Hi all i created an account @ moneybookers on 25th of December.I added my bank account ,my home address e.t.c. Later i requested in my account to verify via address verification.It was on 30th December.Still i have not received a letter containing a pin code at my postbox although the address added to MB account is 100% correct. Secondly i want to ask a few questions Q1 : "if the letter doesn't arrive @ my mail and i have some amount xxx$ in my MB account and i want to withdraw the amount to my bank account will it require my bank verification?" Q2: "And if the letter arrives and my MB account address gets verified and i withdraw xxx$ to my bank account will it still require bank verification." Meaning does withdrawing to bank account from MB ACCOUNT requires bank verification regardless of whether my address is verified or Not Q4: For bank verification they say So how does bank verification WORKS?.I do not want to upload funds i just want to with draw to my local bank account. thanks in advance for all your help P.S please answer all the questions in the order above thankyou
First of all if you address is not verified via pin code in 5 working days then you just mail moneybookers support and they will ask you to scan and submit your documents to verify your address. After verifying, you can just enter you bank account number along with it's swift code and withdraw your money. First withdrawal to Pakistani banks usually take upto 10-30 days so you don't have to worry about it. 1) As far as i know you can't withdraw your money until unless your address is completely verified 2 and 3) Bank verification is nothing but just to enter your right swift code and account number so when your address is verified just withdraw your money. 4) Bank verification is usually for uploading funds from your bank account to moneybookers account and not for withdrawing money from your mb to bank account so just leave that thing if you don't want to upload funds. I hope it's clear now Thanks PHYza
I think it's not a moneybookers problems, but an address problem. It'll depend where you live also and the modality of your country postal services. I received the verification letter and withdraw money to my bank account. You can't withdraw more than $15 if your address is not verified.
I'm using MoneyBookers quick checkout on my website, not very long and didn't withdraw money yet - at the moment all looks good, just the set up process was slow - around a month to get everything set up and verified - luckily I wasn't on hurry I got the feeling that they checking everything before letting you accept the payments. I didn't had a return address on the website and they asked me nicely to add it.
The letter usually take 15- 20 days to arrive if u are not in the States. As far I know the address verification wont help u withdrawing money to ur bank account. U will have to deposit any amount from ur given bank account to MBs bank account to verify ur bank account and be able to withdraw money to ur bank account. I had to do it. It can depend on ur country though.
I also had problem with moneybookers. I can't withdraw the money from my moneybookers account until I upload funds from my bank account to my moneybookers account. Isn't that weird?
That's 2-5 working days and if not then you have to submit your documentations requested by moneybookers staff. Thanks PHYza
1st step is get your account verified. That is, verify your address when they send the pin. 2nd step is verify your bank account. After adding swift code and bank account number they will send you money with a pin. They will sooner or later lock your account. And you will need to send them the code or they will ask you to produce a copy (scan) of your ID + the bank statement when you received money from MB. They will require your name, address to appear on the bank statement. Once all this done, they will also need to know why you have the MB account and from what source you're getting money. After all these steps completed, you're a verified user and will never face problems with them. On top, your account limit is increased 10 times to around $26k for 3 months' transactions. Kind regards, Yogesh
Where are you from? If you're not from USA or EU, I think you don't need verify your bank account. They wire money to your bank! I think about 1 - 2 week! they send you the letter via Royal Mail
thanks Yogesh but what do u mean by "your account limit is increased 10 times to around $26k for 3 months' transactions" kindly explain