What is the difference between "remit" and "deposit"?

What is the different of “remit” and “deposit”?

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oxfordlearnersdictionaries.c … sh/remit_2
oxfordlearnersdictionaries.c … /deposit_2 (definitions 3 & 4)

I’ve corrected your question in the title.

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Please remit to CIMB bank.
Okay, I will deposit the money to your bank.

Are they right. Deposit can be remit but remit is not deposit.

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I think you are confusing the verb ‘to remit’ with the noun ‘remittance’. A remittance is any amount of money that is sent or transferred to another party while a deposit is an amount of money you pay into your bank account.

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For one terrifying moment seeing this discussion I thought the ghost of @Beeesneees was before my eyes !!

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Don’t be afraid, besides, we have a wonderful language coach now. His name: Torsten.

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