We live in a day and age where almost everything is within the palm of our hands. It takes just one tap to order groceries for our day-to-day lives with the help of smartphones. However, when it comes to money transfers, the situation isn’t quite the same.
Every one of us leads a busy life, we always want to send money super quick and super easy. Whatever the reason, when we transfer money abroad, we always want to be on the lookout for the best arrangement to do so. People are gradually relying more and more on instant money transfers and are always on a search for them.
Most banks use a verification code as security before transferring money. But verification can also sometimes take a while. In some cases, verification codes can even take up to more than thirty minutes due to unexpected server issues, power outages, and human error, etc.
Although, send money from a bank account with a verification process is the most valid and legit way. It allows you to make deposits and withdrawals most safely yet troublesome. We strongly recommend choosing the banking option. You can go for others options unless you find any valid banking way. Today we will talk about some of the other reliable and affordable methods to send money without bank account verification.
Best Low-Cost Ways To Send Money Without A Bank Account
There are some low-cost and alternative ways to send money without having a bank account. A sender might expect that receiver also has a bank account to receive the money. But, unfortunately, many people don’t have a bank account.
Only 9 million have a secure money transferring account. Fortunately, 20 options to transfer money without having a bank account. The cheapest and swift ways to transfer or send money to someone without a bank account are detailed below. This might help you look for an option as an alternative to bank money transfer.
1. Mobile wallet
Money transfers are becoming easier and convenient. The mobile wallet can make your transfer convenient and hassle-free. In this way, users can store payment card information. Sounds interesting right! It is a digital form of business-consumer relationship. Numerous payment-processing terminals are available that accept mobile wallets.
It is found in almost all stores of U.S. Samsung Pay and Apple Pay and e-commerce company Shopify has already adapted this convenient system mobile wallet technology.
|Time-saving method||Poor internet connectivity|
|Secrecy of data and information||Not universal|
|Users can store multiple card information in it||Useless without mobile|
|100% customer satisfaction rate|
2. Money Order
All of us are quite familiar with bank checks. Money order works the same way. The difference is it’s linked with any bank account. As an alternative, you need to buy one to send the fund to your receiver. Right after you can sign in and send an email to the recipient who will give an amount of cash as an exchange for it. Grocery stores, Post office, Walmart, and CVS sell money orders.
Also, it is available with a minimum cost of around $2. So, besides mailing the full cash within the bank account, you can also consider money orders as a safe alternative.
|Can easily track||Can be modified easily|
|Bank account is not necessary|
We are all familiar with Walmart’s retail system but, most of us don’t know about the money transfer process of Walmart. You must be wondering, is it reliable or not? Well, it is completely secure to send money through Walmart both nationally and out of the borders.
Walmart allows you to send money from one of its shops to another and the fee is also very low. You can send up to $2500 for a fee of only $18. This is a good solution for people who want to transfer money quickly.
Both domestic and international money transfer processes of Walmart are powered by RIA and MoneyGram. You can send money from your nearest Walmart store or Walmart mobile app.
|The fastest way to send money in the US||Unnecessary cost needed to reach Walmart store|
|Numerous features and facilities||Not convenient as other money transfer service providers|
|Extensive network capabilities|
4. Western Union
Western Union is one of the most renowned and trustworthy money transfer services. People have been using the services of western union for more than a century. There are plenty of ways to send money through the western union.
You can send the money through the western union app online, you can also call the western union office to set up a money transfer, and lastly, you can just go to any of the 500,000 western union locations worldwide to set up a money transfer. All methods of money transfer are quite easy and flexible.
Safe and professional as it handles more than 1.7 million transactions in a day. Also, it offers company and person-based facilities. Such as Fast Pick, business solutions from Western Union, Easy Pay, Fast hire, and Netspend Prepaid MasterCard.
|Trustworthy and secure||Lack of transparency|
|Widespread network coverage||Quite expensive for international transaction|
|Multichannel transfer network||Multiple sending channels create a hassle for some country|
|24/7 customer service|
PayPal is the best, and by far the most popular money transferring app there is. With PayPal, you can send money to people in 190 countries. Also, you don’t need a bank account to create a Paypal account. An email address and a phone number are enough to send money. Due to this easy system of making an account and instant money transferring, PayPal is most people’s choice for an instant money transfer app.
Familiarity and good fame is the main reason that almost every US citizen has a Paypal account. No extra charge is needed to send money. The international fee is 2.9% of the transaction for both debit and credit cards.
|Low transaction fees||Bad exchange rates|
|Request money and send invoice feature|
|No country limitations|
Venmo is also one of the more famous money transfer apps. Just like PayPal, you can also send money to someone using only their email address or phone number. All you and your recipient have to do is sign up for a free account and that’s it. You can also add friends in this app just like social media, this way, you can send money to people regularly even faster.
