A major difference between the "piaohao" and the "qianzhuang" was the fact that the "qianzhuang" banking companies grew out of the money-changing businesses known as the "qianpu" and would engage in business typical of banks such as providing loans, savings accounts with interest, and so forth, while the "piaohao" would primarily facilitate the sending of remittances, that is, the sending of money, across the Chinese realm.