remitter to proactively pay the payee in a different place, and has a wide range of applications.

According to regulations, the amount remitted to the beneficiary unit that has an account opened by the bank should be directly transferred to the account of the beneficiary unit.

If the credit transfer method is used, the bank where the beneficiary unit has an account (i.e. the remittance bank) will stamp the fourth page of the credit transfer voucher with a "transfer" stamp and hand it over to the beneficiary unit, indicating that the remittance has been made by The bank where the account is opened will deposit the money on your behalf.

If wire transfer is used, the bank where the beneficiary's account is held shall prepare a supplementary receipt statement based on the telegram sent by the remitting bank, and stamp the third page with a "transfer" stamp for collection. The notice is handed over to the collecting unit, indicating that the bank has made the payment on its behalf.

The receiving unit prepares a bank deposit receipt voucher based on the fourth page of the credit transfer voucher (letter transfer) transferred from the bank or the supplementary payment receipt telegraphed by the bank (telegraphic transfer), and debits "Bank Deposit" Account, credit the relevant account (depending on the nature of the remittance).

Extended information:

1. Methods of remittance

According to the different methods of transferring money and the different delivery methods, remittance can be divided into two types: letter transfer and wire transfer. The choice is up to the remitter.

1. Letter remittance

For letter remittance, the remitter applies to the bank and deposits a certain amount and handling fee. The remittance bank will mail the letter of authorization to the remitter. An exchange settlement method that authorizes the remitting bank to pay a certain amount to the payee.

2. Telegraphic transfer

Telegraphic transfer is a remittance in which the remittance deposits a certain amount of money into the remitting bank, and the remitting bank transmits it to the destination branch or agent bank (remitting bank) via telegram or telex. , a remittance method that instructs the remitting bank to pay a certain amount to the payee.

Among the two exchange settlement methods, letter transfer has lower fees but is relatively slow, while wire transfer has the advantage of being fast, but the remitter has to bear higher telegraph and telex fees, so Usually only applicable in emergencies or when the amount is large. In addition, in order to ensure the authenticity of the telegram, the remittance bank adds the password agreed upon by both parties on the telegram; while the letter remittance does not need to add a password, just sign.

2. Characteristics of exchange

Exchange settlement has a wide range of applications, simple procedures, flexibility and convenience, so it is currently a very widely used settlement method.

1. Exchange settlement, whether it is a new account or a wire transfer, is not limited to the starting point amount, regardless of the quantity used.

2. Exchange settlement is a method of active payment and settlement by the sender over the counter.

It is very convenient to transfer funds between subordinate units in different places, clear old debts, settle transactions, etc. Exchange settlement methods are also widely used for delivery of trade settlement methods after the initial remittance.

If the sales unit lacks understanding of the purchasing unit's credit situation or the goods are in short supply, the purchasing unit can be asked to remit the payment first and wait until the purchase price is received for shipment to avoid receiving the purchase price. Of course, when the purchasing unit uses the transaction method after the first remittance is delivered, it should understand the credit status and supply capacity of the sales unit in detail to avoid blindly remitting money but not receiving the goods.

If you are not familiar with the situation and supply capacity of the sales unit, you can remit it to the place of purchase, open a temporary deposit account at the place of purchase, and have personnel supervise the payment.

3. In addition to fund transfers between units, the exchange settlement method can also be used by units to pay related funds to individuals in different places, such as pensions, medical expenses, various labor costs, remuneration, etc. Relevant personal payments can also be applied to off-site entities, such as mail order goods, books, periodicals, etc. 4. The settlement procedure of the exchange is simple and easy for entities or individuals to handle.

Baidu Encyclopedia-Exchange