How to Send a Large Amount of Money to Someone – The 9 Best Ways

how to send a large amount of money to someone

There are various ways you can transfer money to other people. Transferring funds from one person to another is very important in a situation where you cannot reach them urgently. Most money transfer platforms allow you to send as little as $1 and up to thousands of dollars per single transfer. Today, I will teach you how to send a large amount of money to someone within the country or outside for international money transfers.

You can send large amounts of money to pay for an item such as a car, machine, house, land, and so on. When sending money, it is vital to check the security of the platform you are using. There is no need of risking your hard-earned money by using suspicious apps that claim to help you move money cheaply. Cybercrime has increased, and many people have lost their money through such avenues.

The most commonly used platforms to transfer money to others include banks, credit unions, digital wallets such as Paypal, Payoneer, Google Pay, Apple Pay, Facebook Pay, Skrill, and World Remit. Money transfer agents such as Wise, Western Union, and MoneyGram also play a significant role in moving money across various platforms. The difference arises in the fees, the limits, and the duration taken for the funds to reach the intended recipient.

How to send money to someone

When transferring money to a person across any medium, you need details such as a phone number, email address, bank account numbers, or user names, depending on the platform you are using. For example, when sending money to someone via a bank, you need their bank account number. You can send money with a checking account number instantly to people at your bank. You will also require the transit routing number if you send it to a different bank other than yours.

Again, you can decide to send money online or over the counter, depending on where you feel safe. You also need to verify the transfer using your PIN, password, or signature (if you are moving it over the counter).

When using a digital wallet such as PayPal, Payoneer, or Venmo, you need to log into your online account and start the transfer process. You may need to use your bank account to fund your transfers, whereby you have to add it as a source of funds. Digital wallets also allow you to transfer money instantly or use the 1-3 business days transfer method.

Other platforms you can use include the money transfer agents such as Western Union and MoneyGram. You can transfer money at their offices or online. Like digital wallets, these money transfer agents can also rely on your bank account as a source of funding for the transfers. 

Which are the nine best ways to transfer a large amount of money to someone?

how to send a large amount of money to someone

Are you planning to transfer money to others? Then you need to understand the most efficient ways you can use such transfers. The following are some of the ways you can use to transfer large amounts of money.

1) Bank or credit union

Banks are the main avenues you can use to transfer funds to others. Most banks allow both domestic and international transfers to people or specific businesses. You can also move money using your credit union account the same way you can with a bank account. You can use your bank account online or visit a bank branch near you.

The recipient should provide you with details such as the account number and their full names. When moving money to a different bank, you will need both the routing numbers and the account numbers of the recipients.

For online money transfers, you have to log into your online bank account, navigate to the money transfer section, then enter the required transfer details. These include the recipient’s account number, the amount to send, your PIN, password, or touch ID, and confirm the transaction.

If I transfer money from one bank to another, I have to wait for  2-4 days for the transfer to complete, while transfers within the same bank can happen instantly. If you use an app like Zelle, you will need the phone or the recipient’s email address. Zelle allows you to transfer money instantly to recipients within the US. It helps shorten the duration taken to move money between banks.

2) Western Union

Western Union has been operating for years now and allows you to send money to recipients in almost all countries. You can open an online account for Western Union and use it to move money or just use the nearest physical location. These locations are usually within banks or credit unions.

It is essential to understand that Western Union works with various partner banks to help you move money. When sending money using Western Union online, you need to follow the procedure below.

  • Log in to your online bank account at the respective Western Union agent.
  • Fill in the necessary details for the transfer.
  • Enter the recipient’s name, their country, and the amount to send.
  • Pay for the transfer.
  • Select Send.
  • Share the tracking number (MTCN) with the recipient.

It takes 2-5 business days for the money to reach the recipient’s accounts. The deposit time varies from one country to the other. Money to pick at a pick-up point takes minutes or a day to arrive. Therefore, there is a high probability for the next day’s pick-up. For you to receive money sent online via Western Union, you need to do the following.

  • Log in online to your account with one of the Western Union partner banks.
  • Fill in the transfer details.
  • Enter the tracking number, transfer amount, the sender’s name, and the purpose of the transfer.
  • Hit on Receive money tab.
  • Select the account you want the money in.

3) MoneyGram

Like Western Union, MoneyGram mainly operates from the United States of America. Its headquarters are in Dallas, Texas, USA. Since 1940, the company has significantly evolved to match the current money transfer technologies. Interestingly, you can transfer money to many countries of the world.

You can use MoneyGram online with partner banks. To get started, you have to register for an account online by providing the necessary transfer details such as your ID and residence address. The process below allows you how to move money with great confidence.

  • Log into your online account.
  • Enter your information for identity verification.
  • Select the recipient or send it to someone new.
  • Enter the recipient’s details.
  • Enter the amount to send.
  • Indicate how they want to receive the funds.
  • Choose your preferred payment method.

