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How to Send Money to Someone Without a Bank Account?

A bank account is a kind of financial setting that allows a customer to deposit, receive, or send money. It is unique for each customer whereby each one of the available customers has a bank account number distinguishing them from the others. However, without a bank account, there are options on how to send money to someone without a bank account. It is an easy process that can take minutes.

Sending money to someone within your country may take a shorter period for the funds to reflect in the recipient’s account. However, if you are sending money across borders, the funds may take several days before the recipient gets it. People working from abroad can send money to their loved ones in their countries by using various means from different companies such as PayPal, Western Union, Payoneer, and Skrill, among others.

Before sending money, you should ensure that you have the account number of the recipient. In addition, you should ensure that you have the routing number for the recipient bank. The routing number defines the bank receiving the money. Moreover, you should know how to transfer money using the routing number and account number. The relevant information about sending money is available at the bank you intend to use.

Can I Receive Money without the Internet?

Send Money to Someone Without a Bank Account

You can send money using your phone even when there is no internet. The method has succeeded in countries such as Kenya, Uganda, South Africa, and the United States of America among others. There are several things you should do. These include the following.

  • Include your phone number when registering for your bank account. You should share your number with the sender.
  • Next, get MMID from your bank. MMID means Mobile Money Identifier. It refers to a seven-digit number that is unique and allows you to make immediate payments. You should also share the MMID with your receiver.
  • Wait for the sender to send money when you are ready.
  • Upon receiving the money from your sender, you will get an SMS confirmation about the transaction.

The method is fast, secure, and convenient. It has helped many people in the whole world. However, it requires you to have a bank account.

How do I send money Without a Bank Account?

The truth is that you can send and receive money without a bank account. But how do you do it? If you lack a bank account and you would like to send money to your loved ones, do not freak as you will discover tactics of doing so here.

For instance, there are several options you can use to send money to someone if you lack a bank account. Some of the available methods include the following.

1) Creating an E-wallet

An E-wallet means an electronic wallet. You just need to open an online checking account with companies such as ecoPayz. Signing up for such accounts is fast and straightforward as long as you have internet access. ecoPayz is easy to use and does not charge you unnecessary charges. Having an account with the company enables faster sending and immediate access to funds by the recipient.

Creating an E-wallet is fast, as many companies do not need to check your credit history. Moreover, it does not require you to have a bank account. Upon creating the account, you start using it immediately. Your recipient can also access funds instantly. Moreover, sending and receiving money is free so long as you and your recipient have an E-wallet from the same company. However, a currency conversion may attract charges.

E-wallet is the easiest way to send money with checking account number. Remember that before utilizing the account, you have to recharge it with a substantial amount of money from a bank. Any bank can help you to load an E-Wallet account. Remember that, apart from using the account to send money, you will also be able to shop online for your favorite goods such as clothing, electronics, or even utensils.

2) Use Prepaid Card Services

Prepaid services are becoming popular day by day. One of the primary reasons why prepaid services are gaining popularity is the fact that you do not need a bank account to have the card. Also, you do not need to have any credit history. After all, you will have to load the card with money. So what is the need to have a credit history anyway?

For your information, a prepaid card is a type of card that you can load money to use for online shopping, pay bills, shop at physical shops accepting the card, or even send money to someone. It resembles a credit card in appearance.

However, a credit card is different from a prepaid card in that the money you use is a debt that you have to pay later. For a prepaid card, you can only use what is in your account unless you have an arrangement with your issuer for an overdraft. Most companies issuing prepaid cards allow you to have an online checking account that you can operate using your smartphone.

You can send money from a checking account instantly to someone in any country of the world that supports the service provider. Some of the standard prepaid cards include Bluebird by American Express, NetSpend Visa Prepaid Card, Chase Liquid Prepaid Card, and Movo Virtual Prepaid Visa Card, among others.

You need to understand that; there may be charges that you require to pay. It all depends on your service provider. The most popular prepaid cards service providers include Visa, MasterCard, Discover, and American Express.

3) Use Money Transfer Agent

Money transfer agents were there before the evolution of E-wallets. If you need to transfer money to someone and you lack a bank account, then you should worry less. What you have to do is just to visit an agent near you to send money. Agents allow you to send money either domestically or internationally.

Upon paying the money to the cashier, they initiate the process of sending the money to your recipient. In most cases, they give you a PIN which you should share with your recipient. Upon sending, alert the person who is receiving the money to go to the pick-up point of the company you are using. Often, the pick-up point is within a bank.

There are essential security measures you should follow. First, choose a reputable agent to help you send money. This enables you to avoid fraud as some of the agents are not trustworthy. Others are just pretenders who cheat that they want to help you send money only to steal from you. You need to be very careful. The most reputable companies include MoneyGram and Western Union.

As for me, I can recommend Western Union. It is fast and secure. MoneyGram is also good, although I have never used it. With MoneyGram, you can buy gift cards online with a checking account. In most cases, MoneyGram may require you to use your prepaid card to send money.

4) Send Money via the Post

You can send money via reputable posting companies such as Wells Fargo courier, G4s, or even through your local postal office. To do this, you need to convert the funds into a cheque. So you have to deposit the amount to send in a bank and get a paper cheque. After that, take it to the posting company near you. You will have to pay the delivery fee that is not that much.

Sending money via a postal company may apply for both domestic and international deliveries. A company like DHL delivers goods and parcels almost all over the world. You should be able to track the cheque as the company delivers it to the preferred location. Companies without a tracking option may not be reliable since you will not know when your parcel arrives.

Once the cheque arrives and you receive a notification about the arrival, you can then alert the recipient about it so that they can go to collect. They also receive a notification as well as in most cases; you have to provide their address and phone contacts. To get the money, the recipient can deposit the cheque in the intended bank to get the money. Cheque processing may take up to three days to mature, after which the funds can reflect in the receiver’s account.

5) Deliver the Money Personally

If the recipient is not far from you, you can decide to take the money to them in person. If it is in the bank account, you can withdraw and take the money to them. It is more trust able as it is you handling the money. There is no party in between you.

The only disadvantage is that the method may be insecure in that you can have the money robbed. If thieves get information that you are having a certain amount of money with you, you might find yourself facing attacks. The only way to avoid this is to keep the whole issue a secret.

Bottom Line

The ability to send money without a bank account has helped many people across the world. Sending and receiving payment using an E-wallet has revolutionized how people exchange money. Moreover, the availability of other methods, such as money agents and postal services, has proved that you do not need a bank account to send or receive money. However, you should be extra cautious about using a reputable company when sending your hard-earned money.