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Do I Need A Bank Account To Send Money?

The document provides 5 tips for both sending and receiving money through international money transfer. For sending money, the tips are that a bank account is not needed, funds will be available to the receiver within minutes, the receiver does not pay fees, key details need to be provided to the receiver including the sender's name and amount sent, and a test question is required for transfers to Africa. For receiving money, the tips are that the money transfer number is optional but can help locate the transfer, valid ID and details from the sender like their name and amount sent are needed, proper ID is required, a bank account is not needed as money can be received in cash, and no fees are paid by the receiver as the sender pays all

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WANKHAMA
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18 views2 pages

Do I Need A Bank Account To Send Money?

The document provides 5 tips for both sending and receiving money through international money transfer. For sending money, the tips are that a bank account is not needed, funds will be available to the receiver within minutes, the receiver does not pay fees, key details need to be provided to the receiver including the sender's name and amount sent, and a test question is required for transfers to Africa. For receiving money, the tips are that the money transfer number is optional but can help locate the transfer, valid ID and details from the sender like their name and amount sent are needed, proper ID is required, a bank account is not needed as money can be received in cash, and no fees are paid by the receiver as the sender pays all

Uploaded by

WANKHAMA
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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FLY A5 5 Tips AFR ENG

8/18/06

10:44 AM

Page 1

5 TIPS TO SEND MONEY

1. Do I need a bank account to send money? 2. When will the money be available to the

No, you can send money without holding a bank account.

receiver? Funds will be available in minutes subject to Agent locations hours of operation, difference in time zones and terms and conditions of service.

3. Does the beneficiary have to

pay fees? No, all fees are paid by the sender.

4. What do I need to communicate to the

5. Do I need to add a test question?


Yes, any transfer to Africa needs a Test Question for security reasons.

Fast, reliable, worldwide money transfer.

2006 WESTERN UNION HOLDINGS, INC. All rights reserved.

beneficiary? - Senders name - In some countries the MTCN and/or answer to the Test Question is required for payment - Sending country / city of origin - Amount sent in local currency

FLY A5 5 Tips AFR ENG

8/18/06

10:44 AM

Page 2

5 TIPS TO RECEIVE MONEY

1. Do I need to provide the 10 digit number


(known as the MTCN) to collect my money ? No, the MTCN is optional but providing it will help facilitate locating a payment. In some countries it is however a requirement.

2. What do I need to collect my money?


- Senders name - Country / City of transfers origin - Expected amount of money to be received - Valid ID - Answer to the Test Question

3. Do I need a proper form of ID to collect my


money? Yes, normally a passport, National ID or drivers licence.

4. Do I need to have a bank account to collect


my money? No, you receive the money in cash.

5. Do I need to pay a fee when collecting my


money? No, all fees have been paid by the sender.

Fast, reliable, worldwide money transfer.

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