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What is the difference between remittance and transfer?
It's different.

1, which provide different information.

Bank account number is not required for remittance. All you need is my ID card and the cash you need to remit, and you can remit the money to the payee's bank account through the bank counter.

You need to provide your own bank card and ID card for transfer, and you don't need cash. You can transfer money directly by bank card.

2, the operation mode is different.

Remittance is generally operated at the bank counter, and money can also be deposited into the self-service deposit machine and entered into the account through the self-service deposit machine.

You can transfer money through counters, self-service equipment, online banking and mobile banking.

3. The operation time is different.

Remittances and transfers through the counter must be made during bank hours. Transfer money through self-service equipment, online banking, mobile banking, telephone banking, etc. , can be operated within 24 hours.

4. The arrival speed is different.

Remittances to bank accounts, as long as they are from the same bank, are all received in real time.

Transfer refers to an inter-bank account that can be received quickly or even in real time through online banking.

Remittance is also called "remittance". One of the payment methods of international settlement. A business process in which the payer actively remits money to the payee through a third party (usually a bank) by using various settlement tools. There are usually four basic parties in remittance business: the remitter (that is, the payer), the remittance bank, the remittance bank and the payee.

Extended data:

Besides price, convenience is a big selling point of remittance business. The new roaming remittance launched by ABC meets the needs of the public. There is no need to inquire about the name and address of the other remittance bank. As long as you write down the name of the payee and tell the payee the password of the money order, the other party can pay the money order at any online business institution of the Agricultural Bank of China.