Money bookers to bank transfer ( india ) ?

whats the procedure for transferring cash from Money bookers to bank account (india) ?

i tried to add bank account it asked SWIFT code but i found only few branches of my city has these codes

and the branch where my bank account is there is no swift code

do i need to create one more bank account in those branches to make transfer

any body know about this and fee to transfer to bank ?

thanks
chandan

 

Yes your branch must be able to accept international payments. So it needs to have Swift code. Otherwise you can't able to withdraw moneybookers funds. I was having a same problem when I got some moneybooker funds.

 

All of the branches must have swift code, contact your branch, if not they must have some main branch accepting transfers like these.

 

thanks bro

thanks buddy

but what about the fees ? i saw SBI lists 32$

after seeing that i feel paypal 50Rs fees is cheap

 

Which city you r from?? Just open an a/c with the Pvt. Sector banks. like HDFC or ICICI. or otherwise use SBI they have a wider network and low maintenance charges. I'm also using SBI for moneybookers and paypal. Hope this helps....

 

i am in bangalore i found swift codes are in not in my SBI bank branch but there are other 4-5 SBI branch names i found in that list.

have you transferred money from money bookers to sbi account ? whats the charge for it ?

btw if i withdraw to sbi from paypal how long it takes ? thanks for your time

 

let me help you

its not necessary that you branch should have a swift code apparently you can use the swift code of the branch or city near you

like if you are having a bank account in nagpur you can use swift code of mumbai as its the closest to that branch

moneybookers take 4-6 days for transfer and if your account is in Us $ you will get better exchange rate than paypal

i remember withdrawing money from mb it gave a exchange ratio of 1 usd = 39.37 and at the same day paypal gave me $38.09

unlike paypal they charge a flat fee on withdrawal i.e. $2.97

and if you are looking for your swift code of the branch check this thread, i also found out my hdfc bank swift code from this thread

http://forums.digitalpoint.com/showthread.php?t=290088

hope your doubts are clarified

 

thanks buddy you covered all most all thanks a lot but in sbi they are displaying 32$ fee whats that ?

 

i dont think so that there withdrawl fees is that high

contact there customer care they will give you better answer

they really help good

 

I know ICICI cuts INR 25 per withdrawal. Don't know about any other bank.

 

thanks kumar anyway i am trying to withdraw from sbi for paypal and will see thanks for your time