Sending money via debit card has become a simple process in recent years. By just entering your card number and expiration date, you can make purchases or transfer funds to family members around the world. However, sending money to a debit card has not always been so simple.
While sending funds directly to a debit card isn’t the most widely available money transfer option, it’s becoming more common. Whether you’re sending money from a credit card, bank account, or even your own debit card, the process is no longer as complex as it once was.
At Remitly, for example, we offer debit card deposits to many countries. If you don’t see “debit card deposit” as a delivery option in our app, it’s not yet available in your intended destination.
Keep reading to learn more about how and why to send money to a debit card and keep in mind that delivery options vary depending on the recipient’s location.
Steps for Sending Money to a Debit Card
The steps for sending funds directly to a recipient’s debit card will vary based on the money transfer service you use. That said, this is the typical process:
- Sign up for an account: There are very strict laws regarding sending money anonymously. Signing up for an account is necessary regardless of whether you’re sending money to a debit card or performing a bank transfer.
- Enter the amount to send: This is a basic step, but there are nuances. Make sure you check all transfer fees to ensure you’re not getting hit by any unexpected costs.
- Choose a delivery method: Select the option for sending funds to a debit card. You’ll need the recipient’s card details at this point. Not all money transfer services will provide this offering.
- Enter your information: You’ll need to complete your profile before transferring money.
- Choose a funding source: Even though funds will go directly to a debit card, you can use a bank account, credit card, or other funding sources to send money.
- Review and send: Once you’ve entered all essential information, take a moment to ensure its accuracy. Funds won’t necessarily get lost if you enter something incorrectly, but it’s a hassle you can avoid.
Before you send, make sure it’s an option for you. For instance, the United States is one of the countries that restrict transfers to certain prepaid debit cards.
The Benefits of Sending Money to a Debit Card
Before sending funds directly to a debit card number, you may wonder if there are any benefits of doing so. After all, these cards link directly to a person’s bank account. Doesn’t this mean any fund transfer to such an account is the same as a bank deposit?
The main reason for sending directly to a debit card is convenience. As soon as the funds are available, your recipient can use that debit card to make payments, top up wireless phones, and more.
Also, cash pickup requires a trip for the recipient. Sending funds to a debit card is quicker and easier in most cases.
Sending Money to a Debit Card Internationally
If you want to transfer funds to a recipient’s debit card domestically, check with your bank. They’ll be able to explain the best method.
When sending to a debit card abroad, you’ll have to follow the same regulations that apply to any international money transfer, and use a service that specializes in cross-border payments. This could be a bank, of course, or it could be a money transfer app like ours.
Before sending money abroad, read up on exchange rates to understand additional costs you may encounter. Look into fees and ask about new customer offers, too.
Money Transfers to Debit Cards: Other Considerations
One of the major issues with sending money to debit cards? This option may not always be available. Beyond that, consider:
- Types of cards: When sending money to a debit card, find out what type of card is accepted (e.g. Visa, Mastercard, or another brand). Not all transfer services will work with all types of cards.
- Bank allowances: Not all banks allow the transfer of funds to their customers’ debit cards. In these situations, expedited transfers to the bank account may still be available.
- Prepaid cards: You may have the option of sending money to prepaid debit cards if they’re obtained through a bank. Most anonymous and prepaid cards bought at stores, however, do not allow this.
Remitly makes international money transfers faster, easier, more transparent, and more affordable. Our reliable and easy-to-use mobile app is trusted by over 3 million people around the world.