How To Transfer Money to Someone Else’s Bank Account

Do you want to know how to transfer money from your bank account or any other relevant platform to the bank account of another person? Check this out.

How To Transfer Money to Someone Else’s Bank Account
 Looking for How to Transfer Money to Someone Else’s Bank Account? Well this article is your bus stop. A bank account can assist you with a variety of tasks, including bill payment, direct deposits, check deposits, and other money transfers. You are missing out on the equation if you do not know how to transfer money to another person's bank account. Money transfer is one of the most important functions of a bank account.

Banking has grown relatively simple in recent years. With a smartphone, you may transfer money online from the palm of your hand. Gone are the days when sending money meant walking to the bank. What if the money are needed to address an emergency? Damage may have already occurred by the time the money reaches the intended recipient.

Furthermore, you will see that having a bank account is not required in order to transfer money to someone's bank account. Other services allow you to transfer funds to a bank account. PayPal, Western Union, MoneyGram, Payoneer, Cash App, World Remit, and Venmo are among them. Some of these platforms work across borders, while others exclusively work within the United States.

Read Also: The Fastest Way To Transfer Money Between Banks

How long does it take to move money to a bank account?

The time it takes to transfer money to a bank account varies depending on the platform. When transferring money from one bank account to another within the same bank, for example, the funds may arrive immediately or within a few minutes.

When transferring money from your bank to another bank's account, however, the money may take several days to appear in the recipient's account. The second bank must take the time to verify that the funds are from a valid source and that the sender has the funds they requested. As a result of the communication breakdown between the two banks, the transfer is delayed.

When transferring money from PayPal to a bank account, it takes about 3-5 days for the funds to appear in the receiving bank account. The reasons for the delay are the ones I described previously. Before releasing funds to the recipient and verifying that the source is lawful, the bank wants to make sure that the PayPal account balance is sufficient to fund the transaction.

Check Out: How to Get Free Virtual Bank Account For PayPal Verification 

PayPal now offers instant PayPal to bank transfers, in which money is transferred to a bank account within 30 minutes for a fee. The feature, however, is only available to users in the United States. Cash App and Venmo both provide rapid money transfer tools that ensure money reaches the intended bank account as soon as possible.

How to move money to someone else’s bank account

Do you want to know how to transfer money from your bank account or any other relevant platform to the bank account of another person? You can deposit money into a bank account in a number of ways. The following are some of the most prevalent.

Also Check: The Top Best Online Money Transfer Services in USA

1. Bank transfers

Account to account transfers within the same bank are possible, as well as bank to bank transfers when the recipient is from a different bank. Let's have a look at how they both work.

Transfer from one account to the other within the same bank

You can transfer funds from your bank account to the account of another individual at the same bank. For confirmation, you only need the recipient's account number and maybe their entire names. If you're transferring money at a bank branch, you'll need to give the bank officials your identification information as well as the recipient's account information. To allow the transfer, you will also need to sign a form.

In most circumstances, the money will be delivered the same day to the receiver. You can also use the online transfer system, which allows you to send money to a recipient by just logging into your bank account online. To transfer money, you'll still need their account number.

The online money transfer is quick and convenient. Money usually reflects instantly. Some people are concerned about disclosing their account details to others, fearing that someone will use it to remove funds from their bank account. "Can someone withdraw money with my account number?" I noticed a question someplace.

This is a no-answer question. Someone can't only use your account number to take money from your bank account unless they also have other information, such as your internet login credentials. Also, because someone could access your identification papers and withdraw money over the counter, make your signature difficult to guess. However, since some banks are already using biometric recognition to enable withdrawals, it is not that simple.

Bank to bank transfers

You'll need the recipient's account and routing information if you're sending money to someone else's account at a different bank. The receiving bank is identified by the routing number. In terms of money transfers, it's similar to a bank address. The account number then indicates the money's intended destination.

You can either go to your bank's branch and transfer money with the help of bank personnel, or you can transfer money online by logging into your bank account. Setting up a direct deposit to the receiving account is one way to move money from one bank to another.

If you want to send money from your bank to another bank in another country, you can utilize wire transfer, which is a little faster than direct deposit. When moving money between different currencies, wire transfers are quite efficient.

2. Using mobile money wallets

Money transfers to a bank account are supported by a number of mobile money wallets. PayPal, Venmo, Cash App, and Payoneer are among them. Let's have a look at how some of the platforms can be used to transfer money.


PayPal is a massive online money transfer network that is available all over the world. The freelancers who receive their payments through PayPal are the main beneficiaries of the platform's services. PayPal is also used by some businesses to take payments for goods and services.

Read Also: How to Get Free Virtual Bank Account For PayPal Verification

You can transfer money from your PayPal account to another person's bank account. The recipient, on the other hand, must have a PayPal account that is linked to their bank account. It's crucial to remember that you can't link your PayPal account to someone else's bank account. As a result, the monies will be received from your PayPal account and subsequently transferred to the recipient's bank account. As a result, you can transfer money to your friend's bank account indirectly through their PayPal account.

