15 Best Ways to Send Money to Debit Card

With the rise of the internet and the steady advancement in the
mobile phone industry, sending money has become a lot easier. Whether you wish to transfer money locally, make payment, tip a family friend to pay for the purchase of goods and services, chances are that once in a while you will need to transfer money to someone else. Today, there are many options online for sending money to the debit card, and the process is not as cumbersome as it may seem.  

If you are still finding it difficult to find the right way to send money, continue reading this article to the end for a list of the 15 best ways to send money to the debit card.  

Best Ways to Send Money  

Many factors contribute when deciding the best way to send money. Some of the factors include where you are sending the money, charges, and speed of transfer.

Without further ado, the 15 best ways to send money are:  

  • Western Union 
  • Cash app 
  • Wire transfer  
  • MoneyGram 
  • Venmo 
  • Xoom 
  • OFX 
  • PayPal  
  • Google Pay 
  • Wise 
  • Zelle  
  • Walmart2Walmart 
  • InstaReM 
  • World Remit 
  • Ria Money Transfer 

Read: How to Activate Your Chase Debit Card

#1. Western Union  – Best transfer selections  

Undoubtedly, Western Union has grown to become one of the biggest money transfer companies today with worldwide service coverage. Western Union provides a variety of transfer options. one unique feature of Western Union is the price estimator tool that provides different sending channels, delivery, and payment options.

You can either use the website or mobile app to send money to almost anywhere in the world. Western Union users can send money from their debit card, credit card or send cash via a Western Union agent. 

Western Union services are available in about 200 countries and territories with more than 500,000 locations across the globe.

Note that, transfers are not cheap and may take a few business days to arrive. Few options offer same-day or next-day delivery.  

Reasons You Should Consider Western Union 

  • Far-reaching network of locations across the globe 
  • Many options for cash transfer 

#2. Cash App Best for offering referral bonuses  

Cash App makes it easy to send money for free from your linked bank account or debit card. It also enables others to send money to your debit card or bank account.

Cash App allows users to create their personal
$Cashtag or username to make it easier for others to find them and send them money.

One of the benefits of Cash App is that when people sign up using your
referral link and make a transfer of at least five dollars using their new app,
you receive a $5 bonus.  

Note that Cash App requires a functional bank account. When you receive cash, it shows up instantly in your app balance. However, it will take up to three days for the money to be deposited into your bank account if you wish to move the money to your bank account.

You can also send money to a debit card instantly. However, the service attracts a 1.5% charge.  

The maximum amount you can receive with Cash App per month
is $1,000. For those that wish to increase their receiving limit, more personal
information will be requested.

The information includes: 

  • Full name 
  • Date of birth 
  • Last four digits of social security number  

You can also send money using a credit card, but have in mind that the service will attract a 3% charge.  

Reasons You Should Consider Cash App

  • Not transfer fees 
  • $5 bonus for every time someone uses your referral code to sign up and send cash 

#3. Wire Transfer Best for domestic transfers 

Wire transfer is easier than it sounds and one of the oldest ways of sending money both locally and internationally. Wire transfers require
you to gather the information of the recipient, which includes full name,
account number, full address, and wire routing number.

For wire transfer, you need to show up in person at your bank. Local wire transfers made before the bank’s cut-off time usually arrive the same day while those made outside the cut-off time arrive the next day.

International wire transfers may take up to five working days to arrive depending on the recipient’s country.  

Note that wire transfers can be very expensive, ranging from $15 to $35 for local wires and up to $60 for international transfers. There are also, other factors that can add up to the cost of wire transfer, which includes poor exchange rates and flat bank fees.

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Sometimes, the wire transfer may involve other correspondent banks, which may likely increase the fees you will pay.  

Reasons You Should Consider Wire transfer

  • Domestic transfers can arrive within hours or less 
  • No further action is required from your recipient to get their money 

#4. MoneyGram – Best for fast money delivery  

With over 200 countries and territories, MoneyGram controls
a network of locations and delivers money within minutes. Their service is
similar to that offered by Western Union and receivers can pick up cash at
their location. MoneyGram stands out when it comes to fast cash delivery.

You can either send cash using the mobile app or the online channel to anywhere in the world and the recipient gets the money within hours or the same day at most.  

Note that sending money using MoneyGram can be very
expensive. On average, it can cost between $5 to $12 to send $200 to $1,000 in most countries.

There is also a mark-up rate of about 0.60% on the exchange
rate. The maximum amount you can transfer with MoneyGram is $10,000.  

Reasons You Should Consider MoneyGram

  • One of the fastest transfer methods to a bank account or as pick-up cash across the world 

#5. Venmo – Best for a mobile experience  

Venom bags some of the highest ratings when it comes to mobile experience with a 4.3-star rating in Google Play and 4.9-star on the Apple Store.

