1. Remittance methods are different.
Wire someone, write down the name and address of the payee, receive the money order, and take my ID card and money order to the post office to get the money directly.
The transfer can be directly transferred to someone else's bank account.
2. Different settlement methods.
Settlement method of bank currency used for transfer. Many friends like the settlement method of transfer very much. This is because this settlement method can reduce a lot of unnecessary troubles. In fact, telegraphic transfer adopts the method of exchange settlement.
3. The transfer time is different
Transfer is generally used for business in the same city, which is related to the number of clearing sessions. Telegraphic transfer is a remote service, which is related to the running time of the payment system. Generally speaking, the account will arrive on the transfer day or in real time. Wire transfer will not be paid to the payee until the correspondent bank receives the instruction, so the time efficiency is not so fast.
4. Different categories
Regular units will pay employees' labor costs and medical expenses by wire transfer. In addition, individuals can also use telegraphic transfer to pay college tuition and buy goods and books. If you need to pay a huge sum of money, you need to use the transfer business. This is because the transfer settlement is very safe.
5. Different applicable objects
The telegraphic transfer business is mainly used for units to pay related funds to individuals in different places, such as retirement wages, medical expenses, various labor fees and remuneration. It can also be applied to related funds paid by individuals to units in different places, such as mail-order goods, books and periodicals, university tuition fees, etc.
When the settlement amount of transfer business is large and the space distance is far away, it can be safer and faster to use transfer settlement. In modern society, commodity trading and monetary payment are carried out by means of transfer settlement.