Direct-to-Bank deposits and how to it works
When sending or receiving money internationally, whether you’re an employer, employed or somewhere in-between you have several options. You can use cash, cheques, or even electronic payments. Most organizations, however, prefer to use the Electronic options such as SWIFT or Electronic Funds Transfers (EFT).
These traditional methods attract large transaction fees or take days before the money is received.
The more technologically advanced International remittance companies have developed solutions that enable instant direct bank deposits. This is a service where your funds are electronically transferred to the recipient bank account within an instant. We’ve all been in that situation where you keep having to confirm whether “the funds have hit”. With services like bank deposit, you will receive a notification instantly.
Why should you use direct bank deposits?
Direct bank deposits by companies such as Upesi Money Transfer are instant. The direct bank deposit service, for example, allows you to receive instant bank transactions to banks in Kenya, Uganda, Tanzania, Rwanda, Ghana, Nigeria and Ethiopia. All you will be required to do is just choose the country and enter the amount you want to send, select the destination account which in this case will be the bank account, enter the recipient details confirm and then send.
No e-mail or physical forms are required when doing direct bank deposits. You also don’t need to keep checking your mailbox to see if your deposit was completed successfully. Your payments don’t get lost as long as you set up the process correctly the first time. Further to that, companies such as Upesi Money Transfer have 24hour customer support so any issues can be rectified on the spot.
Direct bank deposit is a great option if you’re looking to access your cash quickly.
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