II. VISA Money Transfer (VMT) Facility

Barclaycard and VISA brings to you Visa Money Transfer - a facility through which you can now transfer funds from your Visa Debit Card to your Barclaycard using your bank’s Net banking facility.

Key Benefits

  • Transfer funds from your bank account to your Barclaycard
  • Convenience at its best - No queuing up at Bank Branches and ATMs or waiting for your DD / Cheque to be credited to your bank account

Making your Barclaycard Payment is now a simple and convenient process!

Process for doing the transaction if you are registered for Third Party Funds Transfer on the Internet Banking of your Bank Account from where you want to make a payment:

  • Log on to Net Banking page of your Bank Account
  • Enter your Internet banking ID and Password
  • Go to Third Party Funds Transfer and select Visa Money Transfer
  • Enter Transfer details- Sender and Recipient Information. In the recipient information, enter your 16 digit Barclaycard Number
  • Confirm transaction
  • The Credit will reflect on your Barclaycard within 2 working days from the date of transfer.

Your account will be debited online, and the funds will be sent to the beneficiary Bank within 2 working days using the Visa system. The Beneficiary Bank will then transfer the funds to the beneficiary's card account.

 


FAQ on VMT Facility

VISA Money Transfer Facility Frequently Asked Questions

 

  

1. What is VISA Money Transfer?

VISA Money Transfer is a special service that allows you to transfer money online from your Visa Debit Card to your Barclaycard. VISA Money Transfer is a quick, simple and a convenient alternative to Demand Drafts, cheques or pay orders.

 

2. How do I use the VISA Money Transfer service?

VISA Money Transfer is an online service and requires an Internet Banking enabled account with a Visa Debit Card. To use the VISA Money Transfer service just log on to the Internet Banking of your Account Internet Banking Username and Password, provided by your Bank. You will need to go to the Visa Money Transfer section and enter your Barclaycard number as the destination Visa Card Number.

 

3. Does the VISA Money Transfer service require any registration?

If you have registered yourself for the Internet Banking service of your bank, then you do not need to do any additional registration. You need to check with your bank account for charges associated with Visa Money Transfer. You only need to register the Payee name and card number before transferring funds online.

 

4. What is the per day limit for VISA Money Transactions?

You need to get in touch with your Bank for the per day limit on Visa Money Transfer.

 

5. Can I modify or revoke a payment once it is initiated?

No. Any payment initiated on the current date, cannot be stopped. You cannot modify the amount or Payee name once you have made the payment.

 

6. What are the benefits of the VISA Money Transfer Service?

a. Convenience of transferring funds in the comfort of your home or office. b. Fast mode of transfer as funds get credited to your Barclaycard as quickly within 2 to 3 working days from date of transfer. The service is must faster than sending a Demand Draft, or Cheque and encashing the same.