Money Transfer Services In Uganda
Money Transfer Services means the Transfer Send, Transfer Receive, stored value card and any other electronic transfer of money transactional services offered by MoneyGram under the trade name or service mark MoneyGram or any other name, trade name or service mark MoneyGram may designate.
Money Transfer Services In Uganda
When you need to send money abroad, one of the first things you are likely to look for is the best possible exchange rate. While most high-street banks can provide a transfer service, a currency specialist can usually offer a more competitive exchange rate. A transfer is usually initiated from one bank or financial institution to another. Rather than cash, the participating institutions share information about the recipient, the bank receiving account number, and the amount transferred. The sender pays for the transaction upfront at their bank.
The three different methods by which money can be transferred online are mentioned below: Immediate Payment Service (IMPS) National Electronic Funds Transfer (NEFT) Real-Time Gross Settlement (RTGS). Revenue for international money transfer companies is divided into two parts: a transaction fee and the foreign exchange (“FX”) spread charged to the consumer. The good news is, if someone only has your bank account number, that won’t give them enough intel to do any damage. Take comfort in knowing that no one will be able to withdraw money in your account if all they have is your account number.
Essentially, a money transfer or money service or remittance business involves offering a service to collect money from the sender and deliver it to the beneficiary. This can be a local service within the same country or a cross-border/international service between two or more countries. Online money transfer is where the old-fashioned concept of wiring money converges with the modern technology of electronic funds transfer, or EFT. You probably use EFT all the time it’s simply a completely electronic way of transferring money from one bank account to another bank account.
Best Apps For Money Transfer Services In Uganda
Best between friends: Venmo.
Best for bank-to-bank transfers: Zelle.
Best for flexible payments: PayPal.
Best for budding investors: CashApp.
Best for sending money internationally: Remitly.
List Of Money Transfer Services In Uganda
Below Are The Partial List Of Money Transfer Services In Uganda
UNIMONI EXCHANGE SERVICES LTD
Plot No 29/33, Amber House, Kampala Road, Kampala Amber House, Uganda
+256 39 2265923
Dahabshiil Money Transfer Services (U) Limited
Kampala Road, Kampala, Uganda
+256 41 4340556
Sundus Exchange & Money Transfer
8H8G+FG7, Kampala Road, Kampala, Uganda
MoneyGram
The Arcade, Kiyembe Lane, Kampala, Uganda
+256 31 4387337
DON FOREX BUREAU
KATATUMBA PLOT 142 GGABA ROAD SOUTH POINT MALL PLOT1182 GGABA ROAD, Kampala, Uganda
+256 39 3405052
Norfrax Forex Bureau
Departure Lounge 1st Flor Passenger Terminal Building Entebbe international Airport Nateete Branch, Kajjansi branch, Kampala, Uganda
+256 775 151853
Pay Uganda Ltd
Plot 17, 19 Kampala Road, Kampala, Uganda
+256 41 4233985