Ways To Send Money or Transfer Money |3 Fast Free Ways

Perhaps you’re one of those folks who have been hiding in the background wondering if all this new fangled technology is really safe. Internet banks and internet transfers have, I believe, proven themselves to be safe and secure methods of exchanging money. If you are still using the old check and stamp method, perhaps this post will convince you to take the plunge into the world of fast and free ways to transfer or send money. Notice that these methods are for sending personal funds to other people. There are other money transfer alternatives for businesses.

Ways to Send Money or Transfer Money

Transfer Funds Using ING DIRECT People to People Money Payment

I have previously mentioned that there are a lot of advantages to the ING Direct Electric Orange Bank Account. The P2P (People to People) money transfer feature is one such advantage. If you are an Electric Orange account holder you can electronically transfer funds to any person who has a US bank account. This service is free. You can even schedule a transfer on a future date up to 364 days in advance. After opening an account at ING Direct (see this article on how to get $25.00 for signing up for ING) all you will need is the name, account number, and routing number. If someone is hesitant to give you that information kindly remind them that those numbers are printed on every check they write.

How to send money with ING People to People transfer

When you sign into your account, you click on “P2P payment”. Simply add your friend’s information to your address book and then schedule the payment. The funds will be removed from your account and transferred to that other person’s account once they have verified their information. Transfers typically take 1-3 days.

Best ways to send money using ING Direct P2P transfers

Send to people you owe
Sending when you split the cost of buying something
Send to someone who works for you
Sending gift or birthday funds
Sending funds to close friends and family

PayPal Money Cash Transfer

How PayPal differs from ING Direct Electric Orange is that you do not need the person’s, name, account number, or routing number. All you need is a person’s email address. However, to transfer to a person using PayPal they must also be a registered and active PayPal user. All personal transfers (not for goods and services) are free. The following are free services: register for an account, add money from your bank, send, receive, and request money. You can also electronically transfer funds from your bank account. You will pay a fee if the transfer is for goods and services.

How to Send Money Using PayPal

When you sign up for a PayPal account you will need to link the PayPal account to your bank. You can also add credit cards to use when you purchase items through PayPal. When you send money, it can be withdrawn from your PayPal account and put into another person’s PayPal account. Funds are transferred instantly so there is no wait time.

Best ways to take advantage of PayPal money services

Sending cash to friends and associates that you do not know as well (they might ask why I want their account info)
Accept donations. Anyone who has a website can use PayPal to accept donations.
PayPal is an industry must for people who sell products online. Remember, they do have fees associated with business transitions.

Revolution Money Exchange

Revolution Money Exchange (RME) is very similar to PayPal, but offers some attractive referral rates and does not charge any fees for business transactions. Thus, like PayPal you are limited to sending money only to other RME members. Once again, the account is linked to your bank and funds can be transferred to and from your bank account and to other RME customers. Transfers between RME accounts are instantaneous. All this, of course, is free of charge. The following services are free: register for an account, add money from your bank, send, receive, and request funds, and electronically send money from your bank account.

If you wish to sign up for Revolution Money Exchange you can use this link.

Next time you need to send money to someone, consider skipping the cost and inconvenience of a check and try one of these fast free services instead.

Anyone use any other programs for to send money? Had any positive or negative interactions with any of the above companies?

Did you like this article? Pass it along ...

Other Great Articles:

Get Free Email Updates

{ 3 comments… read them below or add one }

Elle September 16, 2010 at 9:34 PM: this article was helpful. thank you.

danny June 15, 2011 at 1:53 AM: This was helpful to me also. Thank you.

Magda January 8, 2012 at 10:44 PM: Hi, do you have any advice for canadians?

Only constructive comments that contribute to the discussion will be approved. Please include a personal name in the author section (i.e. Craig @MH4C). Get more details.