SERVICES
Salary Advance | Cheque Cashing | Membership | Currency Exchange | Money Transfer
Money World Ltd. will provide money for clients in advance of the time when their salary is due. You have to become a member of Money World Ltd. in order to obtain this benefit. To obtain funds in advance of salary, the client must have steady employment and he must sign a Letter Of Direction for that part of his next salary cheque to be assigned to Money World Ltd.. In addition to the Letter Of Direction , the client also has to complete a personal post dated cheque for the total repayment amount, plus 1st party cheque cashing fee, at the time of the salary advance.The charge for this service is 1 % per week or part thereof , plus 3.9 % of the advance, plus $12.95 per week service charge, if the loan is repaid in cash.The maximum amount advanced is 50 % of the client’s net salary to a maximum of $500.00.
Money World Ltd. will provide a service of cashing cheques for its members. The standard charge is 2.9 % of the face value of the cheque, plus a service charge of $4.99 for a 2nd party cheque. For a 1st party cheque, the cost is 7.9 % of the face value of the cheque, plus a service charge of $9.99. This service provides a convenient alternative to the Banks who are opened for limited hours and who are unwilling to cash cheques unless you have an account with them.
Any one who wishes to do business with Money World Ltd. must become a member of Money World Ltd.. Membership is for one year and has to be renewed annually. The membership fee is $40.00. Each member will be given a Photo ID card, which will be good for one year.
Money World will exchange US and EC currency at favourable rates.
Sell $US ----------------EC$2.80
plus 2% service charge.
(US$100.00 will cost EC$280.00 + $5.60= EC$285.60)
Buy $US ---------------EC$2.60
(US$100.00 will payEC$260.00)
This service is not yet available but will be offered shortly.
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