Those days are soon going to be a part of history when inter-country money transfer used to consume much of your time. You could have saved the time and invested it in some productive purposes. Not only this conventional process is slow but it is not secured too. Adding to these disadvantages are the anxiety and worries of the senders and receivers until everything is settled.
This pitfall was not restricted to only a single economic zone but was a familiarity on the whole global front. Take the case of India. Even a few decades ago, it was more than the wildest idea to transfer money instantly. The NRIs found it very difficult to safely transfer money from abroad to India. A better alternative money transaction was top on every bank account holder. Wish got the touch of reality with introduction of Money2India online banking.
Growth of Indian economy and spreading concept of globalization have paved the way for the success of online banking. The multinational banks denied to be only a mere witness to this accelerated growth but wanted to be very much a part and parcel of it. With every passing day, more and more of them came to India to open their branches and offer online banking facility. These entities – being quite savvy with the advantages of internet – built up their website which are the base for banking via online. Another best about these websites is any changes or new offers are always on instant display within hours of announcement and reach to wider section of people both in and out of the online banking circle.
Money transfer via online can also be made from bonds, stocks, mutual funds and equity trading. Nowadays, almost every big financial player is easing money transfer facility through their offer of online banking. You just need to set up a bank account with a particular bank. You can send money to any place located on domestic front or international domain provided the bank has the franchises in the same locations.