Once you send the money, you should notify the recipient by sharing the 8-digit reference number with them and keeping a copy of the transaction receipt. The recipient can follow the following procedure to get the funds.

  • Find a MoneyGram location near you.
  • If necessary, complete a receiving form by entering the reference number shared with you by the sender.
  • Receive your funds.

4) Wise

Wise, formerly TransferWise, is one of the major money transfer companies that allows you to move money worldwide. Furthermore, your recipient does not need a Wise account to receive money but just a bank account. However, you have to create a Wise account for you to transfer money. Wise is mainly for peer-peer transfer and provides low-cost transfer services.

When you send money using Wise, it takes one business day to receive a wire transfer. However, it takes 1–3 business days to receive ACH transfers. For transfers outside the US, the recipients have to wait for 4-5 working days to get the money. The long waiting period is due to multiple intermediary banks or different time zones. You can send up to 1,000,000 USD per transfer to personal and business accounts.

5) Remitly

Remitly allows you to transfer money securely from the US to other recipients of the world. You need to download the Remitly app from either the Google Play Store or App Store to get started. You then join by following the steps below.

  • Select Join Now.
  • Enter your preferred email address and password.
  • Select Join

Once you create an account, you can send up to $60,000, depending on the nature of your account. To transfer money to someone, you need their name, as it appears on their ID, their address which matches with their ID, and the recipient’s phone number.

You also need the recipient’s bank account number and the name of the recipient’s bank to transfer the money directly to the recipient’s bank account. As a recipient, you have the following options to receive money from Remitly.

  • As a deposit in your bank account
  • Cash pick up at a nearby location.
  • Use a mobile wallet on your smartphone with GCash,, or PayMaya.
  • Home delivery.

6)  WorldRemit

WorldRemit allows you to transfer money to international recipients. The service operates in over 130 countries of the world. The service is fast, safe, and low-cost. 90% of the WorldRemit transactions reflect in the recipient’s account within a few minutes.

To get started with WorldRemit, you need to create an account. You can download the WorldRemit account from the Google Play Store or at the App Store and register with your email address and password plus a PIN code.  You will then need to activate your account as per the instructions.

You can send money as follows.

  • Log into your account on the WorldRemit website or app and select the country you want to send to.
  • Select the WorldRemit Wallet as the way to send your money.
  • Choose your preferred currency.
  • Enter the amount to send.
  • Complete the recipient details.
  • Pay for the transfer.

The recipient will be able to receive their money as long as they have an active WorldRemit account. However, someone can send you money even if you do not have a WorldRemit account, and you have 14 days to claim your funds by creating your account. The money automatically returns to the sender if you do not claim it.

7) PayPal

PayPal is one of the excellent online money transfer services that operate internationally. It is one of the ways you can send money to someone without a bank account. The first step to using PayPal is creating an account. You need a valid email address, a phone number, and your Identification document to get started. You may need a bank account later to help you fund your transactions online. When sending money to someone using PayPal, you need their email address, which is their ID.

For someone to transfer money from PayPal to a bank account, they can use the instant transfer option (for US residents only) or the 3-5 business days method. The 3-5 business days method can be affected by weekends and holidays. As long as the receiving individual has a PayPal account, they will receive money directly into their accounts and withdraw to their linked bank or debit card accounts. 

8)  Payoneer

Payoneer operates like PayPal and supports various currencies of the world. It is one of the major rivals of PayPal and allows you to send funds up to $2,500 per day. You require a Payoneer account to transfer money to someone else, either in the US or outside. You need an email address, a valid government ID, and a physical address to create an account.

When sending money to others using Payoneer, you only require their Payoneer email address. They will get a notification as soon as they receive the money and withdraw it to their bank accounts.

9) Skrill

Skrill’s headquarters are in London, in the United Kingdom. The company operates globally and allows you to transfer money across various nations of the world. Like PayPal, Payoneer, and Remitly, you require an account to get started. You will need to enter your first and last name, choose your country, your preferred currency, email, and password. When sending money, you only need to log into your online account and send money. 

You can trust Skrill since it is safe, secure, and fast. Recipients can choose to receive money directly in their bank account or their Skrill wallet. 

Bottom line

There are various money transfer platforms which include PayPal, World Remit, Skrill, or your bank account, among other options. When sending money to others, you require account details such as account numbers, phone numbers, or email addresses.

Most money transfer platforms require you to link a bank account to help you fund your transactions. Every money transfer platform has its transfer limits that you should know.  

Spencer Tierney is a writer and expert on certificates of deposits at His work has been featured by USA Today, MSN, SF Gate, the Los Angeles Times, NerdWallet and more. He earned a bachelor’s degree in English at UC Berkeley.