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If you have ever needed to transfer money to a friend or family member, you know the importance of being able to send money instantly. While some banks allow customers to transfer money to account holders at other banks, this method is not usually instant. Fortunately, this is not your other option. There are ways to transfer money quickly and inexpensively.

Three Ways to Send Money Instantly and Inexpensively

One of the easiest ways to send money is through PayPal. If you have a Paypal account, you can transfer money to your bank accounts, as well as to other users. Transferring money from your bank account into your Paypal account costs nothing. Sending money to another user will cost a small fee. You can choose to pay the fee yourself or charge it to the recipient. Either way, the transfer is instant.

Western Union and MoneyGram also allow users to send money instantly. You can either go to a location that offers these services, call, or transfer money online. With either service, the recipient will be able to pick up their cash within minutes. While recipients do not need to pay anything to collect their money, they will need to provide identification. It is also important to know that you will be charged a fee to send money via Western Union and MoneyGram. Still, fees are generally reasonable. Money can be sent to recipients in the United States and Canada, as well as many other countries around the world.

If you want to send money without being charged, you might need to deposit funds directly into the recipient's bank account. To do this, you will usually need the account holder's name, account number, routing number, and the name of his or her bank. If you have this information, you will usually be able to go to the recipient's bank and deposit money directly into his or her account. Many banks also allow account holders to instantly transfer money to other customers at the same bank.

If you need to transfer money instantly, you have several different options. Before transferring money, carefully consider your options and select one that will allow you to transfer money inexpensively and within your chosen time frame.

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13y ago

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