이체하다 vs 송금하다
They both mean transfer money/ wire transfer... But how they are different?

Question

Answer

1. 이체하다 : to transfer money from one bank account to another bank account
2. 송금하다 : to wire money to someone. You can send some money to someone even if you don't have a bank account.

Hope it helps and please follow me at koreanclass.canada on Instagram!

Answer

I think both have the same meaning. What's the difference between 'transfer money' and 'wire money'?