Tag Archives: Transfer

Money

Best Preferred Method to Transfer Money

While sending money, the most important thing you will surely look for is your convenience. With the advent of latest internet technology, it is possible for anyone to transfer money at any time, from anywhere.

Though there are so many methods for monetary transactions, it is important to pick the best known methods. This way you can be sure of protecting your personal information.

Common Money Transfer Services Through Internet

Of the many services available, the most common are Xoom, Moneybookers and Pay Pal. The low cost and high speeds with which transactions can be made are notable. Moneybookers are vigilant in avoiding scams like laundering hard earned money. They achieve this through a simple but crucial step of identity verification.

Xoom helps you receive the transferred money in your local currency. It is acceptable in over forty one countries around the globe. PayPal works with small organizations and is commonly used in e-commerce businesses. PayPal is one of the best internet services recognized all over the world. It is widely used for transactions due to its error resistance and strong, stable structure.

The registration process with PayPal is pretty simple and account verification hardly takes any time. PayPal accounts can be funded with an international debit card, credit card or other links to personal bank accounts. Money can be transferred anywhere as it is accepted in any currency. Transaction details are secure with PayPal once you furnish them with confidential information.

Transfering Money Abroad

There are a host of international money transfer specialists, money transfering agents, traveller’s cheque or plain cash to deal with the issues of money transfers. In spite of the mode of money transfer, the factor to be considered is the present scenario is currency exchange rate. It is the commonly seen that the currency exchange rate actually determines the percentage of transferable cash.

When you send in large amounts, it is apparent that you are expected to pay greater commission charges to money transfer agencies. However, online money transfer by Forex companies is not charged with extra commission fees.

For more information about money transfer please visit at comparemoneytransfer.co.uk .

Banking

Smartphones and the New Frontier of Mobile Banking and Money Transfer

M-Banking, short for mobile banking, may be the hot new tech catchphrase, but it is more than just a clever term. It’s a real advance in the way that routine financial dealings are carried out. From the purchase of a cup of coffee to refinancing a mortgage, its full potential is just beginning to be explored.

Online banking was once viewed with suspicion as a security risk, but in a few short years it became established as the new standard for account management and basic transactions. Today, almost everyone takes advantage of the convenience to some extent. Now, smartphone technology is at the forefront of a new direction for banking across the internet. The combination of image capture, internet access, SMS capabilities, and GPS positioning in a single object that slips into a pocket make for powerful potential

Financial institutions know this, and have, accordingly, stepped earnestly into the arena of applications, fondly called apps, for mobile banking. The popularity of these apps doesn’t come as a surprise. No one ever looked forward to standing in line at the bank, or gathering pages of data from four different institutions in order to apply for a loan. These activities, and more, can now be performed with a few clicks, swipes, or shakes.

Checking balances and paying bills can be done from anywhere, and instant money transfer between accounts is as easy as sending an email or text. You can even send money to a friend using this method, without the transaction fees of third-party agents. Some banks even allow the deposit of a check with just a photograph, so you no longer need to fill out a deposit slip and drive to the branch.

Some merchants have developed their own applications which allow customers to make purchases by simply waving their enabled phones in the vicinity of the cash register. A pre-loaded virtual debit card is the funding source for most of these transactions. The popularity of these programs has stimulated an industry drive to compete.

Looming in the future is a broader mobile shopping experience. Already in the testing phase are applications designed by web giants which are intended to act as a virtual wallet, replacing the use of credit cards. These applications will enable consumers to buy things at multiple retailers using a single mobile application. They are expected to roll out across the United States in the next eighteen months.

Within a few short years, anything that you used to have to go to a financial institution to accomplish will be able to be done with a few shakes of your smartphone. And that’s a good thing.

 

Are you looking for more information regarding mobile banking? Visit http://imbo.co today!

Money

IMPS: Transfer Money Anytime

 

Mobile banking with IMPS can be done only through iMobile application available on most phones. All IMPS registered customers can be beneficiaries as well to receive money from any participating bank. IMPS facilitate ICICI Bank customers to send money instantly to anyone registered for this service in any of the participating banks including ICICI Bank.

For using interbank mobile payment service (IMPS) of ICICI Bank, one needs to have a Savings account with this bank. Once a customer registers for mobile banking with IMPS, they receive an MMID number which is Mobile Money Identifier number. This number needs to be shared during any transaction through this service.

