Visa Direct

Rawbank's Visa Direct Service: An Innovative and Practical Solution for Your Fund Transfers

Introduction to Visa Direct Service and its Relevance for Rawbank Customers in the Democratic Republic of Congo

Visa Direct service is an excellent option for Rawbank customers who want to send or receive money quickly, efficiently, and securely. Through this service, users can take advantage of several benefits by simply providing their name and Visa card number, thus avoiding repatriation fees and complications related to sending money to or from the Democratic Republic of Congo.

In the DRC, where the population speaks multiple languages, it is essential to offer accessible and practical financial services to facilitate national and international fund transfers.

Advantages of the Visa Direct Service for Rawbank Customers

The Visa Direct service offers numerous advantages for both senders and recipients when using the platform for their financial transactions. Here is a more in-depth analysis of the benefits enjoyed by Rawbank customers using Visa Direct:

1. Rapid Receipt of Money without Repatriation Fees
One of the main advantages of the Visa Direct service is the speed at which funds are transferred. Rawbank customers can receive money in their account linked to their Visa card without repatriation fees, meaning they can quickly access their funds. However, it should be noted that the Revenue Follow-up Change (RSC) required by the Central Bank of Congo (BCC) is applicable.

2. Simplified Communication through the PAN Number
Using the PAN (Personal Account Number) number for Visa Direct transactions greatly simplifies the communication process, both for the sender and the recipient. The PAN number, consisting of 16 digits, is easier to remember and share than traditional account numbers, which often include several series of numbers.

3. Peace of Mind for Senders
One of the most attractive aspects of the Visa Direct service is the peace of mind it offers senders. With Visa Direct, senders do not need to visit a branch to make fund transfers. Transactions can be carried out online, using a computer, smartphone, or an ATM compatible with the Visa Direct service.

4. Time Savings and Increased Security
Integrating Visa Direct platforms (ATMs, Internet Banking, Mobile Banking) into the daily routine of Rawbank customers allows for significant time savings and enhances security during financial transactions. Thanks to this service, users can send and receive money quickly and hassle-free, while benefiting from the security measures put in place by Visa and Rawbank to ensure the protection of clients' funds and personal data.

In conclusion, the Visa Direct service is a considerable asset for Rawbank customers, offering a fast, safe, and convenient solution for managing fund transfers. By leveraging these benefits, customers can optimize their banking experience and simplify their financial transactions, both nationally and internationally.

How to Use Visa Direct to Receive Money

Using the Visa Direct service to receive money is very simple and convenient, making transactions faster and more secure for Rawbank customers. Here is a more detailed development of the steps to follow to take advantage of this innovative service : 

Step 1: Communicate the PAN Number of Your Rawbank Visa Card to the Sender
The first step to receive money via Visa Direct is to share your PAN (Personal Account Number) of your Rawbank Visa card with the transfer sender. The PAN is the unique 16-digit number associated with your card, typically found on the front. By providing this number, you allow the sender to initiate the transfer process securely.

Step 2: The Sender Uses Their Bank's Platforms to Make the Transfer
Once the sender has your PAN number, they need to log into their own bank account, either online (via Internet Banking), using their mobile phone (via Mobile Banking), or using an ATM compatible. The banking platforms used by the sender must integrate the Visa Direct service. The sender then follows the instructions provided by their bank to initiate the transfer using your PAN number.

Step 3: The Sender Specifies the Amount They Wish to Transfer
During the transfer process, the sender is prompted to indicate the amount they wish to send you. It's important to remember that the amount must respect the transaction limits imposed by Visa Direct, namely a limit per transaction of 1,000 USD and other daily, weekly, and monthly limits.

Step 4: The Amount is Credited to the Beneficiary's Account Linked to Their Rawbank Visa Card
Once the sender completes the transfer operation, the amount is automatically credited to the bank account linked to your Rawbank Visa card. The time to receive funds may vary depending on banks, but it is usually fast and efficient, giving you almost instant access to your money.

In summary, the process of receiving money via Visa Direct is designed to be simple and convenient, allowing Rawbank customers to benefit from a fund transfer solution tailored to their needs. By following these steps, you ensure a fast, secure, and smooth transfer for all your national and international transactions.

How to Use Visa Direct to Send Money

Sending money via Visa Direct is a simple and secure process for Rawbank customers. Here is a more in-depth development of the steps to follow to take advantage of this convenient transfer method :

1. Limit per Transaction: 1,000 USD
The limit per transaction is set at 1,000 USD for all Visa Direct operations. This limit ensures that individual transfers do not exceed a certain amount, helping to minimize the risks of fraud or suspicious activity. Rawbank customers must ensure to respect this limit when sending or receiving funds with Visa Direct.

2. Limit per day: 2,500 USD
The daily limit allowed for Visa Direct transactions is 2,500 USD. This means you can make multiple transfers throughout the day, as long as the total sum does not exceed this limit. This daily cap helps control the amount of money transferred over a short period, offering better security for clients.

3. Limit per Week: 5,000 USD
In addition to daily limits, Visa Direct also imposes a weekly limit of 5,000 USD for all transactions. It is important to respect this weekly limit to avoid any blockages or problems with your Rawbank account and Visa Direct transactions. It also ensures that funds transfers remain within acceptable and manageable limits for customers and service providers.

4. Monthly Limit: $10,000 USD
Finally, the monthly limit for Visa Direct transactions is set at $10,000 USD. This monthly cap effectively manages fund transfers over an extended period, ensuring that Rawbank clients do not exceed a total transaction amount over a month.

By adhering to these transaction limits when using the Visa Direct service, Rawbank clients contribute to maintaining a secure and reliable environment for themselves and other users. These limits have been established to protect all parties involved in transactions and ensure a smooth, hassle-free fund transfer experience for everyone.

Visa Direct Service, a Major Asset for Rawbank Clients in the Democratic Republic of Congo

The Visa Direct service offered by Rawbank provides clients with an innovative and convenient solution for sending and receiving funds, both nationally and internationally. This service offers numerous advantages, including speed, simplicity, and peace of mind for both senders and recipients.

By offering this service to its clients in the Democratic Republic of Congo, Rawbank commits to making fund transfers more accessible and easier for everyone, regardless of their or language skills.