Visa has recently introduced the 'Visa Money
Transfer' option for its savings and current account holder of any bank
with a visa debit card. This facility helps its customer to transfer
funds from his bank account to any visa card, either debit or credit
within India.
A Visa Money Transfer is of similar kind, in many respects, to the
third-party fund transfer option given by some banks to its account
holders through e-cheque, but this is restricted to only visa
cardholders.
How to transfer money?
- Log on to your bank account through your respective bank
websites.
- Fill the beneficiary details like visa card numbers, name,
address and then specify the amount that needs to be transferred.
For bank account specify the visa card number and credit card number
for paying credit card bill.
- Click on to VISA Transfer Payments button.
- Transfer immediately or on schedule date. Your account will be
debited according to the date mentioned.
Notable points of Visa Money Transfer
- The time taken for money transfers could be the same or even more
than that of a demand draft i.e. two or three days or even more.
- Currently there are no charges but limits has been set by certain
banks on the current transfers.
- It is available in 150 cities across the country now.
- The transferred amount can neither be changed nor stopped once it
is initiated.
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