bux is a mobile app designed to make moving money easy. So easy that you can transfer money to other bux account holders just about anywhere in the world, instantly and fee-free. Here’s how it works.
First, download the bux app and load your account with funds through one of our bank partners, which include Visa and MasterCard. Alternatively, you can load your bux account with cash at one of our retail cash payment centres in Australia, Hong Kong and the Philippines. To do this, you will need to generate an invoice within the app via the Load bux icon on the home screen. Then, use the Location Finder to find your nearest cash payment point.
Once your account is loaded, you can then send money. If you transfer funds to a linked bux account, you can convert currency and send it globally at competitive FX rates with no transfer fees, instantly! This would be a perfect solution for you if, for example, you have family members abroad and you need to send them funds.
To link an existing bux account to your bux contacts, you will need to know your friend or families bux account number. You can search for this by using the recipient’s mobile number. You can then link their account by selecting Linked Accounts from the drop-down menu. This is also where you can edit and remove linked bux accounts.
The drop-down menu can be accessed by tapping on the three horizontal lines on the top left hand side of your screen.
On the dashboard screen, choose the bux2bux button and tap “pay bux to Anyone”. Select the account you want to pay into, enter the amount you want to pay, and click on “send bux”. For security reasons, any bux accounts that are red are unverified by the system so you cannot transfer money to that account.
If the person you are sending money to doesn’t have bux, not a problem, you can also transfer money to beneficiaries just about anywhere in the world, 24 hours a day with the cheapest transfer fees in the market. By loading beneficiaries to your bux contacts, you can transfer money to their cash card or bank account, while saving on fees for international money transfers. If your recipient does not have a credit card or bank account, you can send the money to a bux cash out location of your choosing and your beneficiary can go along and collect it in person.
To send money to a beneficiary, choose the “send money” icon on your home screen dashboard. Beneficiaries are added and saved by tapping “beneficiary” on your drop-down menu which is accessed via the three horizontal bars at the top left of your screen.
With bux, you get a receipt at the time you make a transaction or obtain cash, and statements in electronic format are available in real time whenever a transaction occurs.
By linking bux accounts and beneficiaries you can send money globally at low remittance rates, and send money to cash out locations around the world.