Sending and receiving money is free when you link a bank account to your app. You can also link debit or prepaid debit cards to your account with Venmo.

Using a credit card for transactions with Venmo will attract a fee of up to 3%. Venmo uses a P2P transaction method, which allows you to send up to $4,999.99 within a week. Transactions on Venmo also pop up (without the transaction amount) for reference purposes.  

Note that, while the money you receive via your Venmo pops up
instantly in your Venmo balance, cashing out to a bank account may take up to three business days. You can also send money to a debit card using your Venmo account.

The service usually takes around 30 minutes for funds to deposit into
the debit card and attracts a 1.5% fee.  

Reasons You Should Consider Venmo

  • It is highly rated for mobile devices 
  • It is free and easy to use and is also engaging socially   

#6. Xoom – Best for fastest money delivery (draw with MoneyGram) 

Xoom is powered by PayPal and specializes in transferring funds to over 160 countries around the world. Xoom allows you to transfer as much as 10,000 dollars, however, the higher your amount, the greater your waiting period.

For transferring high amounts, you will be required to provide more personal
details.

There are several ways you can transfer money using your Xoom account and they include:  

  • Debit cards 
  • Bank account 
  • Credit cards 
  • PayPal account payment method  

Transfer with Xoom usually arrives within minutes. Xoom collaborates with different banks abroad to enable users to receive their funds directly in their bank account. However, in some countries, can be delivered as pick-ups or mobile reload.  

Note that, transfer from one bank account to the other may attract fees with Xoom. Overall charges from transfer can also be on the high side if you use a credit or debit card. Xoom also offers a better rate for sending a higher amount of money to certain parts of the world.  

Reasons You Should Consider Xoom

  • Foreign transfer arrives within minutes for some countries 

 #7. OFX – Offers the cheapest rates for international transfers 

There are no outbound fees with OFX, no matter the amount you transfer. Also, OFX online transfer allows you to choose between making the transfer at the current exchange rate or targeting a future transfer rate—this
means that your money will only be transferred once the exchange rate is
equivalent to yours.

The markup for OFX is also very low and you can send money to over 55 countries from the United States using OFX services.  

Note that, the minimum transfer amount with OFX is $1,000 with no maximum transfer amount. Delivery of funds usually takes a few business days to complete.  

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Reasons You Should Consider OFX

  • Service does not attract any outbound fees.  

Read: How Does the Robinhood Debit Card Work?

#8. PayPal Best for highest maximum transfer amount  

There is no doubt that PayPal tops most of the other transfer methods in popularity. PayPal enables users to send money free via a bank account in the United States.

Unlike other providers, you can also send money using a debit card with PayPal at a 2.9% fee of the sending amount plus an additional 30 cents.  

Subject to your currency, your maximum transfer amount can
range from $10,000 to $60,000, which is greater than the weekly maximum for Venmo.

However, note that is more secure and safer to send a large sum of money through a bank so you enjoy FDIC insurance.  

Sending money from your PayPal account to a bank account usually takes 1 to 4 working days to process, depending on the time the transfer was initiated.

Funds processed at weekends or after 7 p.m. ET usually takes longer to process. You can also send money to a debit card via your PayPal
account. However, the debit card must be linked to the account.  

You can send and receive money using the mobile app or by visiting the official PayPal website. you can also go to PayPal. to create a private link
that family and friends can use to send you money. 

Reasons You Should Consider PayPal

  • Most popular in the world with over four million active accounts around the globe 
  • Offers the highest maximum amount for transfers 

#9. Google Pay – Best for its domestic transfer speed 

With Google Pay, all you need to transfer money is a QR code, the recipient’s full name, address, and phone number. Google Pay also has an in-app wallet and users can send money to the debit card directly from their in-app wallet. Google Pay has a maximum transfer amount of $5,000 for a week.

Users can fund their bank accounts and debit cards directly from their Google Pay account. However, the reverse is the case for credit cards and prepaid cards.  

Note that Google Pay is different from other money transfer services and apps. It covers hundred percent of all confirmed unauthorized
transactions.  

Reasons You Should Consider Google Pay 

  • Easy and free way to transfer money to debit card 
  • Best integration of payment services into the email

#10. WiseBest for ease of sign up 

If you are looking for a platform that offers convenience on both its mobile and online platform, Wise is the right way to go. Users can simply sign up with their Google, Apple, or Facebook accounts.

Wise exchange rates are usually guaranteed for one day and you can transfer money to over 80 countries using your Wise account.

Also, there is no exchange rate mark-up with Wise. Though, you will have to pay an exchange rate fee to initiate an
exchange.  

