Monday, May 23, 2011

How to withdraw funds/money from Alertpay to a bank account in India

I have been searching for this solution for a long time. At last got this solution. This post explains about withdrawing funds from Alertpay through Bank Wire.
Withdraw through Bank Wire to a Bank Account in India.
A bank wire withdrawal is one of the methods of transferring your Alertpay funds to your bank.
Withdrawals by bank wire are processed within 3 - 6 business days (excluding weekends) of the request and are offered in the following currencies:•  US Dollars ($)•  Euro (€)•  GBP (£)Pleas
First your must first set up your bank account on AlertPay to perform transaction.
If you have not yet added your bank account, here are the steps:
1. Login to your AlertPay account.
2. Click on “Profile”.
3. Under “Financial”, click on “Bank Accounts”.
4. Select the country where your bank account is located and click on “Next”.
5. Select Bank Wire and click on “Next”.
6. Choose currency, enter bank details and click on “Next”.
7. Review details, accept any authorization requests and confirm

If you have already added your bank account for bank wire withdrawals, follow these steps to withdraw your funds:
1. Login to your AlertPay account.
2. Click on “Withdraw”.
3. Under “Electronic Funds”, select “Bank Wire”.
4. Enter amount to withdraw, transaction details and click on “Next”.
5. Review details and confirm.
I tried Bank Wire withdrawal to withdraw $59.87 USD to my bank account (ICICI Bank) in India. Alertpay deducted (charged) $15 (Fifteen dollars) as FEE for this transaction and deposited $44.87. But my local bank ICICI also charged me $5, then deposited the remaining $39.87 i.e. INR1,736.65 ($39.87) in my account. So, withdrawing Alertpay funds to a bank account in India is a very costly process. You should be ready to lose $20 of your withdrawal amount. e.g. If you request for a withdrawal of $100, you will get $80, after all these deductions. It took 6days to complete the whole process. I have requested withdrawal on 15th May, got paid on 20th May.
Hope this will help people who are searching for the details. Thanks for reading my post. please do share your experience in comments section, so that, it will be more helpful to my blog readers.

8 comments:

  1. what is your opinion about TextAdBrokers.com. In google it is showing as SCAM site? is it genuine or scam?

    ReplyDelete
  2. do u use ICICINBBNRI AS swift code??

    ReplyDelete
  3. do u use ICICINBBNRI AS swift code??

    how you add your ICICI BANK IN ALERTPAY PLS SHARE IN DETAILS WITH PICTURE PLEASE

    ReplyDelete
  4. Hi Annonymou
    I have used MICR Code as Swift code.
    You can check the below link about ICICI Bank IFSC code and MICR code of different branches in a pdf format.
    http://www.icicibank.com/Personal-Banking/onlineservice/online-services/FundsTransfer/ifsc-code.pdf
    I will post details on "How to add ICICI Bank to Alertpay" very soon! subscribe/follow this blog, so that you will get information instantly. thanks for reading my post.

    ReplyDelete
  5. No no my question is that
    I add my icici bank like this

    currency - usd
    name - my alertpay name
    bank account - personal savings
    a/c number - my icici bank a/c number
    bank code - leave blank
    bank branch- leave blank

    Swift bic -ICICINBBNRI

    BANK NAME - ICICI BANK LIMITED
    BANK PHONE NUMBER - ICICI BANK CUSTOMER CARE NUMBER
    BANK- CONTACT PPERSON- ICICI BANK


    is this correct ???
    I need urgent reply mate

    ReplyDelete
  6. And MICR CODE is different it cannot be swift code .

    ReplyDelete
  7. so where r u ??

    ReplyDelete
  8. sirijotha where are u ??

    ReplyDelete