The difference between deposit and remittance lies in:
First, the object is different.
The object of deposit is banks, credit cooperatives and other financial institutions. Depositors temporarily transfer or deposit funds or money in banks or other financial institutions while retaining ownership.
The object of remittance is the payee, which can be an individual or an enterprise, that is, the payer uses various settlement tools to voluntarily remit the money to the payee through a third party (usually a bank).
Second, the meaning is different.
Deposit refers to the money deposited in banks and credit cooperatives, and also refers to the money deposited in banks and credit cooperatives. Deposit can be both a noun and a verb.
With the assistance of banks, banks and other financial institutions, payers transfer funds from one place to another by electronic means. Remittance is a verb
3. Does it involve a third party?
Deposits do not involve third parties, but only occur between depositors and banks and other financial institutions.
Remittance involves a third party. Remittance involves not only the payee, but also the assistance of financial institutions such as banks.
Fourth, the requirements are different.
Deposit in your own card, remit money to others, and the staff at the counter are remitting or depositing money. The process is similar, but there must be a card for deposit and not a card for remittance. You can remit it directly by cash. If the deposit is local, there is no handling fee, but it is collected in different places. There are two ways of remittance: electronic remittance through post office and bank, and both ways will charge a certain handling fee.
main feature
Convenient. If you are a contracted customer of ABC's online banking, or hold a bank card (debit card or quasi-credit card) of ABC, you can choose outlets and online banking at will. Remittance at outlets and payment at outlets or online banks; Or remit money in online banking and pay at outlets or online banking.
Safe, the remitter can remit money as long as he knows the name of the payee accurately, and the payee does not need to tell the remitter his account number or card number to ensure the security of account information.
Payment and remittance inquiries are based on passwords. If the password is incorrectly entered three times on the same day, the system will automatically lock the remittance to prevent it from being deciphered by others and ensure the safety of funds.
Fast, real-time remittance and real-time payment can meet your needs at any time.