goWholesale

Hi, Im trying to buy wholesale from a manufacturer in China for the first time. They have given me bank account information and so on and told me to transfer the money by T/T. I took this to my bank not really knowing what to do and they didnt really know much more than I did but I found out that It would cost around 15 pounds ($25) and take 7 days. Or I could send a bank draft for 10 pounds.

I was just wondering if anyone could give me some professional advice on what I should do on this as Im so new to buying wholesale I dont want to seem unprofessional to the company.

I have the instructions I was given bellow.

Thanks for any help, DanSM


Please send the money to my following bank account.

Name of Beneficiary: ******** ********, Account No: **********************
Name of Beneficiary Bank: China Construction Bank Zhejiang Branch
Swift Code of Beneficiary Bank: ***********
Account No. of Beneficiary Bank: ****-*-*****
Name of Intermediary Bank: Bank of America Nt. Sa. New York

After you send out the money, please advise me by email or fax the bank swift
copy
to me for confirm. Thank for your kind cooperation in advance.

Any question,please do not hesitate to let me know.
Hope to her from you again soon.
Best Regards
Eric Wang

e-watch.ca wrote:T/T is just a Wire Transfer. Just tell your bank that you want to send a wire transfer and provide them with the information that the company has given you.

Once you have completed this with the bank fax a copy to the receiving company so they know that you have send the payment and they can confirm it.

I'm not sure what else you really need to know.

Thanks, it just seems a bit unsafe sending the money in advance before I know anything about them other than what they tell me. Is there any way to check up on companies in China to see if they are legit?