How to Transfer Money from Debit Card?

There are several ways to transfer money from a debit card.

Bank Transfer

You can transfer money from your debit card to another account through your bank’s online banking platform (i.e. Internet Banking). This method is typically free, but some banks may charge a fee for online transfers.

Mobile Payment Apps

Apps such as Paytm, PhonePe and Mobikwik allow you to transfer money from your debit card to another person or business. You simply connect your debit card to the app, enter the recipient’s information, and choose how much you want to transfer.

Wire Transfer

If you need to send a large amount of money quickly, you can use a wire transfer service such as Western Union or MoneyGram. These services allow you to transfer money from your debit card to another person or bank account. However, they usually charge a fee for this service.

ATM

Some ATMs allow you to transfer money from your debit card to another account. You will need to know the recipient’s account information, such as their bank routing number and account number, to complete the transfer.

Additional Reading

Note –

It’s important to keep in mind that the available transfer methods and fees can vary depending on your bank and location. Before transferring money, be sure to check with your bank for specific instructions and any fees that may apply.

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