How to transfer money from one account to another
One of the best things about having money in your bank account is the freedom and power you have over what you do with it. But what’s even better is doing something with your money that makes the people you love happy.
Sending money with your friends and family can improve their standard of living, make a child happy for their birthday, or simply put a smile on someone’s face! To make sure that the movement of your money is fast and seamless, you need to send your money using the correct method.
What are the options for transferring from one bank to another?
If you have money sitting in your bank account, it should be easy enough to send it for free to another bank account anywhere in the world using your bank’s online services, right?
Wrong.
Transferring money from one account to another is easy and free if you’re in the same country, but as soon as you try to share your money with someone who has a foreign bank account, the charges can start racking up. You may have to pay a percentage of the amount you’re sending, or a large fee to send your money.
The easiest way to save yourself money is by taking matters into your own hands. You could try taking out cash from your account and sending it via post to your recipient so they can deposit it in their bank account, but we wouldn’t recommend doing that - it isn’t the safest method, and can take a long time!
So is there a transfer method that gives you the power to make the transfer yourself without the assistance of your bank, which isn’t expensive, and which ensures that the money arrives with your recipient quickly? Glad you asked, because yes there is!
Paysend is an online money transfer service which lets users send money from their bank account to another with zero transfer fees! Yep, you heard that right - here at Paysend, we won’t charge you any transfer fees for sending money to another bank account on our platform.
When you send money with Paysend you have the option of sending money to over 80 countries, which means that our service could be perfect for you if you need to send money to loved ones on the other side of the world! And what’s more, we know you don’t like hanging around, so your transfers should arrive within minutes of hitting the ‘send’ button.
So why not try us out? You’ve got nothing to lose! If you send money from your bank account to another with Paysend there won’t be any transfer fees, and you might fall in love with Paysend like the 1.8 million other customers that already have! Take a look at our Trustpilot page to see what they say about us!
To get started, head to the App Store or Google Play and download the Paysend app today!
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Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.
The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.
One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.
Every month, thousands of people working in the Czech Republic send part of their payday home — many of them Ukrainians supporting family across the border. And the traditional route makes it harder than it should be: bank wires that ask for IBANs and SWIFT codes, fees that only show up after the money's gone, and days of waiting while someone at home is counting on it.
Pavel Štich has spent years helping his readers solve exactly that. He's Co-Founder and Lead Financial Editor at Moneyo.cz, an independent Czech platform that compares money transfer services, stock brokers, and alternative investments — and a Paysend Ambassador, which means he tests what he recommends, explains it plainly, and brings his readers reader-only perks. We asked him how Moneyo started, who reads it, and why he chose Paysend.
