Biweekly occurs every other week (e.g., every two weeks)..
Bimonthly occurs two times a month. Essentially it is the same thing, but there is a fine difference.
Bi-weekly is every two weeks and bi-monthly is two payments every month. Because most months are more than 4 weeks the bi-weekly payment amounts to an extra payment over the …period of a year. The total number of payments when paying bi-weekly is 26 whereas its 24 payments when paying bi-monthly. ( Full Answer )
"Getting paid ""bi-weekly"" means that one receives a paycheck every two weeks. Given that some companies pay their bi-weekly employees on the 1st and 15th of every month, how…ever, the employee is not always getting a paycheck every two weeks (as the name implies), but rather simply twice a month. In a 31-day month, the employee will wait 16 days for a paycheck." ( Full Answer )