What is the difference between money transfer and transfer, and what is the difference between trans

Wire transfer and transfer are different in the following ways:

1. Different settlement methods;

Telegraphic transfer is a type of exchange settlement.

Transfer is a bank currency settlement method for currency receipt and payment.

2. Telegraphic transfer and transfer are different;

Telegraphic transfer is a remittance method in which the remitter deposits a certain amount of money with the remitting bank, and the remitting bank instructs the remitting bank to pay a certain amount of money to the beneficiary by telegram or telex to the branch or ** bank of the destination (remitting bank).

Transfer refers to a bank currency settlement method that does not directly use cash, but transfers money from the payment account to the receiving account through the bank to complete the currency receipt and payment.

3. The applicable categories are different;

The telegraphic transfer business is mainly used for the payment of relevant payments by the unit to individuals in other places, such as retirement salaries, medical expenses, various labor expenses, author's remuneration, etc., and can also be applied to the relevant payments made by individuals to units in other places, such as mail-order goods, books and periodicals, payment of university tuition, etc.

When the settlement amount is large and the space distance is long, the use of transfer settlement can be more secure and fast In modern society, the vast majority of commodity transactions and currency payments are carried out through transfer settlement.

Transfer generally refers to the transfer of funds between accounts in the same city.

Remittance generally refers to the transfer of funds between non-local accounts.

Money transfer is a way to transfer money. Methods of transfer generally include clearing, intra-city electronic payment and wire transfer (commonly known as remittance).

When sending money, cash is transferred to a bank card, and the transfer is a bank card to a bank card.

Generally speaking, remittance refers to the process of depositing cash into a designated account, and the depositor can be a unit or an individual; Transfer refers to a bank currency settlement method that does not directly use cash, but transfers money from the payment account to the receiving account through the bank or app. According to the definition of the Big Four, the transfer of funds between the bank's internal accounts is a transfer, and the transfer of funds in other cases is a remittance. In general, the differences between them are mainly reflected in the following aspects:

1.The way it works is different.

At present, there are many channels that can transfer money, including online banking, mobile banking, ** bank, Alipay, WeChat, etc., but there are only two channels for remittance to be completed, one is to go to the bank counter for processing, and the other is to handle it at the ATM. From this point of view, it is much more convenient to transfer money than to send money.

2.The arrival time is different.

Whether it is online banking, mobile banking, Alipay or WeChat, there is no time limit for transfers, and transfers can be made within 24 hours regardless of the time period, but remittance is different, especially when it is handled at the bank counter, it must be rushed before the staff gets off work.

3.The way of trading is different.

Remittance is generally provided in cash, you need to bring your ID card and a certain amount of cash for processing, transfer does not need cash, only need to know the other party's name, bank card number or Alipay number.

4.The speed of arrival is different.

The arrival speed of remittance is generally relatively fast, if it is the same bank remittance, it is generally real-time, if it is an inter-bank remittance, it is generally the same day; The arrival time of the transfer is relatively flexible, and there are generally real-time arrivals, 2 hours to the account, and 24 hours to the account.

It's not the same. 1. The information provided by the two is different.

You don't need to provide a bank for remittance, you only need to present your ID card and the cash you need to remit to transfer money to the beneficiary's bank account through the bank counter.

For transfer, you need to provide a bank card and your ID card, and you don't need cash, you can transfer money directly through a bank card.

2. The operation mode is different.

Remittances are generally made over the counter at the bank, and money can also be deposited into the self-service deposit machine through a self-service deposit machine.

Transfers can be made over the counter, self-service machines, online banking, and mobile banking.

3. The operation time is different.

Remittance and transfer over the counter must be made during the bank's business hours. Transfer money through self-service equipment, online banking, mobile banking, ** banking, etc., which can be operated within 24 hours.

4. The speed of arrival is different.

Remittance to the Bank's account, as long as it is from the same bank, will be credited to the account in real time.

Transfer means that through online banking, it can be quickly arrived in the account across banks, or even in real time.

5. Remittance is also known as "remittance". One of the payment methods for international settlement. A business processing method in which the payer uses various settlement tools through a third party (usually a bank) to actively remit the money to the payee.

There are usually four basic parties in the remittance business: the remitter (i.e., the payer), the remitting bank, the remitting bank, and the payee.

The difference between remittance and transfer is as follows:

1.Money transfers are usually made over the counter at a bank or cash deposited into an account through a self-service deposit machine. There are various ways to transfer money, including counters, self-service machines, online banking, mobile banking, etc., which is more convenient.

2.Remittances are generally provided in cash, and you need to bring your ID card and a certain amount of cash. To transfer money, you only need to know the other party's name, bank card number or Alipay number.

3.The arrival time of remittance is generally real-time, and the speed is fast, but it can only be remitted during bank working hours, and the transfer arrival time can be selected as 2 hours or 24 hours, and the general 24-hour account is issued.