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Start Using Your Cell Phone to Transfer Money to India

by on Mar.31, 2011, under India

If you ever desire to send money to India, you are possibly always looking for new ways to do so. There are of course the traditional methods that have been used for years, such as banks, funds transfer services, and sending a prepaid debit card. However, now you can also use your phone to send money to India, which is great news if you have family there that needs your assistance monetarily.

As long as your relatives have Tata Indicom, which is a major cell phone provider in that country, they can transmit and receive funds as much as they want. The program is called Green Money Transfer, as no paper is required. It is all dependent on technology, and your family members will simply need to sign up for the service before they transfer or accept money.

As soon as they sign up, they can go to the nearest location to them and request a transfer for up for 5,000 rupees. If you are sending funds to them, they will just need a transaction code in order to go to Green Tata PCO location near them to pick up the money. This is after you have started the remittance on your phone. Though the service has few locations right now, look for future expansion, or even other similar programs that permit transfers from the phone.

If you want to send money to India using a phone but do not have this cell phone provider, there are other options. You can send them a prepaid debit card. Once you select a company from which to get the card, you can send it to your relatives, and then call the company to add funds to the card. If your phone has Internet, you can also log on to add money that way. It will cost your family members less than 50 rupees to use the prepaid debit card at retailers, and about 140 rupees each time they remove funds from an ATM, no matter the amount. Each time you send money to the card, you will be charged a $5 fee, so sending large lump sums is more cost-effective than transferring a little at a time. Either way, this option is often much less expensive than using a financial institution, and it is particularly convenient if your relatives do not belong to a financial institution.

Whatever the reason you have to send money to India, there are numerous methods. Sending money from a phone is simply more appealing to most people, and usually the cheapest choice. Whether you decide to use cell phone providers or a prepaid debit card, transferring funds to family in India is doable without breaking the bank, or even having an account.

Never before has transferring money to India been this quick and easy! Grab all the inside information while there’s still time at transfer money to India. This article, Start Using Your Cell Phone to Transfer Money to India has free reprint rights.

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Know Common Forms of Payment in the Region Before You Transfer Money to China

by on Mar.30, 2011, under China

Many people have never been to Asia, but that shouldn’t prevent anyone from learning how to transfer money to China to kin in need. Even if you live thousands of miles away, you can get an idea of your options before you send any money. After all, remitting currency that your relative cannot use or selecting a dangerous or time-consuming method can ruin your plans of helping them out. Just getting to know the common forms of payment in the area can help you make the right decision.

The official currency of China is the Renminbi Yuan, made up of 100 fen. $1 USD equals about 6.82 Yuan, though the rate changes daily. Currency exchange is typically only available in China, so most travelers and residents returning to China cannot usually find local legal tender before they enter the country. However, one of the greatest aspects about the ability to transfer money to China is that your U.S. money will be converted automatically to Chinese currency in most cases, depending on the service you use.

If you both have an account at a bank that exists in both regions, or perhaps both have access to the same account, you can easily transfer currency to your family. If you have access to their account, it is free to transfer money to China through this option, but if you use separate banking institutions, the fee is typically anywhere from $10 to $45. You should find out from your bank what they charge for this service. If you are lucky, your financial institution could permit you to remit the money for free to a certain financial institution in China, but you usually have to be using a particular type of account that a may cost money in itself.

Credit cards are not quite as standard in China as they are in the United States. However, most banks there do provide debit cards, such as the Industrial and Commercial Bank of China, and most branches of the Bank of China. This means that your relatives likely have decent access to ATM’s. Macau, Hong Kong, Beijing, and Shanghai are especially well-known for their abundance of cash machines. Take advantage if they live in such major areas by mailing them a prepaid debit card. This allows them to withdraw funds from ATM’s for a charge of approximately 10 Yuan, or use it at merchants that accept debit cards. Of course, if your family members live in smaller cities, particularly those in rural areas, you should first make sure they have access to ATMs and nearby financial institutions before taking these routes.

These are the main ways that many people decide to transfer money to China. Trying to send funds before you find out the best way for your recipients could prove to be pointless. For example, sending a prepaid debit card might be the cheapest route in many cases, but it is useless if your relatives have very little access to ATM’s or merchants that accept debit cards, and thus, no way to access their money. A little knowledge about the area where they dwell can go a long way.

Never before has transfer money to China been this quick and easy! Grab all the inside information while there’s still time at transfer money to China. Unique version for reprint here: Know Common Forms of Payment in the Region Before You Transfer Money to China.

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Transfering Cash To India Using The Internet

by on Mar.29, 2011, under India

Finding yourself needing to wire cash but you are unsure which online service to use? Well there are plenty of options, but you must do some research to avoid getting ripped off by high fees or unreliable companies. It is important to remember wiring money to India via the internet can sometimes be dangerous. On occasion it can be difficult to distinguish between reliable companies and those online companies falsely promising to get your money there safely.

You must also remember to pay attention to the fine print. Some companies refuse to offer refunds if you commit a “user error,” and will argue the money cannot be converted back from U.S. dollars to rupees after it had already been converted once. Although it doesn’t make much sense, it’s all the more reason why you should do a little research before wiring funds to India.

Another reason to investigate is because the exchange rate is dependent on the service you decide on. This is just one reason why offline wire services and re-loadable debit cards have grown in popularity. Companies such as these decide the rate based on the official financial market rate for that day, unlike other companies which are left to make the decision on their own. You can imagine those that decide on their own rate will surely have it benefit the company as opposed to the customer.

Online transactions and postal mail are other ways to go, with the latter – also known as “snail mail” – taking up to five weeks to arrive. A quicker option is to buy a re-loadable debit card that simply requires web or telephone access in order to add money from a credit card or bank account. The card is then delivered by FedEx to your intended recipient at whatever location they desire. This method has proven to be quicker and safer than using the postal mail and recipients can avoid exchange rate battles with companies by simply withdrawing their money from an ATM in India.

As you can see, there are several ways to transfer money over to India, and as you can also see, it is important to research the methods before committing to any one.

The gurus hate it when their personal secrets about tranfer money to India get exposed! Now they’re fuming mad about this site transfer money to India and trying to shut it down.. This article, Transfering Cash To India Using The Internet is released under a creative commons attribution license.

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Behind HJDS Travel Group Blog

My name is Harry Delgado and I am a full time Internet and Small Business developer and marketer. Over 30 years in the Computer systems development, programming, hardware installations and support. Currently making a living from blogs like HJDS Computer Services , HJDS Investment Group and HJDS BlogBiz. You can connect with me via social media sites at Facebook - LinkedIn - Twitter - YouTube.