PayPal can also be used to send funds from websites that do not accept bank transfers. If you know how to transfer money from Netspend to PayPal, for example, you can effortlessly transfer funds from your Netspend account to your bank account using PayPal.

Read Also: How to Create and Get a Verified USA PayPal Account from Outside the US


Payoneer allows you to link your account to someone else's bank account. You must explain why you entered the other person's bank account information rather than your own. You can transfer funds to the recipient's bank account online if you added the account a few days ago and Payoneer has verified it.

The transfer from Payoneer to a bank account takes 1-3 days to complete. The steps outlined below are required when transferring funds from Payoneer to a bank account.

  • Log into your Payoneer account.
  • Navigate to Withdraw
  • Select withdraw to Bank Account
  • Choose the balance you want to move money from
  • Choose the bank account to withdraw funds to.
  • Enter the amount you want to withdraw
  • Enter a description(optional)
  • Review and withdraw

 Cash App

Square's Cash App is a money app. You have the option of sending money directly from Cash App to your bank or through the traditional procedure. You must pay costs for instant money transfers, however you do not have to pay any fees for conventional transactions.

Instant transfer ensures that cash are deposited into your account as soon as possible. You must pay a fee of 1.5 percent of the total transaction value. Following the procedures below, you can transfer money from Cash App to a bank account assuming you have already added the recipient's bank to Cash App.

  • Tap the Balance on your Cash App screen.
  • Tap Cash Out.
  • Choose the amount and hit Cash Out.
  • Select your preferred deposit speed.
  • Use your PIN or Touch ID to confirm the transaction.

Check Out: Best Way/Method to Accept Payment Via Cash App 

Use money transfer companies

Both domestically and internationally, a number of money transfer companies exist. WorldRemit, Skrill, TransferWise, Western Union, and MoneyGram are among them.


Over 90 different currencies are supported by WorldRemit. It's also available in 150 countries and is a good way to send money to overseas bank accounts. Apart from bank deposits, the organization also offers cash pickups and mobile money as alternatives to bank deposits. Even if you don't have a bank account, you can send money to someone else.

Despite WorldRemit's minimal transfer fees, exchange rates may make the transaction more costly. However, because funds are reflected within minutes, it is a secure and speedier form of transfer. You can deposit funds into your account in the following ways.

  • Select the 'Bank Deposit' option and the bank to which you want to send money.
  • Select the amount of money you want to send.
  • Allow the transfer by entering the recipient's bank account information.

Once the transfer is complete, you will receive an SMS notification. The notification will also be sent to the addressee.


Skrill is a secure way to send money to someone else's bank account that works with over 120,000 online businesses worldwide. It accepts a wide range of currencies from around the world, and you can rest assured that your transaction will be completed successfully. To transfer money from Skrill to a bank account, follow the instructions below.

Check Out: Open Skrill Account In Nigeria

  • Log into your account.
  • Go to ‘Send’
  • Choose the “send money to a bank account” option.
  • Select the country and currency.
  • Enter the amount to send.
  • Select the payment method.
  • Enter your details.
  • Enter your recipient’s details
  • Confirm the amount and complete.

Western union

You can transfer money to a bank account if you have an active Western Union account. Western Union is safe and ensures that the payments reach the intended recipient as quickly as possible. The steps outlined below are required to send money with Western Union.

  • Login to your account
  • Choose the amount to transfer and the destination
  • Enter the recipient’s details
  • Enter the payment method. You can use your payment card or bank account.
  • Confirm and send. Once you confirm, the money will reach the recipient within a short time.
  • Track your transaction. You can follow the movements of your funds to see when they reach the recipient.


MoneyGram is another reputable company for transferring funds to another person's bank account. MoneyGram is available in more than 50 countries worldwide. You can send money through the app, over the internet, or in person. Follow the steps below to send money from your MoneyGram account to someone else's bank account.

  • Log into your MoneyGram account.
  • Select a recipient or send to a new person
  • Select source of funds. It can be your bank account or payment card
  • Choose  ‘Account Deposit’ or ‘Direct to Bank Account’
  • Enter the recipient’s information. These include the full name and their bank account details.
  • Review and send

Can I use a debit, credit, or prepaid card to transfer money to a bank account?

Some credit cards allow you to make online transfers to bank accounts. Other card issuers, on the other hand, only allow transfers from a bank account to a card account, not from a card account to a bank account. To transfer money from Netspend to a bank account, for example, you'll need to utilize PayPal because Netspend doesn't support bank transfers. It signifies that the funds will take several days to reach the intended recipient.

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Conclusion On How To Transfer Money to Someone Else’s Bank Account

You can transfer money to someone else's account in a variety of ways. Within the same bank, the most typical transfers are account to account transfers. Bank-to-bank transfers are equally popular, but they take a little longer to accomplish. Money can be sent to another person domestically or overseas. Money transfers can be done online or at a physical branch.

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