What is the difference between a check and a bank transfer?

Simply put: when comparing a check and a bank transfer, don't just compare the names.

Steps

1. Compare the actual use, how costs or returns are calculated, ease of access to funds, and any fees or obligations.

2. The best choice is the one that best serves your needs with the lowest cost and risk for you.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

• Central Bank of Egypt — Cheque Clearing House