Whether you’re Quick Transfers funds to a relative in another country or paying cash for something at a pawn shop, there may be times when you need your money quickly. That’s why you need a transfer method that can get your money where it needs to be as soon as possible. The fastest way to move money is via a wire transfer, which generally arrives the same business day if your request is received before a cutoff time.
How do you use DTF transfers?
Another option is to use a mobile app, many of which are partnered with banks and offer fee-free options for domestic transfers. If you’re sending funds directly to a recipient’s bank account, you’ll need their full name, address, phone number and either their routing or IBAN information (depending on the country). Alternatively, some money transfer apps allow you to send your funds to a third party, such as a pawn shop or grocery store, for in-person pickup, which can take longer than a direct deposit.
You can also automate a funds transfer by logging in to your account and selecting a one-time or recurring automatic payment on a particular date or at a certain interval, such as every two weeks. However, these payments can be delayed if they fall on a holiday or weekend. They’re also susceptible to fraud, as the funds are immediately available in real time to fraudsters. For peace of mind, you can reduce the risk of fraud by regularly reviewing your transaction history.