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2. Remittance - Wikipedia

   en.wikipedia.org/wiki/Remittance

   A substantial share of remittance ends up in the hands of banks and money-transfer companies due to fees imposed on money transfers. [ 1 ] Scholars have linked remittance flows to improved health and education incomes in low-income countries, as the money provides access to food, medicine, health treatments, and education.

3. Money transfer - Wikipedia

   en.wikipedia.org/wiki/Money_transfer

   Money transfer generally refers to one of the following cashless modes of payment or payment systems: Electronic funds transfer , an umbrella term mostly used for bank card-based payments Giro (banking) , also known as direct deposit

4. Wire transfer - Wikipedia

   en.wikipedia.org/wiki/Wire_transfer

   This is the system used to transfer money from a bank account to another party. It is also the system used in some payments made via a bank's online bill payment service. These transfers are made using a bank routing number and the account number at that institution. EFTS transfers differ from wire transfers in important legal ways.

5. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   In the EU, interchange fees are capped to 0.3% of the transaction for credit cards and to 0.2% for debit cards, while there is no cap for corporate cards. [3] In the US, card issuers now make over $30 billion annually from interchange fees. Interchange fees collected by Visa [4] and MasterCard [5] totaled $26 billion in 2004. In 2005 the number ...

6. ATM usage fees - Wikipedia

   en.wikipedia.org/wiki/ATM_usage_fees

   ATM fees now commonly reach $3.00, and can be as high as $6.00, [10] or even higher in cash-intensive places like bars and casinos, in cases where fees are paid both to the bank (for using a "foreign" ATM) and the ATM owner (the so-called "surcharge") total withdrawal fees could potentially reach $11.

7. Bangko Sentral ng Pilipinas - Wikipedia

   en.wikipedia.org/wiki/Bangko_Sentral_ng_Pilipinas

   ' Central Bank of the Philippines '; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 [ 2 ] as amended by Republic Act 11211 or the New ...