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Is there any difference between receiving funds on a Visa Debit Card and directly into a bank account?

No, both are the same. When you use Visa Fast Funds, the money is transferred into your bank account. Your ICICI Bank Visa Debit Card number only acts as an address to your bank account.

 

Using Visa Fast Funds offer additional benefits -

 

Faster - Receive money immediately any time – 24hours a day, 7 days a week

 

Simpler - Transaction only requires beneficiary's ICICI Bank Visa Debit Card number

 

Safer - No more hassles for Beneficiary to visit a location and carry / store cash at home

 

Convenient - Immediate SMS alert for Beneficiaries registered for mobile alerts

 

Transparent - Charges paid by Sender, no fees payable by Beneficiary

 

Better - It is the convenience of a normal bank credit, only faster. Use your ICICI Bank Visa Debit Card directly at a merchant POS or withdraw the money at the nearest ATM