What role does UTI Bank play in moneyWIRE?
UTI Bank is the banking backbone for moneyWIRE and undertakes the money transfer activity for transactions. In short, the money you send is managed entirely by UTI Bank – from clearing Checks, receiving wire transfers, converting funds to Indian Rupees to issuing a Demand Draft in favor of your beneficiary or directly depositing money into your Receiver’s account. moneyWIRE provides the technology, operations and the service platform.
