Ben Todd | Jun 3, 2017 | 2
How to Send Money to Someone Without a Bank Account
Want to know how to send money to someone without a bank account? There are a few ways you may do it, but I have listed the pros and cons of the most popular and most suitable methods. I am aware that there are a lot of money transfer companies out there that do the job of transferring money, but many of them rely on the fact that a user has a bank account to either sign up for an account or to withdraw the money from the account.
This article offers a number of different solutions that will allow you to send money to someone without a bank account. I would suggest that you do your best to send the money electronically. If your recipient is unable to get a bank account because of poor credit, then have your recipient take a look at the link I have added to the bottom of this article.
Hand It To That Person
Keep it simple and hand your cash to another person if you wish to send money to someone without a bank account. That person will not need a bank account to take and use the cash, and it is as quick as you make it. It may be a little inconvenient for you if you have to draw money from an ATM, and there is no protection proving that you gave the money to the other person. Nevertheless, it is a very simple way of getting money from one person to another.
- The process is as quick or slow as you make it
- You know the money changed hands because you are there
- Get the pleasure of personal contact with the recipient
- It maybe more convenient if you have the cash on you
- A reasonably good idea if the amount being handed over is small
- You have to be close enough to visit the person and hand over the cash
- There is no money trail that proves you gave the money to the other person
- You put yourself at risk when carrying around larger amounts
- Not very convenient if you don’t have the cash on you
- It is a bad idea if you are handing over a large amount
If you are giving the money to somebody with the hopes of getting it back one day, then giving that person cash is probably a bad idea. In small claims court, you are going to have to prove that you gave the money and that the other person received it, and it is tough to prove if you hand the person cash.
Biggest Selling Point
If you want to give money to somebody without leaving a paper trail or money trail, then giving it to that person in cash is probably one of the best ways. There is no evidence of the money passing from one electronic account to another, and it is your word against the other about if the money was given.
If you wish to prove that you handed over money, then you will have to get some sort of proof such as a receipt or confirmation. If you are lending money to another person, then handing over cash is a very bad idea because you need as much proof as possible that you handed over the money. An electronic transaction offer extra proof that the money transfer occurred.
The last thing you want to do is send hard cash through the mail because it is dumb. However, there are other ways to send money to someone without a bank account by going through the mail. You have to convert your cash money into something else such as a check, cashier’s check, or money order. Post those items through the mail and you will enjoy more protection.
For the record, sending cash money in the post is not illegal–it is just dumb. People think that sending cash money through the post is illegal because they are stupid enough to believe what they read on Facebook, just like how people are dumb enough to think that inoculations cause autism. Don’t join the dumb ones. Stop believing what you see on Facebook. The other day I saw a Facebook post about a bunny island in Japan. All the rabbits were young, healthy, and very tame…because it was a rabbit farm where rabbits are harvested for their fur. People on Facebook were actually asking where they could book a holiday to this magical bunny island. I thought at least one of them may have questioned why all the workers and “visitors” were middle aged Mexican men with dirty hands and dirty smocks.
- Posting a money item is fairly easy
- The money item should be safe because the recipient’s name is on it
- Money items are more difficult to steal and use than hard cash
- You may be able to regain your money item if it is lost in the post
- It is nice receiving money items inside of birthday and celebration cards
- International money orders may make sending money abroad a little easier
- Converting your cash into a money item is inconvenient
- Your money item may be intercepted and stolen/forged
- You have less proof that you sent the money item
- Your money may be irretrievable if stolen and forged
- It takes quite a while before your recipient receives the money
- Sending by post is a dying transfer method
Biggest Selling Point
In my personal opinion, one of the biggest selling points, and maybe one of the few legitimate reasons to send money to someone without a bank account through the post, is to surprise someone on a special occasion. If you are a bit of a pragmatist (or a bit of a misery), you may find birthday cards a little pointless. Yet, it is always fun having money drop out your card when you receive it. Just make sure that the cash money is converted into a money item that has the recipient’s name on it.
