When will funds be available to collect in Pakistan?
Usually within a few minutes. We may sometimes require further information from you before we can process the transfer in order to comply with our regulatory requirements. We will email you if this is the case.
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What currencies can I send for cash pickups in Pakistan?
Pakistani Rupee (PKR) only.
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How much can I send for cash pickups in Pakistan?
Maximum per transfer = PKR 500,000
There may be lower limits depending on the country where you are sending from and the payment method used to fund the transfer. Please see the relevant section in Payments for more info
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What information do I need from my recipient for sending #CashPickups to Pakistan?
Full name. Please enter your recipient’s full legal name. It must match their valid, government-issued photo ID for them to successfully collect their funds.
Address. We need your recipient’s city.
Mobile number. We use this to send an SMS notification to your recipient with the transaction reference number which they will need in order to collect the funds. We will also inform them when their funds are ready to be collected.
Sending reason. Please indicate whether it is “family or friend support,” “purchase of services,” “property payment,” or “sending fund to self”.
Email (optional). We use this to email your recipient with details of the transaction. This is particularly useful in case they have issues receiving the SMS notifications.
Please ensure that all your recipient’s details are correct. Once you make your transaction, it is difficult for us to amend or stop the transfer, although we will always try our best to do so.
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What should my recipient show when collecting funds in Pakistan?
Allied Bank, Bank Al Habib, Bank of Punjab, MCB, #NationalBankofPakistan:
Valid photo ID. This must be one of the following:
Passport
Pakistani driver’s license
CNIC (NB: It is a Computerized National Identity Card issued by Pakistan’s National Database and Registration Authority)
Quote 11-digit transaction reference number which starts with “PAK”. We will notify you and your recipient by email and SMS when funds are ready to be collected and send the transaction reference number. Please have your recipient quote this when collecting the funds.
You might think that international money transfers are mainly handled by the person sending the money, but whether you’re an Aussie expat living abroad, a visitor calling Australia home for a while or a business owner receiving international payments, there are a few things you should keep in mind before collecting funds transferred from overseas.
In this guide, we’ll give you a general rundown of all the important things you need to know when receiving money from overseas.
What are the different ways to receive money from overseas?
Since you’re on the receiving end, the method of transferring money internationally and the choice of provider may be out of your hands. But even so, it’s useful to know a bit about the different ways of receiving money from overseas.
PayPal
Friends, family or even business associates can make payments into your PayPal account from theirs. It’s an easy, secure way to transfer money from person to person, and fees are based on a percentage of your transfer amount. PayPal is great for small transfers, up to about $200.
Just remember, for PayPal to be a viable option, both the sender and the receiver need to have an account.
IMT through your bank account
Your sender can use either their regular bank or an IMT specialist to transfer money overseas, but remember that you’ll need to nominate a bank account to receive the funds.
The better the deal your sender gets, the more money you’ll receive, so it’s worth doing some research so you get the most bang for your buck.
What affects how much money I receive?
Say your mother in New Zealand is sending NZ$5,000 to you in Australia. You eagerly await the payment to come through but when it does - what’s this? Only AU$4,515 is sitting in your bank account.
#MoneyMarkets
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