Money Transfers With A Prepaid Debit Card
Aside from the fact that the fees are outrageous
, the lines are long, and the inconvenience of having to find a nearby transfer agent, there is the concern of carrying large sums of cash on both the sending and receiving end. The exchange rate is also an issue, often leaving fewer funds available after the transfer.
For millions of people a prepaid debit card is a blessing. A person in the U.S. can purchase a prepaid card at a retail store or even over the internet. They send the card to the recipient and once the card is activated, money can be transferred over the telephone, at a retail store, or online. These cards offer the sender a substantial savings, with the ability to send funds for as low as $5.00.
Immigrants working in the U.S. are sending billions of dollars home to support their families every year. The prepaid debit card offers savings and security for immigrants and their families. Funds can be transferred anytime 24/7, sometimes right from their home. With the lower costs involved in transferring money by this method, immigrants can send more money home.
It is important to note when choosing a prepaid debit, stored value card that you understand the fees involved with the use of this card. These can include monthly maintenance fees, fees for international ATM use, inactivity fees, and the fee to load or add money to the card.
Companies like ATMCASH, make the process of transferring money abroad effortless. Sending money to over 1 million locations and with fees as low as $5 to send $1,000. Prepaid Cards are sent via FedEx to the recipient of choice, so they can have it in their hands quickly and easily. The evolution of the prepaid debit card will make a difference in savings, time, and security giving the sender and receiver peace of mind knowing that they can safely send and receive money without the hassles encountered with the alternate methods.
by: Peter Frampton
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