What context can I use each word in?
Learn when and how to use these words with these examples!
remittance
Example
He sent a remittance to his family in his home country. [remittance: noun]
Example
She remitted the funds to her business partner overseas. [remitted: past tense verb]
transfer
Example
We need to transfer the files from the old computer to the new one. [transfer: verb]
Example
The company completed the transfer of ownership to the new shareholders. [transfer: noun]
Good things to know
Which word is more common?
Transfer is more commonly used than remittance in everyday language, as it is a more versatile term that can be applied to a wider range of contexts. However, remittance is commonly used in the context of international money transfers.
Whatโs the difference in the tone of formality between remittance and transfer?
Both remittance and transfer can be used in formal and informal contexts, but remittance may be more commonly associated with formal financial transactions due to its association with international money transfers.
