How to Wire Money to a Friend
If a friend or family member needs money fast, you have several choices for getting them the money they need. No matter why they need the money, it is important to use only safe and secure payment methods. Using a method that is safe, secure and trackable is the best way to ensure the money you send ends up in the hands of your friend.
Instructions
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Paypal
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1
If you have a Paypal account, find out if your friend has one. You can use Paypal to instantly transfer money.
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2
Get your friend's e-mail address and log on to your own Paypal account. Click on the "Send Money" link at the top of the page.
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3
Enter the amount of money you wish to wire to your friend and enter your friend's e-mail address. Click "Submit" to send the money to your friend.
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4
Tell your friend that the money has been sent. Your friend can now log on to Paypal and pick up the funds.
Bank Transfer
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5
Get your friend's bank name and account number. Go to your bank and initiate a wire transfer. Your bank might charge a fee for this service.
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6
Write your friend's bank name and bank account number on the transfer form. Enter the amount of money you wish to transfer.
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7
Get a receipt for the transaction. This will help you track the wire transfer if there is a problem. Tell your friend the money is ready to be picked up at her bank.
Western Union
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Find the closest Western Union office. These money transfer services are located in most major cities and many small towns. In addition, Western Union offices are located in many train and bus stations, and even in some Wal-Mart stores.
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Withdraw the money you wish to wire to your friend from your bank or ATM. You can use a credit card to pay Western Union's money transfer fees, but you will need actual cash for the transaction itself. Take that money to the Western Union office and complete a money transfer form. Be sure to use your friend's full legal name when completing the paperwork. The name on the transfer form must match the name on your friend's official ID.
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10
Give the completed transfer form and the cash to the Western Union office, and pay the related fee. Be sure to get a receipt for the transaction. The receipt contains a tracking number you can use to track the cash if your friend does not receive it.
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References
- Photo Credit stack of cash image by jimcox40 from Fotolia.com