There’s no denying that PayNow is a convenient way to send and receive money in Singapore. But what if you want to send money to someone who doesn’t have a PayNow account?
The good news is that there are a few ways to do this. Here are 4 options:
- Bank transfer
This is the most traditional way to send money to someone without PayNow. You can do this through your bank’s website or mobile app. The downside is that bank transfers can take a few days to process.
- Cheque
Cheques are another option, but they’re even slower than bank transfers. And if the recipient doesn’t have a bank account, they’ll need to cash the cheque at a bank or money changer.
- Cash
If you’re in a hurry, you can always just give the recipient cash. But this isn’t the most secure option, and it’s not always practical if you’re sending a large amount of money.
- New apps
There are a number of new apps that allow you to send money to people without PayNow. These apps typically use a different payment method, such as a credit card or debit card.
Which option is right for you?
The best option for you will depend on your specific needs. If you need to send money quickly, cash or a new app may be your best choice. If you’re sending a large amount of money, a bank transfer may be a better option. And if the recipient doesn’t have a bank account, you can always send them a cheque.
What are the fees?
The fees for sending money without PayNow vary depending on the method you use. Bank transfers typically cost a few dollars, while cheques can cost up to $10. Cash is free, but it’s not always the most secure option. New apps typically charge a small fee, but it’s often less than the fees charged by banks.
Conclusion
There are a number of ways to send money to someone without PayNow. The best option for you will depend on your specific needs.
FAQs
- Can I send money to someone without PayNow using a credit card?
Yes, there are a number of new apps that allow you to send money to people without PayNow using a credit card.
- Can I send money to someone without PayNow using a debit card?
Yes, there are a number of new apps that allow you to send money to people without PayNow using a debit card.
- What are the fees for sending money without PayNow?
The fees for sending money without PayNow vary depending on the method you use. Bank transfers typically cost a few dollars, while cheques can cost up to $10. Cash is free, but it’s not always the most secure option. New apps typically charge a small fee, but it’s often less than the fees charged by banks.
- What is the best way to send money to someone without PayNow?
The best way to send money to someone without PayNow depends on your specific needs. If you need to send money quickly, cash or a new app may be your best choice. If you’re sending a large amount of money, a bank transfer may be a better option. And if the recipient doesn’t have a bank account, you can always send them a cheque.
- Can I send money to someone without PayNow internationally?
Yes, there are a number of new apps that allow you to send money to people without PayNow internationally.
- What are the benefits of using a new app to send money without PayNow?
New apps typically offer lower fees than banks. They’re also more convenient, as you can send money from your phone without having to go to a bank branch.
Tables
Table 1: Comparison of methods for sending money without PayNow
| Method | Speed | Security | Cost | Convenience |
|---|---|---|---|---|
| Bank transfer | Slow | High | Low | Low |
| Cheque | Slow | Medium | High | Low |
| Cash | Fast | Low | Free | High |
| New apps | Fast | Medium | Low | High |
Table 2: Fees for sending money without PayNow
| Method | Fee |
|---|---|
| Bank transfer | $1-$5 |
| Cheque | Up to $10 |
| Cash | Free |
| New apps | Typically less than $1 |
Table 3: Benefits of using a new app to send money without PayNow
| Benefit | Description |
|---|---|
| Lower fees | New apps typically offer lower fees than banks. |
| More convenient | You can send money from your phone without having to go to a bank branch. |
| Faster | New apps typically process payments faster than banks. |
Table 4: Drawbacks of using a new app to send money without PayNow
| Drawback | Description |
|---|---|
| Less secure | New apps may not be as secure as banks. |
| Not as widely accepted | Not everyone has a new app account. |
| May not be able to send large amounts of money | New apps may have limits on the amount of money you can send. |
