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I assume that you are ready to send money overseas and are here to know what exactly is a cash-pick up facility! Well, a cash pickup option is a convenient way in which the recipient of an international money transfer can collect their funds in cash from a physical location. It is very useful for the recipients who are quite unfamiliar with the bank procedures, they can simply collect the cash from a location. Thus, the money is being sent to a partnered outlet of the money transfer operator rather than having them deposited electronically into a bank account.
Cash pickup is actually a receiving method not a sending method in an overseas money transfer. It's always the recipient of the money that handles the cash, whereas the sender can choose from different options. The sender can send money through: Debit Cards Credit Cards Cash, making it Cash-to-Cash money transfers ● ● ●
Once the transaction is successfully completed, the sender will receive a unique reference number with the receipt. This reference number is very important that needs to be noted down. It is to be produced at the pickup counter. The recipient is required to show the reference number alongside a valid government-issued identification document with a photograph like a drivers license or passport.
Cash pick up facility is generally faster than bank deposits, once the money is fully processed the sender receives a notification informing that the money is ready for collection. This stage can be followed by the sender having an internal conversation with the recipient and the recipient comes to collect the money.
Overseas money transfers can also be conducted with the best online money transfer in Australia. The receiving methods depend upon the convenience and comfortability of the recipient, if he/she is opting to get money in cash, not in the bank account, your choice should be cash pick up.
