Technology has evolved, and instant bank transfers have become an essential part of everyday banking life. However, many traditional banks still relies on debit cards to make international instant bank transfers, which is usually a hassle for those without their debit cards. Fortunately, several options now exist for making financial transfers without debit card. This blog post will show you the best instant bank transfer without debit card
These methods are not only convenient, but they are also secure and reliable, which makes them a better alternative for people who want to transfer money instantly.
Your financial life probably requires the best instant bank transfer without debit card. And perhaps, just like everyone else, you’re sick and tired of feeling stuck in the stone age when it comes to bank transfers. And the archaic idea of carrying your debit card everywhere you go just to transfer money is already too sickening.
Best instant bank transfer without debit card
Now, onto the good stuff. Below is the best instant bank transfer without a debit card.
1. Mobile banking app
Your bank’s mobile banking app is a game-changer when it comes to making instant transfers.
No debit card required, just download the app on your smartphone, and you’re good to go. You only need the recipient’s account number and bank details to transfer money in a flash.
2. Prepaid debit cards
Prepaid debit cards are a best instant bank transfer without debit card if you’re not interested in going through the hassles of getting a traditional bank account.
These cards are sold at many retailers like Walmart, and using them is a piece of cake. You simply load some money onto the card and use it like a regular debit card.
They can also be linked to money apps for convenient mobile check deposits.
3. Internet banking
If you’re more of a desktop kind of person, internet banking is the method for you. Log in to your bank’s website, select the transfer option, and enter the recipient’s account number and bank details. Voila! Money transferred, no debit card needed. Also, be sure to use a secure browser and make sure not to share your personal information with people.
Read also: 13 Untraceable Money Transfer Apps without Identity
4. USSD banking
Still a fan of the old-school way of doing things? Then USSD banking is the method for you.
Simply dial a short code on your phone, follow the prompts, enter the recipient’s account number and bank details, and boom! Instant bank transfer without a debit card.
Moreover, Consultative Group to Assist the Poor currently considers USSD the best communication technology available to provide MFS to low-income individuals.
5. Money orders
Money orders are another option for instant transfers without a debit card. You can find them in places like CVS, Walmart, and post offices around you.
They work like checks but are not linked to a bank account, so they can be a safer alternative to mailing cash. They are usually cheap to use (around $1 to $2) and can easily be canceled if the recipient hasn’t cashed them yet.
6. ATM transfer
For those times when you don’t have access to the internet or a smartphone, most ATMs allow you to transfer money to another person’s account without a debit card.
Enter the recipient’s account number and bank details, and you’re ready.
7. Western Union
Western Union is another option for best instant bank transfer without debit card. They’ve been in the business of money transfer services for over 145 years. Western Union gives you the options of sending money online, by phone (you need a credit card or debit card handy for this), or in-person at any one of their 500,000 locations worldwide (choose a location close to you).
However, you must note that the fees will vary depending on where you’re sending the money and how the recipient is receiving it. But just keep in mind that transferring money domestically usually costs about $1 to $2, and your recipient may have to pay a fee of around $25 if they’re picking up cash at an agent location.
Nonetheless, if you’re unsure about the exact costs, the Western Union website has a fee estimator tool you can use.
Read Also: 8 Stores that Accept Checks Online [Best Rated]
8. PayPal
PayPal is one of the best instant bank transfer without debit card apps that’s been around for a while.
It allows you to send and receive money instantly in over 190 countries without mandating the need for a debit or credit card so far it’s linked to your bank account for easy access to funds. And all you or the recipient needs to use PayPal’s services are an email address and a phone number.
One feature of PayPal that can get a little confusing are its fees for sending and receiving money. This is because these fees are dependent on the method of funding the transfer, and other factors such as the recipient’s location (country), and how they intend to withdraw it.
So, the best way to estimate your costs will be to look it up on PayPal’s website.
9. Google Pay
Google Pay is a transfer app that’s integrated with Google Wallet. It allows you to send and receive money instantly and can be used to pay for goods and services at select merchants. Google Pay is also free to use and has a user-friendly interface.
10. TransferWise
TransferWise is a money transfer app that allows you to send and receive money in different currencies with low fees. The great thing about TransferWise is how transparent their fees and exchange rates are, so you get to know exactly how much you’re paying.
11. Zelle
Zelle is an app that’s recently gained some more popularity among ‘techies’, especially with those who have a bank account in the US. It’s free to use and the best instant bank transfer without debit card app that features a user-friendly interface while allowing users to send and receive money instantly with anyone who has a bank account in the US.
One of the common problems you might experience while using Zelle is that sometimes you might have pending payments not delivered. But this post will show you how to fix Zelle pending payments.
12. Venmo
Like other popular money transfer apps, Venmo allows you to make instant money transfers. You can easily link it to a bank account, debit or card, and other available funding sources (see it on Venmo’s website).
Perhaps one thing that makes Venmo a sort of unicorn in this list is its similarity to PayPal. You can also use Venmo to pay for goods and services at select merchants, or use it as a digital wallet.
13. Cash App
Owned by Square Inc, Cash App is a newer money transfer app that’s great when it comes to making instant money transfers without a debit card.
Although it’s commonly used to buy and sell Bitcoin, not many know that it has features not common in other money transfer apps such as, investment options and cash ‘boosts’.
14. Other money apps
If you’re not too keen on using your bank’s app, there are other instant options that offer best instant bank transfer without debit card available that allow you to make instant bank transfers without a debit card.
PayPal, Google Pay, and Venmo are just a few examples. Simply link your bank account to the app, and you’re ready to transfer money faster than you can say “instant transfer.”
What is the best way to make instant bank transfer without debit card?
Now, you’re probably wondering which of these methods is the best for making instant bank transfer without a debit card. Well, I researched for you, and the winner is…drumroll please…none!
The best method for making instant money transfers is a service that is not only convenient and cheap to use, but also allows you to transfer money instantly without any delays.
How do I choose the best method for money transfer?
The best method for money transfer will depend on your needs and preferences at that particular point in time. But here are some things you need to keep in mind:
1. Fees
The costs or fees associated with money transfer services vary, but it usually depends on the method you want to use.
Some money transfer methods will cost you a premium, while some are free to use. So, you need to make sure you check the fees before choosing a money transfer method.
2. Speed
Some money transfer methods allow you to send and receive money instantly, while others may take a few days.
If you need to transfer money quickly, then you must choose a money transfer method that allows for instant transfers.
3. Security
Security is a pretty big deal nowadays, so you need to make sure the money transfer method or service you choose is secure and well encrypted to protect your personal and financial information.
4. User-friendliness or ease-of-use
This is self-explanatory, not everyone is a ‘tech whiz’. So depending on how good you are with gadgets, you need to choose a money transfer method with a user-friendly interface that is extremely easy to use.
FAQs
Can I do a bank transfer without a debit card?
Yes, you can do a bank transfer without a debit card. Simply download any popular money transfer apps, sign up with your info, and get started. Just remember to check the fees of the app or service you intend to use.
How long does it take to transfer money with an app?
The length of time it takes varies; some apps can transfer money immediately, while others can take up to a few hours or days (depending on the app, recipient’s location, or source of funds).
Final thought
Instant bank transfers without a debit card is the future of finance. They’re a convenient and quick way to transfer money to others no matter where they are located.
All you need to do is choose a method that best suits your needs and preferences. So pick one and try it out, you’ll be glad you did.
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