Exchange, remittance, transfer difference

Exchange, remittance, transfer of the difference:

1, the settlement method is different

Exchange is the remitter entrusted to the bank to pay its money to the recipient of the settlement; remittance is the payer takes the initiative to deposit money in the bank, entrusted to the bank to pay a certain amount of money using some kind of payment instruments to the creditor of the settlement; transfer is not the direct use of cash, but through the bank will be transferred from the payment account to the recipient account of a bank currency settlement method. Transfer is not the direct use of cash, but through the bank will be transferred from the payment account to the recipient account of a bank currency settlement.

2, the person is different

Exchanges and transfers of the payee is generally domestic, while the remittance of the payee is generally foreign creditors.

3, different currencies

Remittances and remittances can be handled by cash or card, while transfers must be handled using a passbook or card.

Expanded information:

Remittance of money in a number of ways:

1, bank card remittance

2, roaming remittance: do not need to be clear about the other remittance bank name and address, as long as the name of the recipient, tell the recipient of the remittance order password.

3. Ordinary remittance: only need to provide the relevant documents specified by the foreign exchange bureau, you can go to the bank directly for remittance.

4, Western Union: this remittance method can only handle remittances in U.S. dollars, the amount of remittance can only be up to 10,000 U.S. dollars, and only accepts the remittance of individuals to individuals.

Baidu Encyclopedia - Exchange

Baidu Encyclopedia - Remittance

Baidu Encyclopedia - Transfer