How to send money to internet banking with google pay? Google Pay is an online payment app that allows users to make payments directly from or to a bank account in real-time over Unified Payments Interface (UPI). To use Google Pay you just need an Internet connection, an Indian bank account, and an Indian phone number. The best part is you can send money to someone’s bank account directly even if the receiver is not on Google Pay with a zero fee affair.
The app even allows you to send money to an external bank account. There are various methods through which you can send or receive money on Google Pay. Here is a step-by-step guide you can follow to send money to an external bank account on Google Pay.
How to send money to the external bank account on Google Pay
1. If the recipient is already in your contacts list, you can enter their name in the search bar. If not, you can use either their number or email ID to initiate the payment.
2. Once you tap on the recipient’s name, you’ll open the payment window. You should see a disclaimer at the top saying you’ll need to use a Google Pay partner to send money internationally.
3. In the box at the bottom, enter the amount you want to send and tap on pay.
4. This will bring up a card asking you to choose between Wise and Western Union, the two partners Google Pay supports right now. The best part is you’ll be able to see the actual amount that will reach the recipient before you proceed.
5. If you go ahead with Western Union, the recipient has the option to pick up the cash in person or directly receive it in their bank account. You can choose to pay the amount via your debit/credit card, bank account, or Google Pay balance. There’s a $50,000 limit per transaction.
6. If you select Wise, you’ll only be able to pay via your credit or debit card. The amount you send will directly be deposited in the recipient’s bank account. There’s a $2,000 limit per transaction.
7. Once the payments are initiated, you’ll be able to track the status of it within the contact’s chat itself.
Western Union is offering unlimited free transfers until June 16 and if you’re a new Wise customer, you can send your first payment (under $500) for free. So, if you’re looking to send some money to someone in India or Singapore, now may be a good time to do so.
Google Pay is already working on expanding support to over 200 countries with Western Union and 80 with Wise before the end of this year.
That’s it! When the money has been sent, you’ll get a notification. You’ll also receive an SMS from your bank with the debited amount. However, by any chance, if your transaction to your contact’s bank account fails, then the bank might debit the money from your bank account and then refund it. If the amount is credited, you will receive two SMSs for the refund.
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