Wire transfer vs electronic payment: what’s the difference?
14 Tháng Một, 2022
EFTs, such as direct deposits and online banking transfers, are convenient for everyday transactions within the same country or region. They often have lower fees and can be processed quickly, making them suitable for regular payments like salaries or bills. To initiate a wire transfer, the sender provides the bank with the recipient’s bank account details, including the account number and routing information. EFTs such as bank transfers are generally [...] [...]