Tips Before You Conduct A Money Transfer Transaction

Being able to transfer money has become paramount especially for those who are working overseas. However, there are a few things which you need to consider if you are planning to transfer money.

Tips Before You Conduct A Money Transfer Transaction

Check Your Options First: Make sure that you consider all options available to you before deciding on transferring money. One of the best options that you can go for is going through an international bank which has many branch located across the globe. A good example would be to contact Barclays bank. Another option is having a third party receive the money for you through his account via electronic funds transfer.

Planning In Advance: It is important that you plan ahead. Not only can this minimize troubles but it also lessens expenses. Just keep in mind that the earlier you need the money to be sent, the more expensive it gets. For example, if you will be transferring a $700 amount to Mexico through Western Union, it will cost you $35 if you have it processed over the phone, $22 through their webpage, and only $14 if you walked in person in one of their branches.

Check the Fees: perhaps the most important factor you need to consider when transferring funds is the fees associated with the transaction itself. Always remember that the faster you want the money to be sent, the more expensive the fees will be. And the smaller the amount, the higher the fees. Converting currencies also costs more fees so it would be better to check the conversion rate first and see if the conversion rate is close enough.

Conducting money transfer transactions can sometimes be tricky if you do not do your assignment. It helps a lot to be familiar with various financial transactions especially that most transactions involve money.

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BPI Offers My ePrepaid MasterCard

Bank of the Philippine Islands (BPI) offers My ePrepaid to every shoppers out there. It is a reloadable prepaid card that allows users to shop at different stores affiliated with MasterCard. This can be done internationally and online. You can reload your “My ePrepaid MasterCard” through different BPI channels which are available 24/7.

BPI My ePrepaid MasterCard

My ePrepaid MasterCard Key Features:

  • Guaranteed 100% Application Approval
  • No Maintaining Balance
  • Use wherever MasterCard is accepted – at the widest selection of online shopping sites and stores here and abroad.
  • Pick the card color of your choice, available in Azure & Indigo.
  • Valid for two (2) years.
  • Load up to P10,000
  • Easy loading & reloading through numerous BPI electronic channels.
  • Check your card balance real-time through text (SMS) or by dialing 89-100; press 4 for Express Cash and press 1 for Balance Inquiry.
  • Enjoy instant discounts and freebies from BPI Real Thrills.

Having this card has lots of rewards and benefits! You can even use it in booking your Philippine Airlines tickets or from TicketWorld, and use it in buying and downloading apps for your gadgets. Contact the nearest BPI branch to apply. You can also apply online through bpiexpressonline.com!

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