How can I transfer money to someone else's account?

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asked Jun 23, 2022 in Other-Finance by Twinkletoes (530 points)
How can I transfer money to someone else's account?

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answered Jun 29, 2022 by 5iabarger (3,210 points)
You can transfer money to someone else's bank account by going online to your bank account and looking for a money transfer option.

Then enter the persons bank account and routing number and then the amount of money you want to transfer to their bank account and then send the money.

The exact way to send the money to someone else's bank account depends on how your bank accounts website is set up.

Some other ways to transfer money to someone else include.

A wire transfer is a safe way to transfer money from one bank to another.
Using money transfer apps, you can send money to someone else's bank account using the funds from your bank account, debit card, or credit card. ...
Similar to mobile transfer apps, online payment systems are quick, easy, and inexpensive.

A wire transfer is one of the fastest ways to transfer money electronically from one person to another through a bank or a nonbank provider such as Wise, formerly TransferWise.

For a domestic wire transfer, you'll need the routing number, account number, the name of the recipient and possibly the recipient's address.

In addition to the person's name, sort code and account number, your bank might also ask you for: Their address.

A reference phrase or number – this is often needed for bill payments.

The name and address of the bank you're sending the money to.

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