[Grammar] present or present perfect tense?

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Disillusia

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1) We will not be able to proceed with the applications untilwe have received your money.

2) We will not be able to proceed with the applications untilwe received your money.

May I know which is correct and what's the difference between those two?
 
1) We will not be able to proceed with the applications until we have received your money.

2) We will not be able to proceed with the applications until we received your money.

May I know which is correct and what's the difference between those two?

Welcome to the forums, Disillusia. If you change "received" to receive" in #2, they will both be correct. There is no real difference in meaning.
 
Welcome to the forums, Disillusia. If you change "received" to receive" in #2, they will both be correct. There is no real difference in meaning.

Got it! Thank you!
 
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