Money Transfers and Wire Transfers

Money-and-Wire-Transfers

Explore this Money Transfer Guide:

Check City Western Union

Check City offers Money Transfers through Western Union. Western Union is a money transferring service that has been around for a very long time.

Western Union is a dependable money order service that you can find at every Check City location. There, you can both send and pick up money orders.

All you need to do to send money at Check City is go to your neighborhood Check City Location with your photo ID and the money you want to send. You can bring the funds in cash or use a debit card.

Then you can choose to either send a money order or a wire transfer directly to the recipient’s bank account.

Money Transfer Near Me

A money transfer is when someone sends (or transfers) money from themselves to another person. This can often occur in the form of sending money orders which act as secured, prepaid checks.

Money transfers can also be done electronically or as a wire transfer. Wire transfers take place when someone sends money from one account to another. With wire transfers, there is no cash or checks involved. Wire transfers can also be a very quick way to move funds.

Find a place that does money transfers near you either online or by asking around. If you go online, simply search the phrase “money transfers near me” on Google Maps. All the money transfer places near you will pop up on the map, letting you pick the closest one.

Or you can ask around. Friends, family members, and neighbors might already know about the best place to take care of money transfers. And if you’re looking for a financial servicer that prides itself on its community, you won’t find anything more friendly than Check City.

How to Transfer Money From One Bank to Another

You might need to transfer money from one bank to another because you have accounts with multiple banks. You might also need to know how to transfer money from bank to bank because you need to send money to someone else’s bank account.

There are a few ways you can transfer money from one bank to another:

Method 1: Link the two bank accounts online

Log into your online banking account and select “transfers.” Most likely you’ll find an option for making online money transfers somewhere in the online banking site or app’s menu. You also want to make sure you select external transfers since you want to send money to a different bank. Internal transfers are for when you want to transfer money from your own checking account to a savings account.

Then you can provide the routing number and account number of the bank account you wish to send money to. Once you’ve given this information the banks will have you confirm your access to the other bank account somehow. Follow their instructions.

As soon as the other bank account is confirmed you can start sending money online to it. It might take a few days for the confirmation to complete though.

Method 2: Call your bank to set up a wire transfer

You can also call your bank and ask them about wire transfers. This could be what you need to do if you don’t have access to the other person’s bank account. Some banks will charge a fee for wire transfers. Wire transfer fees and the wire transfer process can all be discussed over the phone with your bank.

Method 3: Transfer money with a money transfer service

There are several money transfer services available today that can transfer funds for you. These services are also helpful when you need to send money to someone, but you don’t have any kind of access to their bank account.

Third-party money transfer services include PayPal, Venmo, Ria, Western Union, and MoneyGram, just to name a few.

How to Transfer Money From PayPal to Bank

The first thing you need to do is to link your bank account to your PayPal account. Once this is done you can start depositing PayPal funds into your bank account.

On the app’s first page, you’ll see a box that has your PayPal balance. In blue letters you’ll find the words “Transfer to Bank” underneath your balance. Select this option and then carefully follow the steps.

If you’re logged into PayPal’s website instead of the app, then you’ll want to go to the Summary page. Then click “Accept the Money,” “Transfer Money,” and then “Transfer to your bank.” After that you’ll just follow the instructions to send PayPal funds to your bank account.

How to Transfer Money to PayPal

You can send money to other PayPal users through your bank account just by having your bank account linked to your PayPal account. You don’t actually have to deposit funds to your PayPal account first in order to send money with PayPal.

But it can be helpful to use your PayPal balance to control your spending. You can use your PayPal account as a section of your budget and keep only the amount of funds you want to spend in your PayPal balance.

To add funds to your PayPal balance, just go to “Add Money,” choose the bank account you want to transfer from, and note how much money you want to transfer.

How Long Does it Take for PayPal to Transfer Money?

PayPal has an “Instant Transfer” option on their money transfers for qualifying transfers. If you are able to select “Instant” when making a money transfer with PayPal then it should only take about 30 minutes for the transfer to complete.

For other money transfers, it can take anywhere from 3 to 5 business days for a money transfer to fall through.

How to Transfer Money to Venmo

Venmo works very similarly to PayPal. To add funds to your Venmo account just go to “Manage Balance” in the menu, and then select “Add Money.”

Then you can pick which bank account you want to transfer money from and how much money you want to transfer.

How to Transfer Money from Venmo to Bank

How to transfer money from Venmo to a bank account works in much the same way. In the menu bar select “Transfer to Bank.” You might have to get there after first selecting “Manage Balance” or “Transfer Money.”

Then you just make your selections for how much money you want to transfer and from which account.

