SEND MONEY TO INDIA, BANGLADESH, PAKISTAN, WORLDWIDE BY WIRE TRANSFERS
Money transfer overseas using Bank Wires:
A wire transfer is the moving of money from one bank account to another directly and in a secure transfer.
The main advantage of a wire transfer is that it is very secure. You just need to send money from one bank account to another. Once recieved, the money can be retrieved by the recipient from his bank account. The money is sent over highly encrypted banking networks which make it very difficult fo fraudsters. Your money is totally secure as it is insured and guaranteed.
You need to know the following before initiating a bank wire to transfer money overseas.
1) The amount of money you are going to transfer overseas. Take care to see that you have enough money in your bank account or you will have to pay steep fees for overdrawing.
2) Name of the recipient of the money.
3) The bank account number of the recipient.
4) The routing number of the financial institution of the recipient. The routing number is also referred to as ABA routing number. Note that Routing numbers are used in America and Europe only.
For the Asian and other countries you should ask for the swift code. Swift code is same as routing number but transferring money is a bit different. Swift code takes a bit of time, around 24 hours for a bank to transfer and transferring through a routing number doesn’t require much time.
5) The bank account number and routing number of the sending account.
After you have the details and you have the money to send, contact the bank for sending money using wires. After furnishing all details and the sending part, ask them for a reciept. You can also get in touch with bank’s customer care helpline for more information but you need to have the basic information as above.
Note that a wire transfer may take as many as 2 to 3 days. If the money to be sent is smaller, the fee may set you back by around $25 however it may vary depending upon the amount of the money you want to send. So you can complete your cash or bank wire money transfer this way.
Your local bank can help you send money anywhere in the world if it has the required facilities. Check your bank’s website or ask them personally whether they can send your money overseas or not. Most international bank have the facility of transfering money by wire transfers. Also the recieving institution must have the facility to get money by wires from other banks.
International banks have the facility of transfering money by internet using your bank account too. They allow you to “wire transfer” by internet. Check out if your bank has this facility and whether the reciever’s bank has this facility.
Wire transfers are reliable and easy way to transfer money to your service provider or for other business or personal purposes. Bank wire transfers are preferred by corporates for transfering money due to their cost effectiveness and hassle free nature.
Courtesy: http://ginpost.com/86/send-money-via-secure-wire-bank-wire-transfers/
Money transfer overseas using Bank Wires:
A wire transfer is the moving of money from one bank account to another directly and in a secure transfer.
The main advantage of a wire transfer is that it is very secure. You just need to send money from one bank account to another. Once recieved, the money can be retrieved by the recipient from his bank account. The money is sent over highly encrypted banking networks which make it very difficult fo fraudsters. Your money is totally secure as it is insured and guaranteed.
You need to know the following before initiating a bank wire to transfer money overseas.
1) The amount of money you are going to transfer overseas. Take care to see that you have enough money in your bank account or you will have to pay steep fees for overdrawing.
2) Name of the recipient of the money.
3) The bank account number of the recipient.
4) The routing number of the financial institution of the recipient. The routing number is also referred to as ABA routing number. Note that Routing numbers are used in America and Europe only.
For the Asian and other countries you should ask for the swift code. Swift code is same as routing number but transferring money is a bit different. Swift code takes a bit of time, around 24 hours for a bank to transfer and transferring through a routing number doesn’t require much time.
5) The bank account number and routing number of the sending account.
After you have the details and you have the money to send, contact the bank for sending money using wires. After furnishing all details and the sending part, ask them for a reciept. You can also get in touch with bank’s customer care helpline for more information but you need to have the basic information as above.
Note that a wire transfer may take as many as 2 to 3 days. If the money to be sent is smaller, the fee may set you back by around $25 however it may vary depending upon the amount of the money you want to send. So you can complete your cash or bank wire money transfer this way.
Your local bank can help you send money anywhere in the world if it has the required facilities. Check your bank’s website or ask them personally whether they can send your money overseas or not. Most international bank have the facility of transfering money by wire transfers. Also the recieving institution must have the facility to get money by wires from other banks.
International banks have the facility of transfering money by internet using your bank account too. They allow you to “wire transfer” by internet. Check out if your bank has this facility and whether the reciever’s bank has this facility.
Wire transfers are reliable and easy way to transfer money to your service provider or for other business or personal purposes. Bank wire transfers are preferred by corporates for transfering money due to their cost effectiveness and hassle free nature.
Courtesy: http://ginpost.com/86/send-money-via-secure-wire-bank-wire-transfers/
No comments:
Post a Comment