Visa Money Transfer

Visa Money Transfer

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.