TT Bank Transfer Guide for International EV Purchases: Safe Payment Step by Step
Step-by-step guide to making TT (telegraphic transfer) bank payments for international EV purchases from China.
What Is a TT (Telegraphic Transfer)?
A TT is an electronic method of transferring funds internationally through the SWIFT network. Key characteristics: bank-to-bank transfer, traceable, irreversible once received, standard for B2B China trade.
Step-by-Step: Making Your First TT Payment
Step 1: Receive and Verify the Proforma Invoice
The PI should contain: supplier company name (must match bank account), product details, prices, payment terms (typically 30% deposit, 70% balance), and bank details.Step 2: Go to Your Bank
Bring: business registration, tax ID, proforma invoice, government ID, bank account details, and import license if required.Step 3: Fill Out the SWIFT Transfer Form
Provide: beneficiary name, account number, bank name, SWIFT/BIC code, bank address, transfer amount, payment reference, and purpose.Step 4: Pay the Transfer Fee
Typical fees: $15-$50 depending on country. Select OUR charging option so supplier receives exact invoiced amount.Step 5: Get Your Transfer Receipt
Keep it for customs clearance, accounting records, and supplier confirmation.Step 6: Upload Proof of Payment
Send to your supplier via email, WeChat, or WhatsApp. If ordering through [EV GroupBuy](/how-it-works), upload directly through the platform.Processing Time
Typical: 1-5 business days depending on your country, correspondent bank routing, and Chinese bank processing.
Safety Tips
1. Verify bank details through multiple channels 2. Never pay to a personal bank account 3. Use platform escrow when available 4. Start with the deposit, not the full amount 5. Keep all documentation 6. Verify the supplier before the first payment
Common Mistakes to Avoid
[Browse available EVs](/products) or [learn how group buying works](/how-it-works).