Online money transfers around the world, 24/7
Western Union also makes money from currency exchange. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors. Fees and rates subject to change without notice.
While fund transfer through mobile banking is not an entirely new concept, it hasn’t become a part of our banking needs the way online banking has. So what is it that stops you? One reason could be lack of awareness and another could be the perceived challenging technology which really is not so challenging. We give you three simple ways to transfer your funds through your mobile. Through these modes, you can transfer money to a person’s account, with or without the account details, and even pay utility and other bills
Word of caution: While any kind of fund transfer, including paying bills, has to comply with two-factor authentication, make sure you are extra careful when transacting with your cellphone. Always lock your mobile phone with a security password, so that even if you lose your phone, you have one more layer of security. Never save your mobile banking details on your mobile phone. Also never disclose you password to anyone.
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