ECash Direct NETeller Deposit
- What is NETeller?
- Registering a NETeller Account
- Depositing with NETeller into ECash Direct
- Deposit and Withdrawal Policies
- Transaction Reporting
- International
- How do I perform a NETeller deposit if the currency of my NETeller account is different from my ECash account?
- How do I use the no fee instaCASH offered through ECash?
What is NETeller?
NETeller is an online money transfer service. Opening a NETeller account is like using an online wallet. You can deposit and withdraw funds to your ECash Direct account over the Internet. Transfers are quick and easy and all financial information is confidential to NETeller! Also, there are a variety of deposit and withdrawal methods.
ECash Direct is pleased to offer you two methods of depositing to your ECash Direct account using NETeller:
- Regular NETeller: using funds already available in your NETeller account
- NETeller instaCASH: using funds instantly available in your NETeller account
By choosing NETeller instaCASH, ECash Direct will cover the instaCASH fees on your behalf! That's right, we'll pay the fees you would normally pay NETeller to ensure your funds are instantly available. As always, there are no fees on regular NETeller deposits to your ECash Direct account.
Registering a NETeller AccountIf you do not have a NETeller Account, visit www.neteller.com and click "Sign up now for your FREE NETeller Account!". Follow the on-screen instructions. Follow the on-screen instructions.
Once you have created your account, log into NETeller and choose one of the following options to deposit funds to your NETeller account:
Electronic Funds Transfer can be used to move funds directly from your bank account into your NETeller Account. Register and verify a U.S. bank account with NETeller in order to make this type of deposit. EFT deposits usually take 2 - 4 business days to enter your NETeller Account.
Bank Deposits can be made through any Bank of America or Citibank branch.
Credit Card deposits can be made directly from within the NETeller site. A processing fee will be deducted from the amount you request.
InstaCash is available with NETeller once an account has been created and verified bank account is provided. InstaCash has many similar deposit options as NETeller. InstaCASH allows you to transfer funds from your bank account when required.
Depositing with NETeller into ECash DirectOnce you have a NETeller account containing funds:
- Visit the ECash Direct screen in your online merchant and click Deposit.
- Choose NETeller.
- Select NETeller deposit or NETeller instaCASH.
- Enter the amount you would like to transfer from your NETeller account to your ECash Direct account.
- Enter your NETeller Account and Secure ID (and Bank Account # if you have selected instaCASH).
- Click Proceed.
- Review your transaction and click Confirm.
Approved funds will immediately be credited to your ECash Direct account for immediate use.
*note: only one NETeller account is available per ECash Direct account.
Deposit and Withdrawal PoliciesCurrent deposit limits are displayed within the Transaction Terms Summary on the ECash Direct deposit pages. There is a maximum to how much you can deposit and withdraw per transaction - NETeller determines the maximum per transaction limit and ECash Direct determines the maximum funds available for withdrawal. Contact us for more information. The Transaction Terms Summary will contain the most current information. You must have successfully made a deposit to your ECash Direct account using NETeller before you can withdraw using NETeller. The NETeller account used to make the deposit will be used in processing withdrawals. If you've previously deposited funds to your ECash Direct account by credit card and/or NETeller, your withdrawal will be applied to your credit card first - up to your original credit card purchase amounts, and then to your NETeller account. Withdrawals via NETeller are permitted beyond original NETeller deposit amounts. Your NETeller Secure ID may be required in order to authenticate the transaction from ECash Direct to NETeller. Certain information may be required in order to secure the transactions.
It is important to keep a record of all of your NETeller transactions with your ECash account. To help you maintain these records you should be aware that your NETeller deposits and withdrawals are recorded and reported on your ECash Direct statement.
NETeller deposit transactions are displayed on your ECash Direct statement as NTD for deposits, and NTW for withdrawals.
InternationalNETeller is available to people worldwide. ECash Direct accepts all NETeller accounts at this time.
How do I perform a NETeller deposit if the currency of my NETeller account is different from my ECash account?
- Decide on the amount you wish to deposit in the currency of your NETeller account and convert that amount into the currency of your ECash account(1).
- Enter the amount you wish to deposit in the currency of your ECash account (not your NETeller account currency) and click Proceed.
- Provide us with your NETeller account information and confirm your request.
- ECash will forward your request to NETeller for processing and NETeller will perform any currency conversion required.
- Upon successful confirmation from NETeller:
- ECash will credit your ECash account the amount you requested in Step 2; and
- NETeller will debit your NETeller account the converted amount as per NETeller's currency conversion in Step 4.
(1) Currency conversion factors can be obtained through your NETeller account or by simply contacting NETeller.
Let us illustrate with a simple example.
Example #1:
You are a NETeller EUR account holder and want to make a 100.00 EUR deposit to your USD ECash account.
- You have estimated that a 100.00 EUR deposit is approximate 120.00 USD (example only).
- Enter 120.00 USD as the USD amount you wish to deposit on the NETeller deposit page in the Cashier and click Proceed.
- Provide us with your NETeller account information and confirm your request.
- ECash will forward your 120.00 USD request to NETeller for processing and NETeller will perform any currency conversion required.
- Upon successful confirmation from NETeller:
- ECash will credit your ECash account the 120.00 USD you requested in Step 2; and
- NETeller will debit your NETeller account the converted amount as per NETeller's currency conversion in Step 4 (should be 100.00 EUR).
How do I use the no fee instaCASH offered through ECash?
In order for us to pay the instaCASH fee on your behalf, you must initiate the instaCASH transaction in the Cashier. To do this:
- Simply select NETeller instaCASH in the Deposit Information section of the deposit page and enter the amount you wish to deposit and click Proceed. If your deposit amount exceeds your NETeller account balance, all or part of the money owing will be withdrawn from your bank account through InstaCASH. If funds are withdrawn from your bank account, the minimum amount transferred will be 10.00 USD.
- Provide us with your NETeller account information and confirm your request.
Please note that if you perform the instaCASH transaction in your NETeller account, these funds will be treated as "Funds already available in your NETeller account", and we will be unable to pay the instaCASH fee.