You can electronically deposit money into another person s bank account by transferring money from your account western union or your paypal account. Provide the other bank s routing number and your account number at that bank.
A manual process where the recipient or possibly you can deposit your money into their bank account.
How do you transfer money to someone else s bank account. Bank or wire transfer. You might find those options or something similar in your bank s customer service or transfers menu. These types of transfers can be done at a branch by phone or online and will generally require the recipient s bank account number and possibly their bank s institution and routing numbers.
For example if you want to transfer 100 from the penny credit union checking account in the previous example to your hoarder bank savings account grab your credit union checkbook and fill out a check for 100 addressed to yourself. Transferring money to someone else s bank account. When you fill in a personal check and write a recipient s name on it that person can deposit the check into his or her own bank account.
You can buy a money order at banks and credit. Depending on when you send it the funds will arrive at the other bank on the same day or within one business day. The money will then be transferred from your bank account to theirs provided that you have sufficient funds in your account to cover the value of the check.
Log in to the account you plan to send money from and look for an option to add an account add external accounts or link accounts. Make a bank transfer most banks allow online banking customers to make online transfers between bank accounts even if the account belongs to someone with a different financial institution. Send money directly from your bank account to another bank account.
The borderless account by transferwise for instance allows you to wire money online using your bank account to someone else s account in a day or two. If you need to transfer money from your bank account to another person s bank account there are new options all the time. If you re transferring money to someone else s account and you want to do it quickly a wire transfer is probably the best option.
You can also transfer money from one bank account to another by simply writing yourself a check. If you don t want to use a personal check to deposit money into someone else s account sending a money order is an alternative old school option. Bank or wire transfers are among the most common ways of sending money domestically.
Maybe you ve heard of the loads of new apps and services that let you transfer money. Using a service that allows your recipient to withdraw money into their bank account.