answersLogoWhite

0

Westernunion cannot have in custody a fund and distribute the fund by moneytransfer. Therefore she needs a authorisation certificate from the bank

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What is neft in banking?

NEFT-National Electronic Fund Fransfer


What Commercial Bank is prohibited to do?

This depends from country to country, and the type of commercial banking license as provided by the financial regulator (usually the central bank) to the commercial bank. Each country has its own set of rule sets and definitions. In some, a commercial bank would not be allowed to do investment banking or trade in equities and/or mutual fund. A separate license might be required for such activities. Some commercial banks are prohibited to have equity partners that might be other banks and/or insurance companies, etc. Some acute restrictions could be that of not be allowed to to international trade banking or FX banking.


What is the full form 'neft' of usage in banking sector?

National Electronic Fund Transfer


What services does Sun Trust Bank provide?

SunTrust offers mobile banking, online banking, and retirement fund help for personal banking. They can also help manage small businesses and wealth.


Where can a person find banking for small business?

One can find small business banking through most financial banking institutions. However, banks have became stricter on what type of businesses that they fund.


How do you fund your pilots license?

Join your local Air Force.


What is fund utilization in banking system?

Fund utilization is when the use of funds is governed by the fund authority for the specified fund type, or in the case of trust funds for the specified account. Managers are responsible for understanding the restrictions on use for all fund types, and for any trust account utilized by the department.


What are the basic banking services provides in e-commerce?

Checking account statements Round the clock banking (ATM) Payment of bills Fund Transfer and Updating pass books


What are the basic banking service provide in e-commerce?

Checking account statements Round the clock banking (ATM) Payment of bills Fund Transfer and Updating pass books


What are the basic banking services provided in e-commerce?

Checking account statements Round the clock banking (ATM) Payment of bills Fund Transfer and Updating pass books


Who can invest in banking sector funds?

Usually there are no restrictions as to who can invest in a particular type of fund. If you are asking, who would want to invest in banking funds, the answer is: anyone who feels that the banking industry will continue to grow and generate profits for the investors can invest in them.


What are the products and services offered in international banking?

In international banking services and products are Eft (electronic fund transfer), export- import payment public issues of depositories (ADR and GDR) etc. internatinal credit card business, foreign investment portfolios. insurances