Money Wire Transfer
By kaichoukebz
@kaichoukebz (1190)
Philippines
5 responses
@youless (112511)
• Guangzhou, China
22 Dec 11
I just tried to transfer money online within my country and the charge is not so high. Especially if you just transfer the money to the same bank in the same city, then it is free of charge. I haven't tried to transfer money overseas. But I know some websites charge high fees for it. Such as Microworkers charges USD35 for the bank wire and this is quite expensive.
I love China
1 person likes this
@kaichoukebz (1190)
• Philippines
24 Dec 11
Are you serious? 35 USD? That is too much. I had tried microworkers also but I had not cash out there yet. It is hard for me to earn there. There are some jobs which were very difficult to accomplish. it is really hard to earn online. 
1 person likes this
@mohkanari (1957)
• India
22 Dec 11
I think it is also known as electronic fund transfer, which is instantaneous crediting of transferred amount to another account at a different place.. In my country some bank never take extra charges for it, when amount is transferred to its another office or to another bank having arrangements with it. So, now money transfer is very easy.
1 person likes this
@kaichoukebz (1190)
• Philippines
24 Dec 11
So the charge is dependent from the bank? I do hope it will be successful to transfer from India to Philippines. Will the money be directly transferred into my bank savings account? Is it safe to use wire transfer?
1 person likes this
@kaichoukebz (1190)
• Philippines
24 Dec 11
What about if I am to be sent of an amount of money? I had given to my employer all about my bank account. Will the wired money be credited directly to my bank savings account? It is my first to do this wire transfer. I am so sorry if I ask too much question. 
1 person likes this
@telmesh (1793)
•
23 Dec 11
Hi kaichoukebz, having been in situation where having had my money stolen whilst on holiday, I had to have some money wired to me.
Yes the service providers do charge, it is cheaper to have money transfered from one bank account to another. This is a method I would only use where cash was required by the recipient. 
@telmesh (1793)
•
25 Dec 11
With a wire transfer, as I understand it, you actually transfer cash so you would have to name someone to collect it. If the money is to go to a savings account then it would be much easier to transfer from one bank account to another and then transfer into a savings account. The only problem is setting up the bank accounts to start with.
@kaichoukebz (1190)
• Philippines
24 Dec 11
Can I transfer money from India going to Philippines? The money to be transferred is 50$. How much suppose to be is the fee for that? Will the money be credited directly to my saving accoutn. I am very sorry to ask many questions. It is only my first time to use this transferring money method. I hope you understand. 
1 person likes this
@iswariyachellappan (122)
• India
22 Dec 11
I don't know about that exactly but I think they do charge some very small amount. Just heard from one of my friend.Will check out and let you know.
I have sent you a friend request.
1 person likes this
@kaichoukebz (1190)
• Philippines
24 Dec 11
Oh, I wonder if how much is the charge. I do hope that it will not cost too high. It is my first time to do money wire transfer. I am very curious about it. Hope it will come into success.
1 person likes this
