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Information of Global Money Transfer

Type of transfers: There are many modes of transfer available at leading transfer giants, which are prominently established with a huge network, globally. Selecting the mode to send money, which is available in the country of transfer, is dependent on the sender’s choice and convenience.

  • In Cash
  • Directly into a bank account
  • Delivered at home
  • On a mobile wallet
  • In a Card
  • To an ATM

The FEE: Money transfer to any place in the world is possible, at a cost. This cost incurs as a fee to the sender and in some cases is deducted from the beneficiaries balance as well, if applicable. The fee is a small percentage of the total amount, and is applied every time you send money.

Notification: SMS notifications are available to the sender and receiver regarding the progress of the transfer. Online tracking systems are also available to those who wish to use the same.

Security: To ensure the safety of the transferred money, a 16-digit code is sent as a SMS to the beneficiary, upon showing which, the money can be redeemed at payment centres.

Multiple Transfers: Transfers to multiple locations are also possible, when transacting at a transfer agency. All you need to do is give the exact account details, amount to be sent and beneficiary details to the agent.

Anywhere money: For beneficiaries who do not have a bank account, or cannot access the same, money can be transferred to the person directly at their doorstep or collection centres, where the beneficiary would require to show proof of identity to collect the same, from a branch and location of their choice.

Multiple currencies: You can also choose to transfer money in the currency of your choice, through the current currency rate that the bank or agency has to offer.

Rollback and cancel: It is possible to cancel the currency transfer in a given period of time, as per the rules of the transfer centre you choose. A full refund with the service fee would be reimbursed to the sender, in such cases.

Limit on transfer of money: Though there is no lower limit on funds transfer, a single unit of any currency can be chosen to be transferred, there is an upper limit of $7500 or equivalent in any currency, in a given transaction.