There is the risk that the money item will be lost of stolen in the mail. It is more difficult to steal and cash a money item because such items have the recipient’s name on them and therefore need molesting before they are cashed. Nevertheless, mail theft still happens and there is a risk you will lose your money. If your money item is lost in the post and has not been cashed, then there is a chance you may get your money back. Still, the risk of loss and theft is real enough to become this transfer method’s biggest downside.
Want to send money to someone without a bank account, then consider PayPal. It is an online wallet that may be used for a variety of money-related tasks. It is primarily used for buying things online and offline, and is used for transferring money from people-to-people, and from businesses-to-people. You only need the other person’s email address and you may send that person money.
If you send money to another person using your PayPal account, then that person will not be able to withdraw that money into a bank account because that person doesn’t have a bank account. However, the balance shown on a person’s PayPal account may be withdrawn into a series of different types of account–it doesn’t have to be a bank account. In addition, PayPal will issue a debit/ATM card to people in certain states, so your recipient may be able to spend and withdraw cash money if he or she has a PayPal account. Finally, the recipient may be in a position where he or she is unable to withdraw the money, but he or she will certainly be able to spend the money using phone technology and by making purchases online.
- You can send to your friends and family for free
- It is a very fast way of sending money
- Keep your balance without paying any sort of fee
- Loading money into your account costs you nothing
- PayPal users may be able to use a debit or ATM card
- You can use PayPal to pay in many different online shops
- Mobile technology allows some PayPal users to pay in shops with their phone
- PayPal is a very safe and secure way to transfer
- You have a money trail showing where your money went
- You can send money in a number of different ways
- Pay for things and transfer money without entering your card details each time
- Some people in some states are unable to get the debit/ATM card
- Send money the incorrectly and the recipient pays a fee
- Some security checks are a little annoying
- Keep changing your password to protect your money
- The other person needs a PayPal account
- Their currency conversion rates are not very good
Biggest Selling Point
The popularity of PayPal is one of its biggest selling points. The fact that most people have a PayPal account is a big plus, as is the fact that so many online businesses accept PayPal. Signing up for PayPal is very easy, and there is a strong chance that your recipient already has a PayPal account.
If you cannot get your hands on a PayPal debit/ATM card, then turning your money into cash money may be difficult. It is possible to withdraw the money into a number of different accounts, which means people without a bank account are able to withdraw to other accounts.
The Google Wallet is very similar to PayPal because it is also an online wallet for your money. It also allows you to add different bank and credit cards to it that allow you to fund your account, and it also allows you to send and receive money. The Google wallet is like a less popular version of PayPal that isn’t as widely accepted and doesn’t have as many users. Nevertheless, if your recipient doesn’t have a bank account, but does have a Google wallet account, then the Google wallet may be a good way to send money to someone without a bank account.
- Sending money from one person to another is fairly simple
- You can send money to another person if you have their linked email address
- There are no fees for transfers of money
- Google is popular enough so that people trust it
- A nice option if the recipient is already a Google tools and products fan
- It has a very clean and intuitive interface
- Get your own ATM or debit card from them
- Send cash through SMS messages too
- Getting money out may be difficult for some people
- You may have to spend the money or transfer it on if you don’t have a bank account
- It is not as popular as it should be
- The NFC payments have been moved to Android Pay
- May be axed in the near future
- Good for paying people but not for paying businesses
Biggest Selling Point
It is a little unfair to say it, but its similarity with PayPal is probably its biggest selling point in my opinion. However, I suppose that its ties with Google is probably a bigger positive for some people. It makes buying from Google a lot easier, and that fact may suit many Google fans.
The fact it has not been adopted by numerous large retailers is a problem, but the biggest problem I can think of is that it will probably get the great Google axe at some point in the near future. I mention this because they have cut things out of the service. They have cut online coupon management, loyalty program management, and gift card management. Google has also cut NFC payments from the Google Wallet service. It is almost like they are draining the body of its blood before tossing it into the fire.
