Approximately 1.1 million adults in the UK do not have a current account, according to a 2023 report by the Financial Conduct Authority (FCA). But don\u2019t worry, you have options. Here\u2019s how to send money to someone without a bank account.<\/p>
Yes! In the past decade, we\u2019ve made huge strides in digital banking and financial technology. While it might not have been possible to transfer money to someone without a bank account in the past, it is definitely possible today.<\/p>
There are plenty of ways to send money to someone without a bank account, each with different levels of speed, security and convenience. Here are some of the best options:<\/p>
Sending money through a money transfer service is an option for both sending without a bank account and sending money to someone without a bank account. Several money transfer services allow you to both pay in cash and have cash delivered to your receiver.<\/p>
Your recipient could receive the funds the same day if they\u2019re delivered via cash pickup or delivery. This option can come with high fees, so be sure to compare money transfer services that offer cash pickup<\/a>.<\/p>Compare money transfer services offering cash pickup<\/h3>