What is the difference between SPEI and SPID in ScotiaConnect?

The difference between SPEI and SPID are:

1) The currency in which transactions are made. SPEI transactions are conducted in pesos. SPID transactions are made in dollars and must be linked to a dollar account at the time the beneficiary is created. 2) SPEI transactions are for same bank and other banks. SPID is only for other banks. 3) SPID is limited to companies (legal entities).

Last updated November 21, 2024