T/T (Telegraphic Transfer)
What is T/T?
A bank-to-bank wire transfer, and the default payment method in Korean cosmetics exports. Terms are usually quoted as a split — for example 30% T/T in advance to start production, with the 70% balance against a copy of the bill of lading before the original documents are released.
At a glance
- Category
- Trade & logistics
- Also known as
- Telegraphic Transfer · 전신환 송금
- Korean term
- 전신환 송금
- Last reviewed
- July 23, 2026
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