College Student Credit Card » transfer money http://collegestudentcreditcard.org Rewarding and Responsible Student Credit Card Tue, 07 Feb 2012 06:00:10 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Send Money to Mexico Through Either a Specialized Offer or a Pre Paid Card http://collegestudentcreditcard.org/send-money-to-mexico-through-either-a-specialized-offer-or-a-pre-paid-card/ http://collegestudentcreditcard.org/send-money-to-mexico-through-either-a-specialized-offer-or-a-pre-paid-card/#comments Sat, 02 Apr 2011 12:58:56 +0000 Susan Brown http://collegestudentcreditcard.org/send-money-to-mexico-through-either-a-specialized-offer-or-a-pre-paid-card/


Transmitting funds to Mexico is a common happening in the United States. With more than 8 million of this nation’s residents having Mexican heritage, it is no wonder that the capacity to send money to Mexico is important. When you need to transfer funds back home, you should not have to pay high costs. Doing so regularly can take up not only a lot of time, but also extra funds in fees. Finding alternatives to these costs is crucial if you want to save funds, and locating a bank or special program that provides transfers for free or really inexpensive can be just what you need.

By chance, several popular banks now advertise specialty programs just to help you to send money to Mexico. Chase Bank has Rapid Cash, which allows customers to transmit three different remittances of up to $1500 each every billing cycle. The money is transferred Banorte bank in Mexico, either right into your recipient’s account or to be picked up by them. Considering that most financial institutions without such services charge up to $45 per remittance, you can save a lot of funds this way if you want to send money to Mexico three times or less each month.

Bank of America has a similar program called SafeSend. As long as you have a personal checking account and enroll in the service, you can send money for free to your relatives. Similarly to Chase, you can send money to Mexico up to three times each billing cycle, up to $1500 every time. However, the total you can send in 30 days is $3000, so be sure to keep that in mind. In addition, $1 USD equals about 13.4 pesos, which you should remember when sending money. Just remember that the exchange rate changes a lot, so check it right before you send money to Mexico.

These options may work if you have to send a lot of money a few times every month. However, what if you just need to send some funds weekly? The fees could add up. Instead, consider sending your recipient a prepaid debit card. You could then add money as often as you need, for any amount you need, for a flat charge of $5. You do not have to have an account with any specific financial institution, and neither does your family. They could use the card at retailers for a small fee of about 13 pesos, or they could withdraw cash out of any ATM in Mexico for less than 40 pesos. If they want to avoid fees as much as possible, they could withdraw the cash all at once and pay the small fee just once.

You should select the option that works best for you. For one-time payments, or just one transfer per month, a bank could work best if you already have an account there. But if your recipient needs cash regularly and you are not sure of the amount every time, sending them a prepaid debit card could be the smartest move.

The truth about sending money to Mexico is finally revealed! Visit us at send money to Mexico to get all the free insider information.. Check here for free reprint license: Send Money to Mexico Through Either a Specialized Offer or a Pre Paid Card.

Incoming search terms for the article:

]]> http://collegestudentcreditcard.org/send-money-to-mexico-through-either-a-specialized-offer-or-a-pre-paid-card/feed/ 0 Information on How to Transfer Funds to Brazil http://collegestudentcreditcard.org/information-on-how-to-transfer-funds-to-brazil/ http://collegestudentcreditcard.org/information-on-how-to-transfer-funds-to-brazil/#comments Wed, 10 Mar 2010 15:19:37 +0000 Susan Brown http://collegestudentcreditcard.org/creditcards/information-on-how-to-transfer-funds-to-brazil/


There are numerous ways to transfer funds from the US to Brazil. One of the simplest ways to do this is to develop a relationship with a US bank that is well represented in Brazil, such as Bank of America, Wells Fargo or Citibank.

If the beneficiary of the funds has an account with one of these banks, it is a wonderful idea to open an account locally as well with the same bank, seeing as how account transfers within the same bank are often processed at a sooner rate and with little or no added cost. Bank transfers between two different banks are also relatively simple; however, sending funds from one bank to another can require a waiting period of up to 5 business days with significantly higher processing fees.

Costs can be quite high for global wire transfers. If, however, the money needs to arrive quickly, this is the best possible option.

Other than the bank transfer, another way to send funds to Brazil is through the pre-paid debit card. In an emergency this may not be the best method, since it takes some time for the card to physically be sent to the person in need of money; but for those who may often send money to family in Brazil, the pre-paid debit card is a good alternative.

Upon activation, sending a debit card with the PLUS or CIRRUS logo on the back will ensure that funds can be withdrawn from a gigantic and far-reaching network of ATMS located throughout Brazil and all over the world. If choosing to use an ATM card, you need to be certain that the cardholder is not retrieving funds without prior consent, for these are not pre-paid and hold no specific limit.

A pre-paid debit card is loaded with a fixed amount and cannot be overdrawn, making it a very safe option. If more money is needed at a later date, the card can be reloaded as many times as necessary.

In addition to these methods, online payment services are becoming the most popular way to send money overseas. This method moves the money quickly and the fees are relatively low, however, the recipient must have a banking history in Brazil in order to access the funds.

One advantage of sending funds this way is that the funds can be used to buy goods and services electronically without ever needing to change the sent funds into actual cash. On the other hand, if the receiver does wish to turn these electronic funds into cash, it is more difficult than with other proven methods, due to processing guidelines.

With whichever method you choose, fund transfer between the US and Brazil is now an easy process. Be it via bank transfer, ATM debit card or online transfer, funds can be transferred faster than ever.

The last thing you ever want to get is bad or outdated information about send money to Brazil. You’ll never have to worry about that again after you vistit this site Money to Brazil

]]> http://collegestudentcreditcard.org/information-on-how-to-transfer-funds-to-brazil/feed/ 1