The Ikobo service is free to join and quite simple to use. Once joining, you tell Ikobo who to send the money to and how much. They'll then ship your recipient a reloadable iKobo Visa® Prepaid Card. Fees do apply when sending the Ikobo Visa Prepaid Card.

Because the Ikobo prepaid card is linked to the Visa, Recipients can get cash from over 1,000,000 ATMs worldwide
and use their card wherever Visa debit cards are accepted!

There is an initial card application fee varies due to the price of the delivery fee. For customers within Us and Canada it's only $1.95 US for international customers it's $11.95 US. I wasn't able to find any information regarding fees to loading funds onto the card but there is a monthly management fee of $0.99.

Ikobo cards.
Withdrawing money from an ATM costs $1.99 a transaction worldwide. A charge of $0.99 for declined ATM fee. ATM Inquiry is free.

Checking your balance can also incur fees. If you do it over the internet, it's free. But checking by SMS costs 20 cents and using an ATM to check how much money is on your card will reduce its balance by $1. Cardholders are also charged a $3.75 fee for loading the card with funds.

Unsure if the card can be used for Internet gambling and Adult Entertainment sites.

Loading funds on the Ikobo prepaid cards.
You can use a Visa or MasterCard Debit /Credit card to send money for the first time. You can also use your U.S. Bank account or Checkfree to send money after you have made at least one successful transfer using your credit card. Unfortunately the Ikobo service does not allow you to fund your account via Paypal.com or E-gold.com

Ideal use for Ikobo Visa Prepaid Cards
The Ikobo service is great for overseas students and family members working oversea, as the transfer fees are substantially lower than that of banks and the popular Western Union money transfer service. Due to the large amounts of money Ikobo allows it members to send, it definitely If sending large amounts of money overseas per month is something

Schedule Fee Structure - Ikobo

* for an updated fees please check the Ikobo website. Fees are in US dollars

CARD APPLICATION & REPLACEMENT FEES
Card Application Fee Card Purchase Cost. Price varies on where you want the Card to be sent.	$11.95: worldwide $1.95: US & Canada
Fee to Send Money
fees vary on the recipients location.	Amount / Fees $100 / $8 $250 / $12.50 $500 / $20.00 $750 / $27.70 $1000 / $35.00
Lost/Stolen Replacement Fee	?
FUNDS CREDIT
Loading Fee (per funds credit)	-
ONLINE FEES
Available Balance Inquiry	No charge
Online Inquiry	No charge
Balance Inquiry by SMS
TELEPHONE SUPPORT
Automated Telephone Inquiry via IVR number	-
Live Customer Service Rep	-
ATM FEES
ATM transaction fee (Australia)	free?
ATM transaction fee (International)	free?
ATM withdrawal fee	$1.99
Declined ATM withdrawal fee	$0.99
ATM balance inquiry fee	$0.75
STATEMENT FEES
Electronic statements (per statement issued)	-
Paper statements (per statement issued)	-
MONTHLY MANAGEMENT FEE
Charged Monthly	$0.99
OTHER FEES
Declined EFTPOS	-
Web Purchase	-
Web Denial	-
Forgotten PIN COde	-

 

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