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

Did you know that it is now possible to top up your PaySika account either by bank transfer or by cash deposit ? Ah yes!!!

But these two functions, as you can imagine, differ in a number of respects:

Bank transfer to PaySika allows you to deposit money into your account via your traditional mobile banking aapplication*. Cash deposit**, on the other hand, is for users who prefer to go to a bank branch to deposit cash directly into their PaySika account.

With PaySika, bank transfers are made exclusively online. Reloads by bank deposit are done in approved bank branches.

Although there are some notable differences, top-ups by bank transfer and cash deposit are similar in a number of respects:

They are simple ways for users to transfer funds and manage their finances transparently.

They are carried out through specific bank branches. You can find the list of banks authorised for these operations in this article.

Updated on: 19/02/2024

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