Send Instant Money (2024)

FAQs

How can I send money to someone immediately? ›

You can send money to someone immediately by using a money transfer service or peer-to-peer payment app. If you're using a P2P app like Cash App or Venmo, for example, the money you transfer will be available immediately in the recipient's app balance. It can take a few days to be transferred to a bank account, though.

Need to pay someone who does not have a bank account? With Instant Money, there are six ways to send money: Online Banking, the Banking App, Cellphone Banking, Partnered Retailers, Instant Money Wallet and via Instant Money Bulk Payments for businesses.

Companies like Western Union and MoneyGram specialise in quick transfers and have a vast network of locations worldwide. They offer the option to send funds that can be picked up in cash, often within minutes, making them a reliable choice for urgent transfers.

Zelle is our top pick for low fees and domestic bank-to-bank transfers because it allows you to send money instantly for no cost.

Use PayID to send money

Their PayID may be their mobile number, email, ABN, or Organisation ID depending on their bank. Log into NAB Internet Banking or the NAB app and select 'Pay anyone' from the Transfer & Pay menu.

PayPal: PayPal offers instant transfer services that allow users to send funds to friends, family, or merchants using routing and account numbers. While PayPal may require verification for certain transactions or account features, users can still conduct instant transfers without extensive verification in many cases.

How do I send Instant Money? You can send Instant Money from the Banking App, Cellphone Banking (*120*2345#), Internet Banking, Standard Bank ATMs, Instant Money Wallet (*120*212#), participating retailers and/or register for Bulk Payments.

Which money transfer is immediate? ›

IMPS provides robust & real time fund transfer which offers an instant, 24X7, interbank electronic fund transfer service that could be accessed on multiple channels like Mobile, Internet, Branch, ATM and SMS.

How to use Faster Payments. The most common ways of using Faster Payments are through single immediate payments and standing orders. Single immediate payments are one-off payments made through your bank account using online banking, your mobile banking app, or visiting a bank branch.

Some financial institutions and payment platforms offer expedited ACH transfers, enabling near-instantaneous movement of funds between bank accounts, typically for a fee. However, traditional ACH transfers typically take a few business days for funds to be fully settled.

Zelle^® is a great way to send money to friends and family, even if they bank somewhere different than you do¹. That means it's super easy to get paid back, or split the costs of things like dinner. With Zelle^®, the money goes directly into your bank account.

Some financial institutions and payment platforms offer expedited ACH transfers, enabling near-instantaneous movement of funds between bank accounts, typically for a fee.

Fast Payments refers to all online domestic payments made using the New Payments Platform, opens in new window . When you use 'Pay anyone' in the NAB app, NAB Internet Banking or NAB Connect, using either a BSB and account number or a PayID^®, your funds will settle in under 60 seconds.

A wire transfer is one of the fastest ways to transfer money electronically from one person to another through a bank or a nonbank provider such as Wise, formerly TransferWise. For a domestic wire transfer, you'll need the routing number, account number, the name of the recipient and possibly the recipient's address.