4 Quick Money Transfer Options
LOS ANGELES - December 29, 2021 - ( Newswire.com )
iQuanti: Sending money to friends and family is easier than ever before. Thanks to advancements in payment processing technology, there is now a range of apps and services that let people transfer funds to others from bank accounts, debit cards, and credit cards. And of course, the traditional methods, like sending cash or a check, are always an option.
Whether people are sending birthday gifts to friends and family, paying someone back for covering the bill, or helping a loved one going through tough times, there are easy ways to transfer money into their hands quickly. Here are some of the fastest and most convenient money transfer options.
1. Western Union
Western Union is one of the largest money transfer organization globally, offering money transfers in over half a million locations throughout 200 countries and territories.
Users can send money online or through its mobile app by linking their bank account, debit card, or credit card. They can also visit a Western Union® agent location if they’d like to send money using cash. These are located at many grocery stores and convenience stores, as well as Advance America store locations.
With Western Union, some money transfer options include sending money to a bank account, for cash pickup, or to a mobile wallet.
2. Bank Transfer
A bank transfer, also known as a wire transfer, allows you to transfer funds from one bank account to another. In many cases, the sender will have the option of conducting the transfer in person at their bank or online by logging into their bank account.
The amount of time it will take for the recipient to receive the funds depends on the banks and whether the money transfer is within the U.S. or international. It may take a few business days for the recipient to get the money in their bank account.
3. Digital Money Transfer Services
Digital money transfer services offer a quick and easy way to send money. Many of these services allow people to transfer funds for free or come with a reasonable fee. In many cases, both the sender and the recipient need to have an account with the payment service to complete the transaction.
Here are some examples of digital money transfer services:
- Google Pay
- Cash App
4. Cash or Check
Sending cash and writing a check are two practical and reliable ways to transfer funds. Plus, these money transfer options are free in many cases.
To send cash, people can withdraw funds from their bank account and deposit it into another bank account or give it to the recipient in person. With a check, the sender can write the check and then deposit it into the recipient’s bank account, hand it to the recipient, or send it by mail.
Send Money Faster
There are plenty of instances where people want to send each other money. Whether it’s sending someone a gift or paying a friend for running an errand, the quick money transfer options laid out above allow people to send funds quickly and.
Notice: Information provided in this article is for information purposes only. Consult your financial advisor about your financial circumstances.
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Original Source: 4 Quick Money Transfer Options