How to Send Money Easily

How to send and transfer money - Transferring money to someone with the same bank account is free and easy by using the bank. This process can be done online as the most convenient way. Use this list as a start before researching which method is the right one depending on who the payment is too and how much the transfer is for.

1. Banks

Transferring money to someone with the same bank account is free and easy by using the bank. This process can be done online as the most convenient way. Transferring money to someone at a different bank can be done through your bank as well. Some types of transfers will be charged a fee to the bank account holder so be sure to ask about any charges up front.

2. E-Mail Transfer

A newer type of money transferring is e-mail transfer. This process is not a large market so consumers should be sure to check and make sure companies are reliable and have established themselves in the market.

3. Money Orders

Money orders can be purchased from a bank, post office, or several businesses. These businesses charge a small amount to consumers for the ability to have an accepted money order written to pay for an item, or a bill. Renters of apartments and houses are sometimes required to pay each month with a money order. This way to transfer money is more accepted because there is no risk of the item bouncing like a check.

4. Personal Checks

One of the cheapest ways to transfer money or pay bills is by writing a personal check. While many people prefer to pay bills online, people can still write checks to transfer money from one person to another.

5. Cash

The lowest cost to transfer money is by paying cash. If cash is accepted form of payment it could be the best decision to use.

6. Western Union

Western Union is one of the longest existing money transferring companies in the World. The company is a low cost provider of transferring money to people in a different city, state, or country. The company is very reputable and could be considered for transferring money to another region or to a person who has limited banking or internet options.

7. E-Transfers

Using a routing number and account number online can help transfer money in a method similar to paying a bill. Transferring money is easy and cost effective with this method of payment

8. Paypal

Paypal, owned by Ebay, is one of the most popular, cheapest, and easiest ways to transfer money. By using the online site, users can transfer money to anyone with a Paypal account easily or to someone without an account as well. This option should be considered by anyone with a Paypal account to transfer money.