For group pay, Venmo is the most convenient way. The Cost of Venmo is very reasonable. It only costs a 3% charge if you want to send money through a credit card.
|Well-designed and organized app||Only available in the USA|
|Probably the best app in town to send money||Slow email-based customer service|
|Both send money and receiving money is absolutely free|
7. Square Cash
Square Cash now known as Cash App is also an amazing app to send money to someone instantly. All you have to do is to create a free account and know your recipient’s email and that’s it! And the best part is, the person you’re sending money to do even need a Square Cash account to receive the amount. Currently, it is one of the secure, feature-rich, and advanced methods to send money.
|Super easy and secure||Interface is a little bit confusing|
|Great name recognition||Lack of Wi-Fi compatibility|
|Great features facility||Not ideal for multinational companies|
|No monthly fees|
8. Snapchat Snapcash
Yes, you heard it right! Money can be transferred with Snapchat. It is one of the well-known and swift ways to transfer money in the USA. More than 2 million people in the USA use this method to send money. The setup and criteria of this method are very easy. So that it gives a good competition to other money transfer providers available in the market.
The weekly send limit of this method is up to $250. Yet, you can exceed the send limit by entering some additional security information. There is no charge or hidden fees required to send money.
|Convenient and laid-back method||Only available in the USA|
|Best suited for family money transfer||You can only link your debit cards to snappish|
|More convenient than Facebook messenger payments||Paypal accounts are not accepted|
9. Prepaid Debit Cards
If you are searching for the easiest alternative to money transactions without having a bank account then using a prepaid debit card will be my first recommendation. You can easily find this in different retailers or gas stations. Convenience stores also allow you to use these cards.
Sounds amazing right? In this transaction, you just have to pay what you want to put inside the card. As easy as it sounds. Transfer big amounts and starting direct deposit are also offered prepaid cards transactions.
|Most traditional and ideal method||Risk is bit higher|
|Privacy of both Personal and financial information||Lack regulatory constraints|
|Eliminate the risk of loss and theft||Charge monthly maintenance fee|
Send Money Safety Tips
- Make sure you enter the correct information before sending an amount.
- Pick the ideal financial institution for you.
- Do not share your transaction information with anyone.
FAQs – Frequently Asked Questions
Which way is best for sending money?
Well, In terms of security Wire transfers are the best way to send funds. During this process, one can transfer an amount securely directly from one bank to another. Also, no third party is included through the transfer. So it’s quite satisfying to send money without any people’s intrusion. If you want another secure option then Venmo can also be considered as a secure way to money transfer.
Bank accounts that allow opening an account without account verification
Yes, some bank accounts allow people to transfer without any verification. You can easily transfer money from outside the USA. These banks will allow you to transfer money without any verification code or routing number. American Heritage Federal Credit Union, Bank of North Carolina, Consumers Credit Union, Lake Michigan Credit Union, Northwest Federal Credit Union, Susquehanna Bank are associated with bill pay to transfer money without any verification code.
Which is the most secure way to transfer money in the USA?
Currently, WISE, MONZO, and Western Union are the most secure and reliable methods of money transfer in the USA. With the help of these methods, one can easily transfer money over long distances. Though, in WISE and MONZO you need to give a verification code. MoneyGram is also the most used and reliable way to pay bills and send money.
How to track Walmart 2 Walmart Money Transfers??
The reference number of each transaction can help you to track your Walmart2Walmart Money Transfer. If you face any difficulties or major issues, you can call RIA’s customer helpline at 1-855-355-2144. It is 24/7 available.
How long does a Direct to bank account Western-Union money transfer take?
It usually takes four to five days. Though, “Direct to bank account” money transfers always vary from country to country. If one enters the bank details correctly it will not take more than 5 days.
Worldwide pay-pal and western union are the most improved and swift ways to transfer or send money from the bank account without any verification code. Premium and loyal customers of these methods don’t have to give any verification code during the transaction.
Also, it allows every user to keep their payment account and transfer money instantly with a couple of clicks. Truth be told that transferring money with a confusing verification code is difficult and scary but these alternatives methods are designed to make your life easier.
We always suggest sending money electronically as it is the quickest and most secure option. Therefore, if you are also struggling with the money transfer process and have an issue with the verification code, these methods are the ideal options for you.
We hope we were able to help you ease the questions and concerns about money transferring without having a bank account or without facing the verification code. Once you finish reading this article, you might have all the solutions when you send money from the bank account without verification.