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works through Karnataka Bank India and the ACH system in the US, it credits the US correspondent account of Karnataka in the US and then transfers on to the recipient, the other way around is more or less the same. This is an India/US only remittance system. It is as safe as Karnataka Bank, so far they are good. The transfers seem to be a bit faster than the usual one week.
What else can I help you with?
What is the best way to transfer money overseas?
The best way to transfer money overseas is through a reputable international money transfer service or a bank wire transfer. These methods are secure, reliable, and offer competitive exchange rates.
What type of money transfer system is Hawala?
A Hawala is a basic money transfer system in the sense that it is a very rapid and quick method of transferring funds to people, as well as save on commission as the bank takes very little.
Can I transfer money to a debit card?
Yes, you can transfer money to a debit card from your bank account or through a money transfer service.
Is hawala legal in the USA?
Hawala, an informal money transfer system, is not illegal in the USA, but it is subject to regulations to prevent money laundering and terrorism financing.
How do you transfer money to another chase bank customer from my chase account?
Like most modern banks, Chase has a fully featured online banking system that can quickly transfer money to another customer. Customers who are unable to use the online system can complete a such a transaction at any Chase branch.
What is the best way to transfer money overseas?
The best way to transfer money overseas is through a reputable international money transfer service or a bank wire transfer. These methods are secure, reliable, and offer competitive exchange rates.
What is money transfer service?
Money X
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What type of money transfer system is Hawala?
A Hawala is a basic money transfer system in the sense that it is a very rapid and quick method of transferring funds to people, as well as save on commission as the bank takes very little.
Name one system that can be used to send money worldwide?
One system that can send money worldwide is Western Union. A person can either send money through traditional means by regular mail or they can transfer money online.
What is the role of money transfer systems such as western union money transfer and moneygramm in the economy?
what are the roles of money transfer
What is financial system?
Financial system is a system used by organizationÕs management to exercise financial control and accountability. It allows transfer of money between savers and borrowers.
What is a bacs payment?
Bankers Automated Clearing System a transfer of money electronically from one bank to another without a cheque or postal system.
Can I transfer money to a debit card?
Yes, you can transfer money to a debit card from your bank account or through a money transfer service.
Is hawala legal in the USA?
Hawala, an informal money transfer system, is not illegal in the USA, but it is subject to regulations to prevent money laundering and terrorism financing.
Which bank of Nepal is reliable to send dusbandh at icici bank India?
For sending money from Nepal to ICICI Bank in India, Nepal Rastra Bank (NRB) licensed money transfer services such as Prabhu Money Transfer, IME Pay, or Western Union are considered reliable options. These services are well-established and provide secure and efficient remittance solutions. It's advisable to check the latest exchange rates and fees before initiating a transfer. Always ensure that the service you choose complies with local regulations and has good customer reviews.
What is the definition of real-time system?
It means your processes are executed in real time. Life money transfer, etc..
