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How to Send Money to Someone Without a Bank Account

There are various ways you can transfer money to others without the need for a bank account. As long as you stick around, you will clearly understand how to send money to someone without a bank account. Even though bank accounts are important, it should never be necessary to move funds to distant friends, relatives, or sellers.

Transferring money from one person to another ensures that there is a constant circulation of money that leads to developing a country’s economy and that of the whole world. People can buy goods and services virtually and have the goods delivered to their locality. Therefore, one can save time and energy that they could have used to travel to get goods.

Since the invention of mobile technology, money transfer has been smooth and straightforward. People can send money to others online without visiting banks. Online shops such as Amazon and eBay require you to pay online even without a bank account. There are all sorts of avenues that allow you to transact online. The 21st century came with lots of technological advancements that have seen the world evolve greatly.

How to send money to someone without a bank account

Are you wondering how you can send money to someone because you do not have a bank account? You should relax since I will show how you can send money to someone quickly using other simple means with no bank account. The following are ways you can send money to others without a bank account.

1) Use PayPal

PayPal is one of the best money transfer platforms that allows you to move money from your account to other PayPal account holders. You do not need to have a bank account to use PayPal since you can receive funds from others.  Some employers can also pay you through PayPal thus availing a substantial balance on your account.

PayPal operates in over 200 countries of the world. It means that you can move money to many countries of the world no matter your location. PayPal also offers a debit card that you can use to withdraw money at ATMs.

Opening a PayPal account is easy since you need an email account and phone number. You also need to provide your physical address and a sample of your identification document.

2) Venmo

Venmo allows you to move money from one person to the other. The app operates as a peer-to-peer money transfer app since it acts as an easy way to move funds between account holders. People can split bills at restaurants or movie theaters and save each other the burden of pay single-handedly.

Unfortunately, Venmo operates in the US only. Even though it is a product of PayPal that operates globally, Venmo is localized and users can transfer money to each other. You can add a bank account to help you to fund your transactions when the need arises. However, you can use Venmo without a bank account when you receive money from your employer, clients, or other relevant people.

3) Cash App

Cash App is another excellent app that allows you to send and receive money from others. It is not a must to add a bank account to your Cash App account whatsoever. Cash App allows you to open an account and choose a unique name called $Cashtag that others can use to send you money. People can even use your phone number or email address to send you money.

Sending money in Cash App is instant, just the way you can send money with a checking account number instantly to other account holders of the same bank. You can use a bank account to fund your transactions but it is not a must since there are other ways you can get the money to your account. Like other apps, you can get money from friends, from an employer, or clients.

4) Payoneer

Payoneer operates like PayPal. It works in various nations of the world and one can move funds to other nations of the world. Furthermore, the platform supports several currencies. Recipients can also convert to their local currencies when withdrawing money to their bank accounts.

So long as you have enough balance in your Payoneer account, you can send money to another Payoneer account holder. A bank account linking to your Payoneer will only be used for adding money to your Payoneer balance to fund your transactions. Payoneer has been around for some time now and has become one of the main competitors of PayPal.

5) Google Pay

Google Pay, also known as G Pay, is a digital wallet from Google that allows users to pay for goods or even services from online sellers and make payments for the Google Play Apps and services. You don’t need a bank account to move funds to others as long as your G Pay account has money in it.

Unfortunately, Google Pay does not operate in all countries of the world. You can top up your account by receiving money from others or by receiving payments from your employer. Apple Pay works in both Android and Apple smartphones.

6) Apple Pay

You can use Apple Pay on Apple devices such as phones, watches, Mac computers, and iPads. You need the latest software for each device you use for the app to work effectively. If you have some balance in your account, you can easily send money to other recipients with ease.

Moreover, topping up your account is easy since your friends and relatives can send you money. Like G Pay, Apple Pay is only available in some countries.

7) Prepaid cards

Prepaid cards do not need bank accounts to operate. All you need is an online account for the card so that you can move money online to other account holders. You can even move money to other debit cardholders that connect to their bank accounts.

An example of a prepaid debit card is NetSpend. Apart from holding a NetSpend card for withdrawing money from ATMs and paying online, you can easily transfer money using your online account.

8) Western Union

Western Union is one of the best online and physical office transfer platforms that allow you to send money to others in different parts of the world. You can recharge your online account at a physical office or use a debit card.

Recipients do not need Western Union accounts to receive money since they can get money at pick-up points. These are usually select banks in a country as well as their offices.

9) MoneyGram

MoneyGram has been around for many years and has evolved with technological advancements to match the current trends of money transfer. You can create an online account that you can use to move money to recipients of different countries of the globe with just a few taps on your device.

How do I send money using a bank account?

You transfer money to someone else’s bank account using your bank account. Sending money to account holders of the same bank is easy since you only need the recipient’s account number and maybe their full names. Account transfers are usually instant, and money reflets in the target account within a short period.

You can also transfer money to accounts of other banks by carrying out direct deposits. Transfer of money to other accounts takes 3-5 days to reflect. However, using a service like Zelle ensures that funds reflect immediately in the concerned account.

Direct deposit requires you to have the account and routing number of the receiving account. The routing number helps to identify the receiving bank, while the account number helps identify the bank account’s specific account holder.

Can I send money with a bank account online?

Most banks now support online banking where you can run your account online. That means that you can send money to other account holders online without much hustle. You only need to sign up for an online account and get started.

While sending money online, you need the same bank account details of the recipient as you would need when sending at a branch. That means that you need the account number and names of the recipient. When transferring money to accounts of other banks, you need both the routing and account numbers of the receiving account.

Many people are very worried about using their bank accounts online. Even though there are incidents of account hacking that happen online, I am sure that my account will ever remain secure so long as I am careful with what I do online. No one can withdraw money with my account number as long as I keep my logging details a secret. Again, if you use an insecure internet connection, then hackers can find your account with ease.

How do you ensure safety for online accounts?

To prevent account hacking, you need to ensure that your online account is secure. The following are ways of securing your online account.

  • Use a secure internet connection.
  • Keep your passwords a secret.
  • Never sign in to your account on a public computer or someone else.
  • Change your online account password regularly.
  • Report to the customer care representative if you suspect any suspicious activities in your account.

Bottom line

Transferring money from one platform to the other ensures a circulation of money for various kinds of transactions. There are various ways you can transfer money to other people without the need for a bank account. If you use PayPal, Venmo, or Payoneer, among other platforms to transfer money, then you will have avoided the need for a bank account.

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