money transfers
Aug 12, 2004 | 6:03 am
#1
Original Poster
Join Date: Aug 2004
Posts: 3
money transfers
I'm new here and I was wondering if anyone can help with a problem I've been having for a while now. I have to receive some money from a relative of mine who works in another country and I was wondering about a cheap and effective way of getting them. He's already ruled out Western Union because of their high fees. Can anyone suggest something else please? Thanks in advance.
P.S. I apologize if I posted this in the wrong category, but it seemed appropriate enough. If so, I don't have any problems if the moderator decides to move it in a more suitable category. Thanks for understanding.
P.S. I apologize if I posted this in the wrong category, but it seemed appropriate enough. If so, I don't have any problems if the moderator decides to move it in a more suitable category. Thanks for understanding.
Aug 12, 2004 | 2:24 pm
#2
Join Date: Jul 2003
Location: los angeles,ca
Posts: 281
ATM card
Open a bank account at that country and sent ATM card to you. Use ATM to withdraw money with such as star system ...
Originally Posted by aloneinthedark
I'm new here and I was wondering if anyone can help with a problem I've been having for a while now. I have to receive some money from a relative of mine who works in another country and I was wondering about a cheap and effective way of getting them. He's already ruled out Western Union because of their high fees. Can anyone suggest something else please? Thanks in advance.
P.S. I apologize if I posted this in the wrong category, but it seemed appropriate enough. If so, I don't have any problems if the moderator decides to move it in a more suitable category. Thanks for understanding.
P.S. I apologize if I posted this in the wrong category, but it seemed appropriate enough. If so, I don't have any problems if the moderator decides to move it in a more suitable category. Thanks for understanding.
Aug 13, 2004 | 1:56 am
#3
Original Poster
Join Date: Aug 2004
Posts: 3
Tried it already, I couldn't do it. Maybe because I'm not from the same country, or because I'm from Eastern Europe they won't trust me or something like that. Right now I'm looking at some on-line options, so far I've come up with moneybookers, ikobo and xoom. I'll look some more into these options and see how it goes. If anyone has anymore suggestions or tips they are more than welcome.
Thanks for your suggestion anyway yyyccclll. Appreciate the help, please keep 'em coming.
Thanks for your suggestion anyway yyyccclll. Appreciate the help, please keep 'em coming.
Aug 14, 2004 | 8:49 am
#4
Join Date: Aug 2004
Posts: 1
Hi. I saw your thread and I am in the same situation as you are. I tried those services you mentioned in your early posts and I think ikobo is my first choice. It has low fees and it's coverage is all over Europe (in fact it has 170 countries). I will try to sign-up and keep you posted. If you found and tried other payment systems please share with us your experience. Thanks.
Aug 16, 2004 | 11:09 am
#5
Original Poster
Join Date: Aug 2004
Posts: 3
Ok, you do that and we'll see where we are from there. I appreciate the fact you're helping me out, I'm sure you're also helping out yourself 
but still, thanks. I just hope some more members would join in to discuss this matter.
but still, thanks. I just hope some more members would join in to discuss this matter.
Aug 20, 2004 | 11:57 am
#7
Join Date: Apr 2002
Location: DCA/BWI/IAD; Washington, DC
Posts: 129
Try Yahoo Pay Direct with HSBC World card
If you have a yahoo account, you can sign up for Pay Direct and link your bank account to it. They will mail a World Card (with Cirrus ATM system) to your receipant overseas. It works like an ATM card but it's your account but not the receipant's. Also, you'll have to tell him/her the PIN on the phone.
You can look up ATM locations in that city/country and the fees are very minimal for less than $10. You can upload the money anytime and the other side can receive very soon too.
FFM
You can look up ATM locations in that city/country and the fees are very minimal for less than $10. You can upload the money anytime and the other side can receive very soon too.
FFM
Aug 20, 2004 | 3:46 pm
#8
Join Date: Jul 2004
Programs: SPG, HH, AA, DL, UA
Posts: 74
Been there too :-)
When I lived abroad and needed money withdrawn from my account to give to family members, I asked my european bank to give me duplicate ATM card ... I kept one and gave the second one to my mom.
She got her own PIN and was able to make all the withdrawals she needed, up to 4oo USD per day.
Cheers.
Rob
She got her own PIN and was able to make all the withdrawals she needed, up to 4oo USD per day.
Cheers.
Rob
Aug 21, 2004 | 3:41 am
#9
Join Date: Apr 2001
Posts: 1,270
FYI on Ikobo
The good news: all money transfers are posted as purchases. The limits can easily be changed. They claim not to add any % to visa's 1% fee.
The bad news: their fee is 4%. This is a little too high for me. If it was 2% or even 3% I would probably use it, but not for 4%.
The good news: all money transfers are posted as purchases. The limits can easily be changed. They claim not to add any % to visa's 1% fee.
The bad news: their fee is 4%. This is a little too high for me. If it was 2% or even 3% I would probably use it, but not for 4%.