Today the new generations which are earning their hard wages are the premium users of Direct Transfer of funds. They like to transfer their funds by just clicking the mouse of their computers, they are the ones who don’t go face to face with any bank representative but get all the transactions done by sitting in cafeteria or in their drawing rooms. These are the companies which are using Internet as their tool to revolutionize the concept of online banking.
Now these concepts of online banking have minimized the chances of visiting banks for any transactions no need of checks and no need of drafts simple click and churn make these hectic jobs easier. Today we want simplicity and efficiency in our financial transactions and this is what is being provided b y this online transfer companies and banks. The best way for Direct Transfer is providing a prepaid Debit card to the concerned person whom we are sending the funds. Once the funds are transferred then a Pin is provided to him to authenticate the use of the card, this is a cultivating method between technology and banking techniques. Once the debit card is owned by the concerned person he can withdraw the same from any of the ATMs as well he can use the card as many times he want to withdraw the money thus this makes the transfer so easy and simple matter of few minutes.
Apart from these options there are certain web sites which offer Direct Transfer on their email ids which are again linked to their bank accounts, such companies charge nominal fees as transaction charges some of the companies can be listed as PayPal, Amazon, Obopay, MoneyGram, Xoom etc. so whenever you want to transfer money online always go through the security options and the company features as well the transaction charges because for faster transfer of money there are more charges and vice versa. The payment deposited via internet fund transfer can be deposited directly in bank or in your Debit or Credit card or else you can also use that for shopping on the internet.