Twitter based money transfer facility by ICICI bank

January 20, 2015

ICICI Bank, India’s largest private bank, has launched its twitter based banking services. It will enable customers to transfer money through the micro-blogging Web site. This facility also enables customers to view their account balance, view the recent transactions and recharge mobile pre-paid through Twitter. To avail twitter based money transfer facility Savings account holders are required to register their Twitter account with a onetime password and link their account number.

icici twitter

About ICICI Twitter based money transfer facility

• User can subscribe by following the bank’s Twitter handle and register for the facility.
• Both the recipient and sender need to have a Twitter account. The sender should to know the beneficiary’s Twitter handle.
• A system generated SMS with a unique code will be sent to the sender after the transfer. The transaction will be completed only after entering the above number by the beneficiary.
• Beneficiaries who have account with another bank will have to put in that bank’s IFSC code to receive the payment.

Limits for Twitter based money transfer

• Customers can send up to Rs 5,000 per transaction with a limit of Rs 10,000 per day.
• No charges applicable for such money transfer. However customers are required to pay NEFT/RTGS transaction fee.
ICICI Bank claimed it is the first in Asia and only second in the world to offer a Twitter based money transfer service. A year ago it launched facility to transfer funds through the Facebook.

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