While it may not be possible to transfer funds without verification in conventional banking systems, with some online payment services, people can send and receive money with a checking account number instantly without verification.
Some online payment apps allow users to send and receive money with a checking account without passing a rigorous verification process, as seen in traditional banking. With these digital payment services, you can transfer funds without a one-time password (OTP).
However, most of these apps may require you to create an account and link your checking account to it by entering your routing and account number.
Additionally, some of these P2P payment services, like Zelle, have limits on the amount of money you can transfer daily and monthly without verification. Also, you may be charged some fees for instant money transfers with these apps. But their transaction processes are secure, fast, and convenient to use.
Can I Transfer Money with just Account and Routing Number Without Verification?
Yes, you can transfer money with routing and an account number without verification.
These kinds of fund transfers can be possible with the help of payment services like Cash App, Venmo, Zelle, etc. However, you may be required to provide evidence as the rightful owner of the account, though it may be done once without the OTP requirement as it is with conventional banking.
Online Payment Apps for Sending Money Without Verification
There are a number of digital payment services that you can use to transfer funds without verification. Some of the payment apps are listed below:
1. Cash App
Cash App is unarguably one of the most popular and secure P2P payment services that allows users to carry out different financial transactions, like fund transfers, instantly and without hassle.
Apart from the fact that it offers secure transactions, money transfers made with the Cash App can’t be traced since it allows users to perform transactions anonymously with the help of their distinctive username called $Cashtags.
To use a checking account on the Cash App without verification, you will need to:
- Go to your Cash App account and open it.
- Verify your identity.
- After identity verification, you will need to connect your checking account to the app via the account and routing number.
- Once you link it, you can start transferring funds instantly.
However, it is important to know that before you can transfer money, Cash App will need you to verify your PIN, but you won’t be bothered with OTP verification as opposed to conventional systems.
2. Venmo
If you are in need of payment services that allow users to send money with a checking account without verification, Venmo is an option to consider, especially if you’re a resident of the United States.
This payment service is designed in such a way that it allows users to send and receive money instantly by just creating an account and connecting your bank account by entering your account and routing number.
Just like the Cash App, Venmo may also require you to confirm your PIN when transferring funds to ensure that the payment is secure. But there is no one-time password (OTP) verification.
Amazingly, Venmo allows their users to have more than one account, so you can decide to have a business and personal account, where you can connect each account to a different bank and use it for your transactions. If you use your Venmo business account to transfer funds, your real name won’t be displayed to the recipient; they can only see your business name, hence keeping you anonymous.
3. Zelle
When it comes to peer-to-peer payment services that allow users to send money with a checking account instantly without verification, Zelle is among the top players.
In order to ensure that their transactions are instant, Zelle incorporates ACH into their system to expedite fund transfers between the United States bank accounts, thereby removing the bottleneck of having to wait for about 3 – 5 working days before the recipient will receive the money.
Zelle networks allow users to connect their bank account manually to the platform via their debit cards and start fund transfers immediately with account and routing numbers by just following a few steps without needing verification.
4. PayPal
PayPay is a household name when it comes to person-to-person fund transfers with a checking account when an endless verification process is not needed. This app allows users to send and receive funds globally.
To send money with a checking account using PayPal, all you need to do is:
- Login to the PayPal official website
- Sign up with your details to create an account
- You’ll need to verify it with your bank account by connecting via the account and routing number, and start financial transactions instantly.
One of the major advantages of using PayPal is that you are only required to carry out a one time verification process as long as you sign-in with your particular device, so you will not need to verify your account when transferring funds. This app allows you to send money anonymously.
5. Wise
Another popular payment service that allows users to send and receive money instantly without verification is Wise. Comparatively, Wise charges a relatively low fee for fund transfers, and their transactions are swift too.
To use Wise to transfer funds, you will need to open an account and connect your checking account with it. After creating an account, you can send funds by entering the recipient’s details and the amount you want to transfer. You can transfer any currency, and Wise will convert the money to the recipient’s currency, and it will reflect in their bank account.
6. Veem
Veem is a payment service that allows both businesses and individuals to send and receive money locally and internationally without any charges, as seen in traditional bank transfers.
In their efforts to help you manage your account with ease, Veem incorporates Xero, NetSuite, and QuickBooks into their payment services.
Just like other payment services mentioned above, to use Veem, you will be required to create an account, connect your bank account manually to Veem by entering your routing and account number, and start carrying out transactions instantly without verification.
N/B:
While it is possible to send money with these payment services without verification, some of these services may place an embargo on the maximum amount you can send daily. For instance, the monthly and daily transaction limits on the amount of money that you can send with Zelle without verification are $2000 and $500, respectively. So, if you want to increase this limit, you may need to verify your identity.
How to Make An Instant Transfer With Routing And Account Numbers Without Verification
To send money instantly with routing and account numbers without verification through online banking services apps like Venmo, PayPal, Cash App, etc., you will need to follow the steps below:
- Launch your preferred payment service app on your device from official app store.
- Open an account and enter your full name, current address, Social Security Number, and date of birth to verify your account.
- Link your bank account with the app.
- Input the recipient’s full name, account number, and routing number to proceed with the transfer.
- Input the exact amount of money you want to send.
- Review the details you have entered to ensure that they are correct, and authenticate the transaction with your PIN.
If you follow the steps correctly, the recipient’s account will be credited instantly. However, it is important to note that some online payment services may charge a fee for instant transfers. Hence, it is best to understand the terms of service of the app that you want to use before opting for their services.
