How to Transfer Money Using a Debit Card

How to Transfer Money Using a Debit Card

Using PayPal or Alert Pay

Step 1

Decide which company you will use for transferring money. Both Alert Pay and PayPal accept Visa, MasterCard and AMEX, but the fees are slightly different.

PayPal charges 2.9 percent + $0.30 USD (as of 2010), and the sender can decide whether he or the recipient pays the fee. Additionally, PayPal charges additional fees for cross border transactions and currency conversions, so you can calculate the total fee by using the “fee calculator” tool of PayPal (See Resources).

Alert Pay doesn’t charge to send money. However, the recipient is charged 2.5 percent + $0.25 USD (as of 2010). If the recipient receives the funds on a credit card, it will cost 4.9 percent + $0.25 USD. For international transfers, Alert Pay costs an additional fee of 2.5 percent.

Step 2

Visit the company’s website from Resources below, and click on "Sign Up.” If you are already a registered member of the website, skip to step 4 after entering your user name and password.

Step 3

Register by entering your name, email address, contact details and debit card information.

Step 4

Click on “Send Money” from the homepage of the website.

Step 5

Specify the transferable amount on the page and enter the recipient’s email address.

Step 6

Confirm that you want to send the money by clicking “Send”/“Submit.” The recipient will then receive the funds through email. He will have to sign up for a free account on the company website in order to transfer the funds to his bank account.

Using Western Union

Step 1

Go to Western Union’s website from Resources below and click on “Send Money” > “Send Money Online.”

Step 2

Select your country and state, and click on “I Am a New Customer.” If you already have an account on Western Union’s website, click on “I Am a Returning Customer.”

Step 3

Click “Continue.” Sign in by entering your user name and password if you are a returning customer. If you are a new customer, register by entering your particulars (name, contact details and debit card information). Western Union accepts Visa and MasterCard.

Step 4

Click on “Send Money.”

Step 5

Select “Direct to Bank” from the “Money Transfer Services” menu. Enter the recipient’s bank account number to which you want to transfer the money. Confirm that you want to send the money, and the funds will be on their way.