But Web Money has been demanding that users verify their identities to withdraw funds.
To withdraw funds, the receiver visits an M-Pesa agent and requests a withdrawal through his or her mobile phone.
"And yet foreign investors are still resisting the notion" of not being allowed to withdraw funds amid a crisis.
Traders can not withdraw funds until they have met the bonus thresh hold- not even funds deposited after the bonus deal.
In 2007, Safaricom launched M-Pesa (M for mobile and Pesa- a Swahili word for money) which lets users deposit, transfer and withdraw funds via text message.
Now investors in the Primary Fund can only redeem 97 cents for each dollar invested and can't withdraw funds for at least seven days, the company said.
And should you want to withdraw funds for a purpose other than college, you can take from the plan with the smallest earnings, thus minimizing your tax and penalty hit.
Following a prominent fund's "breaking of the buck"--that is, a decline in its net asset value below par--in September, investors began to withdraw funds in large amounts from money market mutual funds that invest in private instruments such as commercial paper and certificates of deposit.
Players are required to produce documents to verify their identity, address, and source of funds where relevant, before they are able to withdraw any funds.
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Unlike depositors, these investors could not withdraw their funds on demand whenever bad news surfaced.
Those rules allegedly did not apply to Goldman Sachs which was allowed to withdraw some funds.
That means you can withdraw those funds without paying additional income tax or the 10% early withdrawal penalty.
You might remember that when IndyMac collapsed this summer, you had people lining up to withdraw their funds.
After Sept. 11, U.S. authorities froze the bank accounts of several prominent Saudis, which triggered other wealthy Arabs to withdraw their funds from the United States.
Hundreds of depositors of Sir Allen's Bank of Antigua in Antigua also sought to withdraw their funds on Wednesday, although the bank is separate from SIB.
Those poor folks were told in 2010 that they could not withdraw their funds from HCP even as it was not doing well unless they wished to be paid out in LightSquared stock, now worthless.
"As a result of our problems today, some of our customers have gone to our ATMs and they've been able to withdraw more funds than they had in their account and therefore they've overdrawn their account, " spokesman Bryan Fitzgerald told the Australian Broadcasting Corporation.
To add insult to injury, when seeking to withdraw from certain hedge funds, many investors were told they could not withdraw their monies.
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Threatening to withdraw desperately needed funds for Indonesia to repair its economy, wrecked in Asia's financial turmoil, is one possibility.
U.S. investors were betting on Thursday that the Federal Reserve would be forced to cut rates to aid financial markets after a French bank forbade holders of three of its hedge funds to withdraw their money.
If the credit squeeze spreads and borrowing becomes harder, not just for housing but across other parts of the debt markets (such as commercial property or credit cards) money-market funds could withdraw even further from lending to banks.
To be fair, Ms Lamont acknowledges that central government, which provides the funds, cannot withdraw from taking an interest in outcomes.
And federal election rules say that a candidate who uses the matching funds as collateral cannot withdraw from the system.
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The next step would be to prime the market by modifying their forward guidance on the federal funds rate while beginning to withdraw reserves from the system.
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The Fed would use the discount rate rather than the federal funds market to supply or withdraw credit in response to any imbalance between supply and demand for it.
Dellosso and her team reacted by reaching out to Corzine again this time asking him to offer written confirmation that the money it had transferred represented its own funds and thus that it was entitled to withdraw them pursuant to CFTC Rule 1.23.
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Compared with private-equity funds, hedge funds are short-term vehicles from which investors can readily withdraw their capital, usually at least once a year.
On January 18th, the general assembly of the French Enterprise Movement, known as Medef, decided by a vote of 96% to withdraw from the joint management with the unions of France's social-security funds.
In a Roth conversion, you withdraw money from a traditional IRA, pay all the federal and state taxes due, and move the funds into a Roth IRA, where all future growth and withdrawals are tax-free.
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