Megafon Money Review: Fees, Transfer Conditions, and More

Name: My Experience with Megafon Money: Breaking Down Fees and Transfer Conditions
Item: MegaFon Money
Rating: 3
Author: NatalieCoop

My Experience with Megafon Money: Breaking Down Fees and Transfer Conditions

summarizeEditor's Summary

I've been using Megafon Money for a while now, and it's been a mixed bag. The service is pretty convenient, but the fees can add up quickly. I'll break down the fees and transfer conditions so you know what to expect. With a mix of convenience and costs, Megafon Money is worth considering for your financial needs. Just be aware of the potential drawbacks and take advantage of the features that work best for you. It's a decent option for those looking for a simple way to manage their finances, but you gotta weigh the pros and cons before committing.

settingsSpecifications

Fiyat7/10

Kararİyi

HizmetKalite9/10

KullanıcıDostu9/10

Hello, everyone!

I've been using Megafon Money to make payments and transfers, and I've gotta say, it's been a wild ride.

First things first, I headed to my personal Irecommend page and clicked on the "My Money" button.

Withdrawing funds from IrecommendFrom there, I found the "Withdraw Money" button and filled in the necessary info.

Now, let's talk about the good stuff – using Megafon Money to make payments and transfers.

First, I logged in to my Megafon Money account. If you don't have one, you'll need to register on this financial services portal.

Once I was logged in, I was taken to a new page with a ton of features.

Logging in to Megafon MoneyI was able to pay for services, transfer money, and even top up my account – all from the comfort of my own home.

Confirming loginOne of the features I appreciate is the ability to transfer money to another person. All I need to know is their phone number, and I'm good to go.

Transferring money to another phoneIt's worth noting that if you've previously linked your bank card to your phone number, it will also be displayed on this page. You can link multiple cards and use them for payments or transfers here.

Transferring to another phoneI've found it super convenient to use either my personal account or a card linked to my number to initiate a transfer. The transfer fee is 1.99%.

From my account, I can withdraw funds to either my mobile operator's card or a card from another bank.

To do this, I headed to my page and clicked on 'Transfer money'.

Ways to transfer moneyI've got a few options to choose from.

Card transfer.

I selected the relevant option and clicked on the checkbox afterwards.

On the resulting page, I filled in the recipient's card number and the amount. Then, I clicked on the 'Transfer' button.

Card transferI received an SMS on my phone with a confirmation code. After entering it on the website, the transfer was processed.

On the Megafon Money website, I can also initiate a transfer via SMS.

Transfer via SMSBy sending a message to the short number 8900, filling in the text according to a specific template. Enter the word CARD, followed by a space, then the 16-digit bank card number, and another space, and finally the desired transfer amount.

and to a bank account.

Bank Account TransferI've found the transaction history to be really useful, it's all reflected on the account page.

Transaction History and Payment TemplatesPersonally, I opted for a virtual SIM card. It's super easy to set up in your personal account, no need to leave the house.

To do this, just head to the 'Digital Card' section.

My Megafon User PageI chose my tariff plan.

Digital Card Tariff PlansNext, I confirmed my agreement with the user agreement terms by clicking the 'Issue Card' button.

And that's it, the card is activated. It's valid for 3 years.

The card has standard details:

16-digit card number;expiration date (month-year);security code CVC2;PIN code.The balance is topped up via your mobile phone bill. There's a 1% fee for transfers. Keep in mind that you can only link one virtual card to your personal account.

What are the fees and conditions for transferring money?

Transfer Fee to Other Phones

Transfer Fee to Another Bank Card

The transfer fee to any other bank card is 1.99%. It's easy to calculate that a transfer fee for 10,000 rubles would be 199 rubles.Card setup for most tariff users is free. For some, it costs between 99 and 249 rubles.No transfer fee is charged for cashless payments for goods and services.The transfer fee for withdrawing cash from ATMs is between 2.5% and 3.5% depending on the amount.Top-up of electronic wallets is 8%.SMS notifications are free.You can also use third-party resources to make the transfer.

You can withdraw funds from your account to a bank card using electronic wallets. In this case, the transfer fee charged by the system to transfer to a wallet account is 8-8.5%, and you will also pay an additional 2-2.5% to transfer from the wallet to the card account.

Conditions for transferring to bank cards.

Transfers are made to payment system cards.The time period for receiving the funds can be from a few minutes to 5 working days. If this is your first transfer, expect the maximum timeframe.The limits for a single transfer are between 50 and 13,730 rubles.The maximum transfer amount is 40,000 rubles per day and 40,000 rubles per month.The transfer fees depend on the transfer amount:

7.35% + 95 rubles (transfer of 50-4,999 rubles)7.35% + 259 rubles (transfer of 5,000-15,000 rubles)I've covered all the details about this website. Now, let's summarize and make some conclusions.

The standout features for me were the fast transfer of funds, the option to use my card, and the convenience of transferring funds. I also appreciated the ease of paying for services and the user-friendly interface.

However, I was surprised by the extra fee for using cards, and the big commission for transactions was a real bummer.

So, the question remains: will I be using Megafon Money? The answer is still up in the air. On the one hand, it's great to have a user-friendly interface and fast withdrawals from IRecommend; on the other hand, those high commission rates are a major turn-off. Ultimately, it's up to you to decide whether or not to use this service – it's all about what works best for you.

Take care, and stay healthy!

live_helpFeatured FAQ

What are the fees associated with using Megafon Money?

Megafon Money charges a range of fees for different services, including transaction fees, card usage fees, and withdrawal fees. These fees can add up quickly, so make sure to review the pricing before using the service.

How do I transfer money using Megafon Money?

To transfer money using Megafon Money, simply log in to your account, select the 'Transfer Money' option, and follow the prompts to enter the recipient's details and the amount you want to send.

Can I use Megafon Money to pay bills and services?

Yes, Megafon Money allows you to pay bills and services directly from your account. Simply log in to your account, select the 'Pay Bills' option, and follow the prompts to enter the biller's details and the amount you want to pay.

What happens if I lose my card or have it stolen?

If you lose your card or have it stolen, contact Megafon Money's customer support immediately to report the issue. They will help you to cancel the card and issue a replacement.

Can I track my transactions and account activity?

Yes, Megafon Money provides a transaction history and account activity log, allowing you to track your transactions and keep an eye on your account balance.

What are the security measures in place to protect my account?

Megafon Money has robust security measures in place to protect your account, including encryption, two-factor authentication, and regular security updates.

Can I use Megafon Money internationally?

Yes, Megafon Money allows you to transfer money internationally to over 200 countries. However, fees and exchange rates may apply, so make sure to review the pricing before using the service.

How do I contact Megafon Money's customer support?

You can contact Megafon Money's customer support by phone, email, or live chat. They are available to help with any questions or issues you may have.

check_circlePros

•Easy to use interface that makes payments and transfers a breeze
•Supports multiple payment methods, including card usage
•Convenient for topping up your account and paying services
•Variety of transfer options available, including different currencies
•Fast and secure transactions
•Customer support is available to help with any issues
•User-friendly interface makes it easy to navigate
•Multiple account management options available

cancelCons

•Fees can be steep, especially for certain types of transactions
•Additional charges apply for card usage
•Transfer conditions can be confusing, so make sure to read the fine print
•Customer support can be slow to respond to queries
•Limited options for managing your account and tracking transactions
•Fees for withdrawing funds can be high
•Some users have reported issues with account freezes
•Fees for international transfers can be pricey

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