Bank transfers are responsible for driving commercial transactions, enabling the purchase and sale of physical or intangible products.
As technology became more integrated into society’s routine, new transaction methods began to emerge and gain prominence. At the same time, older tools are becoming obsolete, as are transactions via DOC and TEC .
To understand what financial transfers via DOC and TEC are and learn how to replace them in your financial transactions , read this article!
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What is the difference between DOC and TEC?
Transfers via DOC (Credit Order Document) and TEC (Special Credit Transfer) are bank transfer methods. Although similar, each one philippines whatsapp number data its own function.
DOC: Credit Order Document
DOC was introduced into the Brazilian when choosing a club system in 1993 by the Central Bank . It is a transfer method used for amounts up to R$4,999.99 .
Transactions via DOC take up to two business days to be completed and are limited to one account at a time.
TEC: Special Credit Transfer
TEC was in the same uae cell number as DOC. Having the same value limit. However, in this case, transactions are by the end of the day on which the order was give.
Additionally, this option allows simultaneous transfer operations to different accounts .
TEC and TED are different transactions
Although many people get , there is a difference between. TED and TEC . TED was in 2002, aiming to provide more agile and flexible financial transactions .
Just like TEC, this type of transfer is on the same day the order is give. The big difference is that with TED there is no value limit .