The popularity of ATM cards is increasing by the day. It is simply because an ATM card allows you to withdraw cash in times of need. Besides cash withdrawal, ATM cards also let you transfer funds to your near and dear ones when an emergency arises. Money transfer apps are also on a rise these days. Therefore, you need to be know how to transfer money from ATM card in every situation. While many of you are aware of the withdrawal process, very few know how to transfer money from an ATM card. Wondering how can we transfer money from ATM? Let us help you understand how to transfer money from ATM card to another account online:
Here’s how to transfer money through ATM card online:
- Go to the nearest ATM
- Insert your ATM card
- Select the language you prefer
- Enter your debit card PIN
- Select ‘Yes’
- Click on the ‘Fund Transfer’ option from the bottom corner
- Submit the beneficiary’s details, such as bank account number and name of the bank
- Choose your bank account type. You need to select between a savings account and a current account
- Fill out the amount that you wish to transfer to the beneficiary and press ‘Correct’
- Click ‘Yes’ to confirm the entered amount
Once the amount has been entered, the funds will be transferred to the beneficiary within the stipulated time. But hey, if the transaction is not completed within the time limit, your screen will flash a ‘Time Out’ message. Well, in that case, you need to repeat these steps all over again!
Always wondered how to transfer money from debit card or how to transfer money from ATM machine? Well, now you have the answers!
Transferring funds from ATM cards is quite convenient. However, there are also times when the card doesn’t allow the transfer of funds. It can be due to ATM malfunction, server issues, power outages, etc. So, what will you do under such a scenario? Relax! It is still possible to send money to your beneficiaries through other payment modes listed below:
National Electronic Funds Transfer (NEFT)
All you have to do is follow the steps given below:
- Open the Airtel Thanks app or directly visit the website of Airtel Payments Bank
- Choose ‘Transfer Money’
- Press ‘Transfer to Bank’
- Submit the details of the beneficiaries
- Complete the process
Unified Payment Interface (UPI)
- Login to Airtel Thanks
- Go to the ‘Pay’ option
- Select between ‘Send Money’ or ‘Scan any QR’ option
Note: If you choose the ‘Send Money’ option, you need to link your bank account to transfer the funds. But, if you choose the OR code option, scan the code directly from your mobile phone to send the money.
Real-Time Gross Settlement (RTGS)
It is another great option to transfer funds from one bank account to another in real-time on a gross settlement basis. Thus, the transactions made through RTGS are authorized instantly without any delay. The RTGS transactions are mainly used for high-value funds that require immediate clearance. So, if you’re willing to transfer a huge amount to your friends or family, you should most definitely choose the RTGS transaction.
Immediate Payment Service (IMPS)
IMPS is another method to transfer funds instantly. But, it comes with a maximum limit of up to Rs. 1 Lakh as well as levies additional service tax for an immediate transfer. When it comes to its charges, IMPS levies an amount between Rs. 5 and Rs. 15, which depends upon the terms and conditions of the banks. So, confirm the charges with them before opting for an IMPS transfer.
Transferring money online has become quite simple today. It is mainly due to the availability of multiple payment options, such as UPI, RTGS, ATM, and so forth. A money transfer app is the easiest option for you. So, choose between these options wisely and send money to your loved ones while sitting at home!