How to Transfer Money

Transferring money is necessary for a number of reasons, and can be done through a variety of methods depending on the reason for transfer. This article will give a brief outline for three methods of transferring money securely, online, through wire system and with credit and debit card.

Instructions

MoneyGram money transfer

MoneyGram is one of the leading providers of international person-to person money transfer. It allows you to wire cash quickly (usually within 10 minutes) through MoneyGram international money transfer network of approximately 92,000 agent locations worldwide to recipients in 170 countries.

MoneyGram usually costs less than Western Union and offers customers additional value by giving them:

  • a complimentary 3-minute phone call to tell the receiver the money is available
  • a 10 word message to accompany the funds
  • The offer of a free MoneySaver Card discount and 100% guarantee service.

MoneyGram is usually used by:

  • People without traditional banking relationships
  • People who send money to their home country
  • Traditional bank customers in need of emergency money transfer services
  • Tourists without local bank accounts and
  • Businesses in the United States that need rapid economical wire transfer services.

You will need

  • Valid e-mail address
  • Street address and phone number of person you are sending money
  • Valid credit or debit card (activated for online/ cash advance use)
  • Last 4 digits of Social Security Number (US only)

Ikobo credit/ debit card money transfer is one of the fastest way to send money to anyone, anywhere in the world. Your money is sent instantly to a reloadable Visa debit card which your friend, family or business associate can use at over 1.2 million ATMs and 20 million retail locations worldwide.

How iKobo works

Sender:

  1. Click to send money
  2. Tell who to send money
  3. Tell how much money to send
  4. Click to send money

Receiver:

  1. Receive a secure Visa debit card
  2. Re-use your card every time you receive money
  3. Get your cash from ATMs worldwide

You will need

  • Valid e-mail address
  • PayPal account
  • Credit or Debit Card

Paypal is the global leader in online payment solutions and has more than 30 million account members worldwide. Paypal is used by eBay buyers and sellers, online retailers and other businesses. Available in 38 countries, and 5 currencies: Pounds Sterling, Euros, US Dollars, Canadian Dollars and Japanese Yen, PayPal is ideal for international as well as domestic transactions and money transfers.

Sending money using PayPal

  1. Follow the instructions to sign up for a PayPal account and add the details for your debit or credit card. You’ll then be able to send money to anyone with an e-mail address.
  2. Control how you pay: from a bank account, credit card or your PayPal balance; you can transfer money from PayPal anywhere, from home, work or even your mobile phone.
  3. PayPal is a great way to transfer money securely. When using it, you do not divulge your credit card information and details to people online.

Receiving money with PayPal

  1. You can receive money from anyone with a paypal account.
  2. You will receive an e-mail from PayPal soon after the money has been sent to you. The sender never sees your financial details.