MONEY TRANSFER

Sending your money through banks is another secure way but this option is better if the recipient has a bank account with an Automated Teller Machine (ATM) card. This makes it convenient for the recipient to withdraw cash anytime, and they are spared the trouble of having to wait for banking hours but you can still send money through banks even if the recipient does not have an account.The banks can either deliver the money door to door or let your recipient pick up the money from their branches or pick up locations. You can avail of the services of the following banks: BPI Remittance, Citibank, Equitable PCI Bank Express Padala, PNB Europe, PNB Rapid Remit, RCBC Telemoney, Security Bank, and UCPB.Claiming the money is quick and easy. With Western Union, the recipient does not have to spend precious time waiting for the bank to open because Western Union outlets have sprung up almost everywhere, even pawnshops on a 24-hour basis. The recipient can pick up the money the minute you send it by presenting even one valid identification card. If sent through LBC, recipients can also pick up the money in LBC outlets during office hours.

Instant Money Transfer Scheme from Tamilnadu Mercantile Bank

Under this scheme, in accordance with our tie up with Wester Union Money Transfer Service, we offer quick / immediate encashment of money at any of our branches spread all over India. TMB signed an agreement with Kuoni Travel (India) Pvt Ltd to offer Western Union Money Transfer (WUMT) a popular money transfer service in India for personal remittances from NRIs from foreign countries. Overseas Individuals can send money through WUMT to their kith and kin in India. The money will be received in India within few minutes it has been sent from abroad.

As per the RBI guidelines the maximum inward remittances per transaction is US$2500. In a calendar year an individual can receive a maximum of 12 transactions. There is no need for the sender and receiver to have an account with TMB. The receiver has to fill up the 'To Receive Money' (TRM) Form available in the bank along with an original Valid Photo ID proof for verification by the bank official. After verification the transaction will be processed and the amount will be disbursed to the receiver within few minutes. If the amount exceeds Rs. 50,000.00 the mode of disbursement will be by pay order/account credit only. The amount will be disbursed to the name of the receiver only as mentioned by the sender. The time taken by TMB to payout the money through WUMT service will be around 15 minutes per transaction.

www.tmb.in/s_moneytransfer.htm

Western Union Money Transfer

Western Union Financial Services, Inc. is a global leader in money transfer and messaging services. Known for its pioneering telegraph service, Western Union dates back to 1851 and introduced electronic money transfer service in 1871. Western Union has thousands of Agent locations in countries and territories worldwide. With Western Union Money Transfer, its quick and easy to send money to your family back home in India. There are over 33,000 Agent locations in India, including 8,500 Post offices and over 14,000 branches of leading banks.Our money transfer options offer you the convenience and dependability you need and the peace of mind you deserve.Use cash to send a money transfer from thousands of nearby Agent locations around the world and your family and friends can pick it up at any of the 12,000 locations in India. As a government requirement, maximum payout amount is not more than $2,500 US dollars (or IN Rupee equivalent) per transaction. Sender threshold amount has therefore been set at Indian Rupees 98,125 to ensure exchange fluctuations do not result in the transaction being declined to the receiver. Maximum cash payout for all Indian nationals and all residents (Indian or Foreign) is 50,000 IN Rupee; Payouts over 50,000 IN Rupee will be paid by local crossed check only. As a government requirement, a payee can only receive a maximum of 12 transactions per calendar year.Receiver must present valid identification.There is no cash payout limit for foreign passport holders in India. For home delivery transfers, the payee must have the original and a copy of their valid photo identification. To send or receive money at an Agent location, Western Union does not require credit cards, bank accounts, memberships or citizenship papers. Receivers in India may need to show a currently valid government-issued photo ID. Additional information may be necessary to meet government requirements depending on the amount being sent or received. To send money online, you will need a U.S.- or Canadian-based Visa® or MasterCard® credit or debit card. To send money via 1-800-CALL-CASHSM, you will need a U.S.- or Canadian based Visa®, MasterCard® or Discover® credit or debit card.Western Union Agents are independent businesses that provide money transfer service to their customers on behalf of Western Union. In India, money may be picked up at any of the 10,000 participating Agent locations in over 650 cities.

http://www.westernunion.com

TRANSFER MONEY ALL OVER THE GLOBE – Yes we are talking about Global Money Transfer

Yes we are talking about Global Money Transfer. iKobo is managed by people who have extensive experience in money transfer, consumer payments, transaction processing and data security. We understand how important each and every transaction is to our customers and are committed to earning your business. iKobo was founded in 2001 to offer the market a better, faster, safer and more economical solution to international person-to-person money transfers. Leveraging modern technologies and an on-line customer interface, iKobo today offers a secure solution that is vastly superior to traditional agent-dependent companies. iKobo uses an open network of VISA merchants and ATMs numbering more than 25 million which is more convenient and safe to send and receive money than a closed network of independent agents. iKobo allows consumers to use credit cards, debit cards, or bank accounts on-line to send a re-loadable Visa® Prepaid Card to recipients. Once someone sends you money you will be sent an iKobo Visa Prepaid card to withdraw the funds via ATM. If you already have an iKobo Visa Prepaid card, the money is instantaneously deposited once the transaction is completed.
The iKobo card is sent out via regular or express mail depending upon the option chosen by the sender. The card is the key to giving consumers the convenience, safety and security of receiving money in an environment managed by VISA - the global leader in payments. The assurance of privacy and security for customers is why we trust VISA and our other processing partners.

https://www.ikobo.com/