MoneyGram teams up with Visa to offer zero fees for money sent to ComBank Visa Debit Cards

Friday, 7 May 2021 00:00 - - {{hitsCtrl.values.hits}}

Commercial Bank customers receiving money from the USA via the MoneyGram money transfer service to their bank-issued Visa Debit Cards will not be charged a fee for the next three months as a result of a promotion campaign involving the three companies.

Under this joint promotion, MoneyGram will waive the remittance fee for senders from the US sending money to Commercial Bank Visa Debit cardholders. Eligible transactions will be those that are routed through the ‘Visa Direct’ programme that allows safe, convenient, and real-time funds delivery directly to financial accounts using card credentials.

With this promotion in place, Commercial Bank’s Visa Debit cardholders will be able to enjoy faster receipt of their money through the secure network of Visa Direct that ensures robust risk and fraud management, in addition to the $0 fee offer, the bank said.

Recognised throughout the world as a leading money transfer company, MoneyGram’s major products and services include global money transfers, money orders and payment processing solutions for financial institutions and retail customers.