Kevin Payne, Daphne Foreman. Contributor, Editor. Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Here are eight ways you can send money to family and friends fast. PayPal Fees: None for U. Here are a few other options to consider: Wire transfer. Most banks, credit unions and other financial institutions offer wire transfers.
You may have to pay a fee to send or receive a wire transfer, depending on your bank. Gift cards. Prepaid gift cards act as a debit card in many ways. Some gift cards have restrictions on where and how you can use them. You also can write a check and send it to family and friends by mail. Keep Records Keep track of any money you send to loved ones.
Bottom Line Sending money to loved ones is more convenient than ever before. Was this article helpful? Share your feedback. Send feedback to the editorial team. Rate this Article. Thank You for your feedback! Something went wrong. Please try again later. Best Ofs. Banking Reviews. Banking Recommended Reading. More from. Napoletano Contributor. By Ben Gran Contributor. Information provided on Forbes Advisor is for educational purposes only.
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Instant Transfers usually take just a few minutes depending on the bank, said PayPal, while debit card transfers can take up to 30 minutes.
The new feature will be accessible to US users at first, but PayPal expects an international launch in the near future. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy , which we encourage you to read.
Discussion threads can be closed at any time at our discretion. That waiting time can be excruciating - particularly for those in the digital economy with variable cash flow.
But what if we told you there is a way to access your money faster? PayPal announced their Instant Transfer feature in as an expansion of their current payout features. Now you can transfer money between your PayPal wallet and your bank account or your debit card within just 30 minutes. A standard transfer from your PayPal account can take days to reach your bank accounts.
That goes for both individual account users and merchant account users. Very annoying! This is as close as you can get to real-time payments for online transactions. Since launching in , the payment giant rolled out the instant transfer feature for bank accounts worldwide - not just US accounts. Account holders in most developed countries can now have instant cash. You can then run off into the sunset with your hard-earned cash at a fraction of the waiting time. We do love PayPal, which is why we have them as an accredited payment processor on our platform.
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