Note that in most cases, you may be required to pay two fees when transferring money using your Wise account. Wise usually charges an upfront
fee (which can vary according to your transfer fees) and an exchange fee that is not more than $1. Sending money with Wise from the United States usually takes a couple of days for funds to deliver.  

Reasons You Should Consider Wise 

  • No mark-ups for foreign exchange rates 
  • User-friendly website experience   

#11. ZelleOffers fast funds delivery  

With Zella, transferring money from one bank account to another in different financial institutions takes minutes to deliver. Over 1,000 financial institutions and credit unions integrate with Zelle on their websites.

Therefore, it means that hundreds of millions of bank customers can utilize Zelle via their mobile apps or bank website. If your bank is not part of the Zelle network, you can also download it as a standalone app.  

Note that, a US bank account is required to fund and receive
funds with your Zelle account. Zelle does not charge any transaction fees,
however, they do not prohibit any of their partner banks from charging transaction fees.

While the transfer limit with Zelle varies from bank to bank, the majority of the big banks set their transfer max from $2,000 to $2,500 per day.  

Reasons You Should Consider Zelle

  • Fast fund delivery within minutes 
  • Connects over one hundred million people through integration with over one thousand banks and credit unions.  
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Read: How To Use A Credit Card To Build A Credit In 2022

#12. Walmart2Walmart – Top for nonbank transfers  

When it comes to transferrin cash, Walmart is cheaper than most of the traditional money transfer companies available today like Xoom and Western Union.

You can send cash to any of the U.S. Walmart stores and the recipient can pick up the cash within minutes.  

Note that, in most states, the maximum amount you can transfer in a day is $2,999.99. fees start from $4 and may vary according to your transfer amount.  

Reasons You Should Consider Walmart

  • Cheapest rates when compared to other cash transfer methods 

#13. InstaReM – Best for mid-market exchange rates 

If you are looking for a modern cash transfer method that offers mid-market rates, InstaReM is your best choice. InstaReM charges a percentage of your transfer amount as fees for your transaction. InstaReM does not charge flat rates for transactions.

Most cash transfer with InstaReM arrives within one to two business days. You can fund your InstaReM account via an Electronic Fund Transfer, Wire Transfer, or Bank Transfer in all countries.

Users in Australia can fund their accounts through POLI, those in the EU can also use debit cards to fund their accounts. FPX is available for Malaysia users, while US users can use ACH pull and Bank Transfer to fund their InstaReM account.

The minimum and maximum transfer amounts vary according to your country.  

Reasons You Should Consider InstaReM

  • Exchange rate equals zero-margin 
  • Can send money from different parts of the world 

#14. World Remit – Best and fastest way of sending money to India 

If the target destination of your fund is India, then World Remit is your best choice. World Remit mobile app has a good rating on Google Play
Store and Apple App Store.

With World Remit, you can send money directly to an Indian bank account or business. you can also use the app to add mobile credits to any prepaid phone in India.  

Note that World Remit attracts a transfer fee from the sender, which you see before initiating the transfer. You will also pay a World Remit exchange rate. Ensure to check the rates before sending the money to avoid losing against Reuters and Google exchange rates.  

Reasons You Should Consider World Remit 

  • Allows you to receive funds directly to your Indian account from over fifty countries  
  • Get your funds as top-up or bank transfer  
  • Transfers arrive within ten minutes while mobile top-ups arrive immediately 

#15. Ria Money Transfer – Best for ease of receipt of funds  

Ria is one of the oldest money transfer methods that have been
in business since the 1980s. Ria has over 377,000 locations across the globe
with a cash pick-up advantage in India. Signing in up for Ria is free and you
don’t need an account to receive funds from Ria.

The transaction fees you will pay for a transfer depend on the amount you are sending.

Note that to see the full payment methods, you need to register fully with Ria. In some cases, Ria may not charge a transaction fee. However, they will still benefit from the transaction by marking up the exchange rate. Ria has a maximum transfer limit of $2,999 per day and $7,999 over 30 days in the United States.

In the United Kingdom, the Maximum transfer amount is £4,999 over a period of 30 days.  

Reasons You Should Consider Ria Money Transfer  

  • You don’t need an account to receive cash sentthrough Ria 
  • Funds can be deposited directly into recipients account  

Read: What Is A Virtual Debit Or Credit Card

Conclusion

With the number of transfer apps and services, there are certain factors to consider when choosing a transfer method for your funds. They include the speed of transfer, the cost for funds transfer, the ease of use of the method, the location you are sending the money to and how well, the system supports its customers.

When you put all these factors into consideration, sending money across to any part of the world today is much easier than it used to be twenty years ago.  

References 

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