In this system, the payer deposits the money along with other charges in a bank
which has a branch office at the payee's place. On receipt of cash and other charges, the bank telegraphically informs the branch office to credit the amount to the payee's A/C. The payee is accordingly informed and can withdraw the money. The money can also be remitted by mail transfers, which takes a little longer time. This method helps for quick remittance, but it is not a popular one.