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T.T. payments
Post 1 of 22
xtiml
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I had big problem with my american bank with these T.T. payments. first the lady transcribed the numbers out of sequence which took me a few weeks before i realized it and corrected and re-sent it, it still would not go through so i recalled it and just today re-sent with a largher order. any one had problem like this , please inform me and advise.thanks, martin
05 Feb 2007 21:09
Post 2 of 22
Quoting from [xtiml]:

Now a days sending TT payment is very easy


  You go to your Bank

  Give the  Funds transfer application and fill the following

 Benificiaries Bank and its SWIFT CODE

  benificiary name, address, account number anfd the amount to be tranfered


 Now-a-days even you can transfer money electronically from your home/office by

e- transfer


You are from USA and find difficulty in transfering money: it is very pity


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We are one of leading exporters and buying agents for textiles&clothing for the past 25 years and stationed at the knitcity-tirupur.We are having 50 exporters in our fold and manufacturing all the knitwear it... More

16 Feb 2007 03:04
Post 3 of 22
Replying to [xtiml]: When you initiate to send a TT thru any USA based bank they will take your account ifno and $ value you are wiring and repeat it back to you from their computer screen. It sounds like you either gave them the wrong info or did not even do this tt as you said.

In 10 years of wiring and accepting wires worldwide I have had ZERO problems in the banks sending and receiving $$.
09 Mar 2007 19:06
Post 4 of 22
Quoting from [xtiml]:


I had big problem with my american bank with these T.T. payments. first the lady transcribed the numbers out of sequence which took me a few weeks before i realized it and corrected and re-sent it, it still would not go through so i recalled it and just today re-sent with a largher order. any one had problem like this , please inform me and advise.thanks, martin



Nope, never had.  But it sounds like you need a better business oriented bank.

Ranger

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ME Tech Supply a D. B. A provides sourcing solutions for both small and medium sized businesses. We are members of the GSAA whose Agents have verified more than 2. 5 million companies World WideWe offer low cos... More

11 Mar 2007 17:25
Post 5 of 22
xtiml
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Replying to [GoldStar] so you insinuate I am a liar. well dear it is as I said.I gave the info to the teller manageress, she did the writing no computer nothing I was at the counter. afetr weeks the chinese company noticed the numbers were wrong, I then corrected them and re-sent. it still didnt go through. I recalled it , and resent it and it went through. why you think I am lying. the bank is called citizens business bank. and I came seeking info not veiled insinuations. p.s. it all ok now.
14 Mar 2007 01:01
Post 6 of 22
xtiml
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Overall Ranking MVP:327 Rank:639
wrote the wrong numbers down.and then gives me static after I recalled and resent T.T. it is all corrected now.how do I send from my home in usa to a bank account in china, please enlighten me , thank you very much.matin[em2]
14 Mar 2007 01:05
Post 7 of 22
Replying to [curdrice]:
Beneficiary's address in not necessary.

The address of Beneficiary's Bank may be required.
14 Mar 2007 23:30
Post 8 of 22
Replying to [xtiml]: insinuate this
16 Mar 2007 21:50
Post 9 of 22
Replying to [3D_puzzle]:
Agree with you .....
16 Mar 2007 23:02
Post 10 of 22
Replying to [xtiml]:

To ensure correct informations provided for sending money through TT, it is good to understand the SWIFT format.

Let say you want to send money for USD3,500,000.00 from your bank, Union Bank of California, Los Angeles to Ranger who maintains an account with Citibank New York for purchase of 3 units of computer servers. The format will look like this:

MT 100 (CUSTOMER TRANSFER)

FM BANCAL33
TO CITIUS33


20: /transaction reference number
002570109TT
(This field is to indicate the TT transaction number which is provided by the sending bank)

32A: /value date, currency and amount
070412 USD 3,500,000.00
(This field is to indicate the date the TT is sent, ISO currency code and the amount in figures)

50: /ordering customer
Xtml
Coconut Beach
Los Angeles, California
(The originator or applicant)

52D: /ordering bank
BANKCAL LA
(The bank that receives the instruction from applicant and send out message)

57D: /account with bank
CITIUS33
(The bank where Ranger maintains his account)

59: /beneficiary customer
0-123456-11-435-3
(The Ranger’s account number. You may also put in the full name and address)

70: /details of payment
Pymt of 3 unit servers
(This field is to indicate purpose of payment. Some banks do not include this field)

71A: /details of charges
BEN
(This field indicates who should bear the charges of the receiving bank. It is customary that the beneficiary bear the charges)

This is a simple format with a straight forward instruction to remit payment to the beneficiary. I'm sure Ranger would be happy to receive the amount.
11 Apr 2007 21:23
Post 11 of 22
Quoting from [zealotwan]:


Replying to [xtiml]:


To ensure correct informations provided for sending money through TT, it is good to understand the SWIFT format.


Let say you want to send money for USD3,500,000.00 from your bank, Union Bank of California, Los Angeles to Ranger who maintains an account with Citibank New York for purchase of 3 units of computer servers. The format will look like this:


MT 100 (CUSTOMER TRANSFER)


FM BANCAL33

TO CITIUS33



20: /transaction reference number

002570109TT

(This field is to indicate the TT transaction number which is provided by the sending bank)


32A: /value date, currency and amount

070412 USD 3,500,000.00

(This field is to indicate the date the TT is sent, ISO currency code and the amount in figures)


50: /ordering customer

Xtml

Coconut Beach

Los Angeles, California

(The originator or applicant)


52D: /ordering bank

BANKCAL LA

(The bank that receives the instruction from applicant and send out message)


57D: /account with bank

CITIUS33

(The bank where Ranger maintains his account)


59: /beneficiary customer

0-123456-11-435-3

(The Ranger’s account number. You may also put in the full name and address)


70: /details of payment

Pymt of 3 unit servers

(This field is to indicate purpose of payment. Some banks do not include this field)


71A: /details of charges

BEN

(This field indicates who should bear the charges of the receiving bank. It is customary that the beneficiary bear the charges)


This is a simple format with a straight forward instruction to remit payment to the beneficiary. I'm sure Ranger would be happy to receive the amount.

zealotwan, your right[em3] if I was in the server selling business.  Thats good though the main headquarters for the bank I use is in NY but not that one [em3][em19][em17]
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ME Tech Supply a D. B. A provides sourcing solutions for both small and medium sized businesses. We are members of the GSAA whose Agents have verified more than 2. 5 million companies World WideWe offer low cos... More

12 Apr 2007 07:19
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