What is the difference between SPEI and SPID in ScotiaConnect?
The difference between SPEI and SPID are:
- 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.
- SPEI transactions are for same bank and other banks. SPID is only for other banks.
- SPID is limited to companies (legal entities).
Last updated November 21, 2024