When you need to send money to someone, depositing it into her account electronically is a safe and secure method. You don't even necessarily need to have the recipient's bank information to deposit the funds. There are various ways you can send money electronically without having to visit a bank in person.
Most banks allow online banking customers to make online transfers between bank accounts, even if the account belongs to someone with a different financial institution. Before you can complete what's referred to as a bank-to-bank transfer, you might need to go through security measures to confirm you're the account owner. The initial verification process can take about three to five days. To complete the transfer, you'll need the other person's bank account number and routing number. Certain banks, including Bank of America and PNC Bank, offer account holders the option to send money to others using only the recipient's email address or phone number.
Mobile Transfer Services
Services are available that specialize in transferring money electronically to friends and family directly from your cell phone. You don't need to know the recipient's bank account information. For example, Google Wallet allows you to send money to anyone with a Gmail address. Square Cash, another mobile service, allows transfers between friends and family who have Square Cash accounts. The money is sent directly to the recipient's bank account.
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Online Payment Systems
PayPal lets you send money electronically without requiring any personal or bank information. When you register for a PayPal account, you can use funds from your checking account, debit card or credit card. You can also receive payments from others without having to link a bank account or card. Money can be sent using the funds in your PayPal account or from your funding source. You'll just need the recipient's email address, which must be registered with PayPal. The recipient can withdraw the money or transfer it to his bank account.
Online Money Order Transfers
You can transfer money online using MoneyGram through the Walmart website. Visit Walmart's website to set up the transfer using your debit card, credit card or checking account. Online transfers are also available through WesternUnion's website. Pay using your credit card, debit card or bank account to send the money directly to the recipient's bank account.