Card to Card Transfers

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An electronic bank transfer can cost as much as £25 to send money back home
for those who have settled in the UK, which is not ideal, especially for regular
transfers and for small sums of money.

International money transfer agents, such as Western Union and Moneygram,
offer a quick way to send and receive money to/from those back home but
this can be quite expensive. Money can be sent online, over the phone or at
an agent's branch and must then be collected at a local branch in the recipients
country. But again this method is expensive, particularly for small sums.
For example, to send 496 Polish zloty (equivalent to £93.80) from the UK would
cost about £100, which takes into account the exchange rate and a £4.99 fee.

The solution is a prepaid credit cards supplier where you can obtain additional
supplementary cards to send to your siblings anywhere in the world where they
are able to access funds via atms that are part of the visa/mastercard network.
This then becomes a simple solution for sending & receiving cash on a card to
card basis, with low charges. Transfer money from card to card at little cost.

The prepay card market is fast becoming the preferred choice for thousands
of immigrants sending cash home. Prepay cards, which can typically be bought
with two forms of identification (passport or drivers licence & utility bill –
not mobile phone bill though), enables cash to be loaded onto a prepaid debit card
which can then be used to pay for goods in shops, online or withdrawn from
cash machines, using chip and Pin technology, worldwide.

There are maximum limits applied on the cards - typically £5-6,000. Most prepay
card issuer’s, will allow cardholders two cards so one can be used in the recipients
country by a family member. It can cost £1.50 to send money overseas and then
there is an average £2 charge to withdraw cash in the recipients country.
Compared to a money transfer company that could charge up to £10.

Western Union and Moneygram are global leaders in worldwide money transfer
solutions. You can send money to friends and family all over the world, including
Africa, Caribbean, India, Poland and Eastern European countries. Wire transfers
are relatively simple to carry out. Other money transfer service providers
include Dahabshiil who wire cash to Somalia East Africa and many other
locations worldwide, so do TMT. For card to card money transfers.