What is the difference between international transfers and account transfers?
Cross-border transfers refer to transfers from GSB Bank to various financial institutions or businesses or individuals other than GSB Bank.
Account transfer refers to the transfer from GSB bank account to GSB bank account.
Cross-border transfers will take longer to arrive, depending on a variety of factors, including the country and region where the payment is received, the recipient of the task, etc.
Account transfers arrive instantly, and the details are easier to check and track.
The security of account transfers is relatively higher than that of cross-border transfers. After all, there are more uncertainties in cross-border transfers and remittances.
