How to transfer fast to bank accounts
There are a lot of options for sending someone money online. The fastest way to make sure that they get their cash is to transfer the funds straight to their bank accounts. If you do plan on going this route, here are a few ways that you can do so:
The most straightforward way of sending someone funds fast to their bank accounts is through your bank. This method is even easier to do if the recipient’s bank account is through the same bank as you so that the processing of the payment transaction will be even faster.
You don’t even have to go to your actual bank to do this. You can use your online bank to process your transactions faster. All you have to do is link the account of the person you are sending the funds to. If you are sending the money to an account that is held by another bank, you will have to put in the bank’s routing number as well.
There may be additional fees involved in doing this method, but it depends on your bank and how much money you are planning to transfer.
Money transfer services
There are certain money transfer services that can send your funds directly to a recipient’s bank account. This method may also be faster than going through your bank since bank-to-bank transfers can take as long as three to five business days for some institutions. However, using these types of transfer services come with fees per transaction. The amount that you will have to pay depends on the amount of money you will be sending.
You can find local credit unions and other banks to do the sending for free. But if you plan on doing international transfers, this may not be an option for you.
Online payment solutions
The easiest and cheapest way for you to transfer funds to bank accounts is through online payment services. You can use apps and other payment tools to send money to a recipient’s bank account in just a matter of minutes. What’s more, is that these secure online transactions don’t cost you each time you plan on sending funds. They will only cost you how much it would take for you to keep an account open for that online payment solution.
There are also payment solutions that offer you the option for you to fund any debit or credit card that is a MasterCard, Visa, or UnionPay. With this method of sending to a bank account, the person you are sending the money to won’t have to go through the motions of withdrawing money from their account. They can just use their debit or credit card within minutes of you sending the funds through.
You can also send your funds through P2P transfers through other online payment vendors. These transactions are usually inexpensive and allow you to send the money straight to another person’s e-wallet. If you have the e-wallet of one of the best money services, you’ll get to pay with ease.