https://community.sap.com/t5/application-development-and-automation-discussions/eft-and-wired-transfer/m-p/6846771#M1473892 <HTML><HEAD></HEAD><BODY><P>Dear Experts,</P><P></P><P>Can anyone tell me exact difference between electronic and wired transfer.</P><P></P><P>Regards,</P><P>Azra</P></BODY></HTML> Tue, 27 Apr 2010 03:49:31 GMT Former Member 2010-04-27T03:49:31Z https://community.sap.com/t5/application-development-and-automation-discussions/eft-and-wired-transfer/m-p/6846771#M1473892 <HTML><HEAD></HEAD><BODY><P>Dear Experts,</P><P></P><P>Can anyone tell me exact difference between electronic and wired transfer.</P><P></P><P>Regards,</P><P>Azra</P></BODY></HTML> Tue, 27 Apr 2010 03:49:31 GMT https://community.sap.com/t5/application-development-and-automation-discussions/eft-and-wired-transfer/m-p/6846771#M1473892 Former Member 2010-04-27T03:49:31Z https://community.sap.com/t5/application-development-and-automation-discussions/eft-and-wired-transfer/m-p/6846772#M1473893 <HTML><HEAD></HEAD><BODY><P>Hi Azra,</P><P></P><P></P><P> WIRE:</P><P></P><P>Wire is transfer of amount due directly to the supplier's bank it is an electronic transfer of funds</P><P></P><P>This mode of payment is used for international suppliers.</P><P></P><P>It can be paid in foreign currency or USD.</P><P></P><P>Wire payments are same day payments.</P><P></P><P>EFT:</P><P></P><P>EFT ensures funds transfer from one bank account to another using electronic links.</P><P></P><P>Can be used to make payments into domestic banks (within US) in USD only.</P><P></P><P>It is faster than check payments.</P><P></P><P>Regards,</P><P>Md Ziauddin.</P></BODY></HTML> Tue, 27 Apr 2010 14:27:37 GMT https://community.sap.com/t5/application-development-and-automation-discussions/eft-and-wired-transfer/m-p/6846772#M1473893 Former Member 2010-04-27T14:27:37Z