For instant mobile money transfer, the customer needs to do the following:

Login to ICICI Bank iMobile
Select Bank Account Menu
Select Bank Account
Select Instant Fund Transfer Service
Enter 10 Digit Mobile Number, 7 Digit MMID and desired transfer amount
Confirm entered details
Enter random 3 of ATM/Grid Values
Get receipt of transaction along with Transaction Reference Number

To receive money through this service, the customer needs to do the following:

Login to ICICI Bank iMobile
Select Bank Account Menu
Select Bank Account
Select Instant Fund Transfer Service
Share MMID number
Money gets transferred to the beneficiary’s account
The sender gets an SMS notifying successful money transfer

You can revert to the IMPS FAQs section to get more details for the same.

Instant mobile money transfer can be done anytime any day irrespective of the holidays and bank timings. There is a limit on the value of transactions though. The existing customer can send or receive only upto Rs 50,000 per day. Mobile banking with IMPS is safe and secure as security features of iMobile apply in this case as well. For anybody using this service, they need to be a registered mobile banking customer, have iMobile login pin to access the iMobile application and possess a physical card to authenticate the transaction using the grid card values. Also just before the transaction, MMID number entered by the customer is verified with the account number. In case this number doesn’t match, the transaction is not done.

Interbank Mobile Payment Service (IMPS) – Now with IMPS you can send money instantly from your savings bank account using your mobile number along with a 7 digit Mobile Money Identifier number. Mobile banking with IMPS can be done only through iMobile application available on most phones.

Money

How Money Transfer Online

At times you may need to transfer funds through banks, financial institutions, or other organizations that facilitate online transfer of money. This article highlights certain major steps that are to be taken to make such money transfers.

Get registered with the organization

The first step is to get registered with the organization that you have chosen to transfer your funds. You can skip this step if you already hold an account with the bank or the organization you have chosen to transfer funds. In case of banks, it is advisable that you choose the bank with which you already have an account. In most of the cases, it will help you to save your transfer charges to some extent. There is a fee associated with money transfers and if you have a bank account with the same bank, you get some discount in such charges.

Deposit money with the transfer organization

You can skip this step if you already have enough balance to make your money transfer. However, if you do not have enough money in your bank account or your account with your other transfer organization; you will have to deposit money at least up to an amount that you need to transfer. You can make online payments through these organizations, only if you have enough balance in your account. Only a few organizations provide you with the facility of overdraft payments. So, enquire in advance if your organization provides you with such facilities.

Provide required details

You will be required to fill up an online form where you have to provide your fund transfer organization with necessary details. For instance, amount of money that you want to transfer. You will also be required to provide them with the account number to which you want to transfer money. Most of the fund transfer organizations do not have any account numbers. They make use of unique IDs in order to transfer funds online. So, as per the requirements of various organizations, you will require providing the necessary details.

For More Information about money transfers please visit our website at http://www.comparemoneytransfer.co.uk

Money

International Money Transfer: Fastest Way to Transfer Money

At this moment of time, international money transfer is the fastest way to transfer money. But before you go this route, you need to take into consideration below-mentioned factors.

High Street Bank

Instead of opting for a high street bank, it is advisable that you take the services of a popular and specialist foreign exchange broker. When this is the case, you will be able to save more than 5 per cent of your international money transfers value. This can turn out to be extremely advantageous especially if you are one of those who transfer money on a regular basis. Banks generally charges hidden fee when doing any international money transfer. This is normally not the case with a foreign exchange broker. By taking the services of a FSA regulated Foreign Exchange Company, you increase your chances of getting a best possible international money transfer deal.

Timing of Your Transaction

You need to time your transaction at a right time. A main benefit of taking the services of a currency broker v the bank is the expert assistance that you are going to get. Instead of waiting for a last moment, a foreign exchange broker can help you immensely in satisfying your foreign exchange needs so that you get the best value out of your money transfers. Often, foreign exchange broker will discuss hedging routines so that you do not face any issues because of fluctuations in currency. Unlike banks, foreign exchange brokers keep a keen eye on the market and ensure that you get a best possible exchange rate.

Secure and Fast

The International money transfer services may give you a feeling that it is quite complicated but that is certainly not the case, more so when you are aware of all the methodologies involved in it. Irrespective of your choice for international money transfer, one thing that you need to do is to ensure that the whole process is secure. Another important thing that you need to take into consideration is how much time it is going to take. Funds should be in the account of your beneficiary in two to three days time.

For more information about money transfer,please visit at http://www.comparemoneytransfer.com .