There are 101,000 Western Union branches that are spread out among 185 countries. Most people use Western Union to send money to other countries and to convert money to different currencies. However, you are able to send money to different branches in the USA even if you are living in the USA. You are able to send money to be picked up in cash in branches around the country, and they have an express service where you may send money to be picked up quickly. There is a next day service, and a service that sends money to your recipient’s bank account. You may send money to a mobile phone’s online wallet, and you may even send money to a convict. It is a reasonably good choice if you are looking to send money to someone without a bank account.
- Have your recipient pick up the money in cash
- Send money to branches dotted around the country
- Their fees for sending are reasonable
- Send money in cash by walking into a branch
- You can send money with the help of their clerks
- Send money from your bank and have it picked up as cash
- A local branch near you and your recipient will be very convenient
- You are going to have to pay fees for sending the money
- The recipient will have to pick the money up at a branch
- Their disclaimer means they are not blamed if the money goes missing
- Scammers are always finding ways of exploiting Western Union
- It is inconvenient if there is not a Western Union nearby
Biggest Selling Point
The fact it is a named brand is good, but I especially like the fact that the recipient is able to pick up the money in cash. There are plenty of branches around the country, but using Western Union becomes inconvenient if there is not a branch nearby. It is also inconvenient when you consider that the recipient may only pick up his or her money when the branch is open, but these slight inconveniences do not change the fact that the ability to pick up money in a branch makes Western Union a great choice if you wish to send money to someone without a bank account.
It is probably the fees. It is not a big problem, but the company is going to charge you fees to use their service. One should expect a company such as Western Union to charge fees, but there are other money transfer methods that do not charge fees. Despite the fact that Western Union charges fees, I still think they are a solid choice for people who wish to send money to someone without a bank account.
Walmart allows you to send money to places like the Philippines and Mexico, and it allows you to send money to someone without a bank account within the USA. You are able to send online money transfers, but you are also able to send money to Walmart stores so that it may be picked up in cash. If you go into a Walmart branch and pay for a transfer with cash or a card (in store), then the recipient is able to go into a Walmart store and pick it up right away. If the transfer is paid with a checking account (usually online), then it takes three days for the money to clear and become available.
- Walmart’s fees are not bad and not great either
- You can send up to $6000 per month
- Pickups may happen in Walmarts and in MoneyGram locations
- A cash pickup may become available in just a few minutes
- There are plenty of locations where money may be picked up
- The transfer process is fairly simple
- The recipient must show ID in order to maintain security
- You are going to have to pay a fee for your transfer
- The recipient needs to be able to access a suitable branch
- It is inconvenient having to pick up the money in person
- Scammers are always finding ways of exploiting the Walmart system
Biggest Selling Point
There are Walmart and MoneyGram locations in almost every town. Many towns have more than one location where you may send money and where you may receive money. Even if the idea of sending money for cash pickups starts to die, the number of Walmarts will remain the same.
I realize that this comment is a little unfair, but Walmart is targeting the unbanked and under-banked community, (Walmart’s CEO’s words). In that case, they need to lower their fees a little. If they are targeting people who are probably having financial trouble, then lowering their fees a little seems like the moral thing to do. That is Walmart’s only real problem when it comes to money transfers because their service is otherwise terrific.
Conclusion – It Is Now Up To You To Pick Your Solution
If you know the person and/or you see the person often, then handing over the money may be suitable. Many people still send money items such as checks through the post, and that may be suitable for you. PayPal and the Google Wallet are a good option if your recipient is able to access and withdraw or spend the money you send. If you wish to transfer money and have it picked up in cash, then Walmart or Western Union are good options too.
If your friend, family member or recipient doesn’t have a bank account, consider getting them to sign up for a prepaid debit card because they often do not require a good credit rating. In addition, your recipient may like to take a look at our Best Bank Accounts for Bad Credit article because he or she may be able to get a bank account if he or she is willing to pay a monthly fee for it.