How to Transfer Money from Apple Pay

Services like Apple Pay, Google Pay, and Samsung Pay have a lot of uses, especially for online and electronic payments. You can even send and receive money from your smart watch!

How to Transfer Money from Apple Pay to Bank

Figure out how to transfer money from Apple Pay to debit card or to your bank account by following these simple steps.

Open your Apple Pay Wallet app. From there you can find a “Transfer to Bank” option in the menu. When selecting where you want to transfer your Apple Pay funds, you can pick any bank account or debit card you’ve already added to your account.

If you want to send your Apple Pay funds to a specific debit card, just make sure you’ve added that card’s info to your Apple Pay account.

How Long Does it Take to Transfer Money?

A typical time frame for how long it takes to transfer money is 3 to 5 business days. Business days typically refer to weekdays. These are the days that banks are open, so money transfer processing only occurs on these days.

How to Transfer Money from Card to Card

Knowing how to transfer money from one card to another is easy. Every card comes with an account. Transferring money from two different cards requires you have access to the accounts associated with the cards. Then, the process for transferring money from card to card is the same as transferring money from account to account.

For example, if you want to transfer funds from your debit card to a different debit card, you’ll follow the same steps outlined above for transferring funds from one checking account to another.

How to Transfer Money from One Netspend Card to Another

Netspend Cards are a type of prepaid card. They have their own security measures that make them ideal for traveling too. Add funds onto your Netspend card and now you have an easy way to budget or give your kids an allowance.

To transfer money from one Netspend card to another, just log into your online Netspend account and link the two Netspend accounts.

Check City offers Prepaid Debit Cards too!

How to Transfer Money Internationally

Need to make an international money transfer? Western Union is the best choice for international money transfers. Just visit any of your local Check City stores with your photo ID and the funds you want to send.

How to Transfer Money from Robinhood to Bank

Robinhood is an investment app. There are many investment apps out there that can help strengthen your financial portfolio. Investing can also help you grow your money!

Once your money has grown, you might want to transfer your Robinhood funds to your bank account. To do so, you have to be prepared to wait 5 trading days for the funds to make it to your bank account. There might also be a settling period that you’ll have to wait before you can move investment funds from Robinhood to your bank.

Transfer money from Robinhood to the bank by logging into your Robinhood account, linking your bank account, and selecting the transfer funds option to move your funds to the bank.

Money Transfer App

There are many money transfer apps out there. Each comes with its own fees, qualifications, and features. Some are also easier to use than others.

  • Xoom
  • PayPal
  • Venmo
  • Ria
  • Chime
  • Zelle

Wire Transfer

Wire transfers are different from money orders in that they aren’t sent through the mail and they aren’t sent or picked up in person. Money orders are useful for when you need to safely send or receive physical funds. But wire transfers can be faster and more direct.

How to Wire Transfer Money

You can wire transfer money at your bank or through a third-party wire transfer service like PayPal. Some money orders can also be done electronically if you have the right wire transfer information for where you want to send the money.

Bank wire transfers require a government-issued ID, access to the online accounts involved in the transfer, bank account number, the recipient’s name, contact information, the name and address of their bank, and their bank’s wire transfer number.

Usually, you’ll have to fill out a form with all this information when completing a wire transfer with your bank.

How Long Does a Wire Transfer Take?

A wire transfer should only take a few minutes to deposit. This is the primary benefit of wire transfers. They can be very immediate and send funds directly between accounts.

How Long Does an International Wire Transfer Take?

International wire transfers can take a bit more time than domestic wire transfers. Domestic means that the wire transfer took place between accounts that are both in the same country. An international wire transfer takes place between two accounts that are each in a different country.

Because international wire transfers cross national borders and might even occur between banks that only exist in their resident countries, they can take a bit more time to process. You can expect an international wire transfer to take up to 15 days to complete.

When you need to move funds around, money transfers, money orders, and wire transfers are essential. They may seem complicated, but once you have the proper accounts linked, they’re usually pretty easy.


Sources


Nerd Wallet. “How to Transfer Money From One Bank to Another,” by Margarette Burnette.

Learn How-To. “How to Transfer Money from One Bank to Another,” by Kevin Parker.

Tech Boomers. “How to Transfer Money to PayPal.”

PayPal Help Center. “How do I add money to my PayPal account?” “How do I transfer money to my bank account?”

Venmo Help Center. “Adding Money to Your Venmo Balance,” “How to Transfer Money to a Bank Account.”

Apple Pay Support. “Add money to Apple Cash,” “Transfer money in Apple Cash to your bank account or Visa debit card,” “Send and receive money with Apple Pay.”

Nerd Wallet. “How to Wire Money,” by Spencer Tierney.

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