July 14, 2013 | Posted by: Moneymax | Lifestyle
July 14, 2013
Nowadays, one can use the SMART Money technology via either the SMART Mobile Phones or the SMART Money MasterCards. However, we must register for the SMART Money if we wish to enjoy the privileges provided by this nice piece of technology.
In order to avail of the SMART Money facilities, users need to register through the SMART Menu or SMS in order to sign-up for the SMART Money. At the same time, users also have to pay a visit to Smart Wireless Centre to apply for the SMART Money MasterCard. They must bring at least a valid ID to get approval for their applications.
There are 2 types of SMART Money MasterCards:
2. The Instant SMART Money MasterCards
You are eligible to apply for a SMART Money MasterCard if you can fulfil all the following conditions:
The SMART Money Card is opened for anyone who resides in The Philippines, regardless of citizenship. There are no financial documents required for the applications of the SMART Money.
However, there are two account numbers you need to bear in mind: the SMART Money account number and the 16-digit SMART Money MasterCard number which will be used for conducting money transactions.
With SMART Money, you can perform various money transactions by just a few clicks on your mobile phones. However, there’s no such thing as a free lunch. In exchange for the accessibility and flexibility, we have to pay the fees for every transaction. But don’t worry, as the fees and charges are reasonable and acceptable.
A fee of P2.50 will be charged upon the users for the following transactions:
One of the advantages the SMART Money has over a regular bank account is the zero annual fees. The maximum withdrawal amount per day is P20,000 while the purchase amount is up to P50,000 per day. On the other hand, the maximum amount that can be transferred per transaction is P10,000.
If you wish to know more about the services provided by the SMART Money using either a SMART Money MasterCard or a SMART mobile phone, don’t hesitate to click on this link: The Functions of the SMART Money Technology which will give you better insights on how the money transactions are carried out and the fees charged upon users for utilizing the facilities.