The difference between transfer can be roughly divided into three aspects:
1. T/T is different from transfer. T/T is a remittance method in which the remitter deposits a certain amount in the remitting bank and the remitting bank sends it to the destination branch or correspondent bank (remitting bank) by telegram or telex, instructing the remitting bank to remit money to it. Pay a certain amount to the payee. Transfer refers to a kind of bank currency settlement method in which money is transferred from the payment account to the collection account through the bank without using cash directly, so as to complete currency receipt and payment.
2. Different settlement methods. T/T is a foreign exchange settlement method, and T/T is a settlement method of bank currency receipt and payment.
3. Different types of wire transfer services are mainly used for units to pay related funds to individuals in different places, such as retirement wages, medical expenses, various labor fees, remuneration, etc. , it can also be used to pay individuals to distribute related funds to units in different places, such as mail-order goods, books and periodicals, and paying university tuition fees. The transfer business with large settlement amount and long space distance can be safer and faster through transfer settlement. In modern society, most commodity transactions and monetary payments are made through transfer settlement.
For telegraphic transfer orders and transfer checks, you should understand that payment in different places is generally telegraphic transfer. The transfer cheque is used for payment in the same city, that is, local payment. You can transfer money to the other party, that is, you can transfer money from your own bank to the other party, or you can directly give the check to the other party. Wire transfer can only be transferred to the other company through its own bank. Apart from their looks, the difference between them is the gap between the same city and different places. And, of course, the wire transfer voucher. The name, bank, account number, amount, amount and purpose of the remitter and payee should be clearly written. If you give the transfer check to the other party, please write down the amount, the amount and the purpose. You need to make a bill of lading if you want to mention it. You should also indicate the name, bank, account number, amount and amount of your company and the other company. T/T orders should be transferred in the drawer's bank. The transfer check can be paid directly to the customer, and there is no need to enter the account in the bank where the account is opened, and there is no need to run the bank.