4 Fast and Easy Ways to Transfer Money Using Your Phone

The advancement of technology has brought significant changes to our daily lives, including how we transfer money. In the past, money transfers could only be done through banks or ATMs. Today, you can transfer money straight from your phone without leaving the house or standing in line. With just a few taps, you can send money to any bank account number you choose.

This convenience is especially helpful in various situations, whether urgent or routine. For example, in an emergency, you may need to quickly send money to a friend in need, even when you’re far from an ATM and it’s already late at night. Thanks to mobile money transfer services, you can still provide help right away.

In less urgent cases like shopping online, transferring money via phone also makes transactions faster and more seamless. You can immediately pay for the items you want to purchase.

How to Transfer Money Using Your Phone

Currently, there are several common ways to transfer money via phone—some require an app, while others don’t. Here are some of the most widely used methods.

1. Internet Banking

If you’ve ever seen someone staring at their phone or computer screen while pressing a token device, they’re likely doing an internet banking transaction.

Internet banking is a service that allows you to access banking services using the internet. With this feature, there’s no need to visit the bank to transfer money or check your account balance.

The token is used for added security and helps verify transactions. To access internet banking, you’ll need to register directly at your bank branch.

2. Mobile Banking (M-Banking)

Another popular method is mobile banking, often referred to as M-Banking. This service is accessed through a mobile app available on both Android and iOS. You’ll need to install your bank’s mobile banking app to use it.

To activate mobile banking, you’ll need to visit the nearest bank branch and register. Once activated, you can perform various transactions directly from the app.

3. SMS Banking

Unlike mobile and internet banking, which require internet access, SMS banking operates through regular phone text messages and doesn’t rely on an internet connection. Instead, it uses phone credit (airtime).

To use SMS banking, you’ll need to visit your bank to register your phone number. After activation, you can check your balance, transfer money, and pay bills—all through SMS.

4. Digital Wallets

Another way to transfer money via phone is by using digital wallets. Many digital wallets allow you to transfer funds directly to bank accounts. The process is simple: install the digital wallet app of your choice, then complete the account verification process using a valid ID.

Once verified, you can send money to any bank account number. In addition to money transfers, digital wallets can be used for other purposes such as paying bills, ordering food, shopping, or booking a ride.

Sending Money Abroad Using Your Phone

Technology has also made it possible to send money internationally using just your phone. In the past, international transfers could only be done through money transfer agents or banks. Now, it’s as simple as installing an app and completing a few steps.

See Video on How to Easily Send Money Abroad with Transfez

To send money abroad via phone, all you need to do is install the app and complete the verification process. One of the most recommended apps for this purpose is Transfez.

Download Transfez App

Transfez App can help you transfer money abroad more quickly and efficiently. Jack Finance can also help your business in making transactions abroad. For those of you who want to send money to relatives who are abroad because they are studying, working, or traveling, Transfez will be ready to help. This app is available on Android as well as iOS.