Money transfer is currently one of the most searched topics online with many people looking for a way to send and receive money from friends, family, or business partners.
With the first money transfer app that was out in the 19th century precisely in 1847, the commonly known Money Gram. And since then till now, more than a thousand money transfer apps have been created to help send and receive money.
But amongst all of these competitors, there is normally the most preferred or the most used by the users. And they are known to be the very popular money transfer apps.
With some of the very common P2P apps to be Paypal(considered as the overall best), Cash App, Zelle, Venmo, Google pay, Apple pay, and many others.
Well, as much as they are known to be the best, some people bring up some issues they face due to scammers on paypal, Cash App, Venmo, and almost all of them if not all.
But you can also checkout some of our related articles to see how to deal away with these scammers by knowing their techniques and how to send them away.
Well, with that said, we will talking today in this article about Google pay, What it is, how it works, and how to withdraw money from Google pay and use it as physical cash.
Table of Contents
How to Send Money from Google Pay to Bank Account
What is Google Pay and How does it work?
Google pay is a US based money transfer app that most users have it for shop payments, online or physical subscriptions. Just like Paypal, Cash App, Venmo and all other P2P apps, Google pay can also be used to send and receive cash.
And also just like the other P2P apps, to send and receive cash to and from Google pay, you will first of all have to link it to the other platform. Otherwise, you will have to use a bank account as a transfer medium to send and receive the money.
Generally, Google Pay is a mobile payment service that was developed by Google to power online, in-app and in-person contactless purchases(like subscriptions, and online purchases, or shopping) on mobile devices, enabling users to make payments with Android phones, tablets, or watches anytime.
How to Withdraw Money from Google Pay 2024
To withdraw money from Google pay, there are two main ways; using your physical bank account details, or using your debit or credit card. But both of them will all start the same way.
Step 1. Transfer of Cash
- Open your Google pay app, or open the Google pay official site and login from there.
- On the top Right of your homepage, you will have to click on the Profile icon.
- Then you should go to Google Pay balance and tap on Transfer Out.
Step 2. Amount to Send
After tapping on Transfer out, you should then enter the amount to transfer out in the space provided.
Then tap on "Next".
Step 3. Choose a Payment Method
This is where you will choose either sending with bank account or with debit or credit card.
To add a Debit card to Google pay, all you have to do is go to the home page and then tap on add payment method and then tap on Payment card. After these, follow the on screen instructions and complete the addition of your debit or credit card.
To add a bank account, Open your mobile banking app or go to your bank’s website and log into your account. Find the Add to Google Wallet or Add to Google Pay button and tap it. And finally, follow the on-screen instructions to complete the process.
If you have chosen to send money out via your bank account, it could be for free(standard transfer), which will take about 1-5 days to be completed, or you can use the paid(instant transfer), which will take about 30minutes to be completed.
But if you choose the Debit or credit card withdrawal, then you will be subject only to the instant transfer method which will take p)lace immediately, and you will also be subject to a fee of about 1.5% minimum(about $0.35 minimum).
Step 4. Withdrawal
After you have chosen the withdrawal method, you will just click on "Transfer Out".
Can't Transfer Money from My Account, what should I do?
Well, there are many things that can come to play if you are unable to withdraw money from your account. Some of them are;
You are using the old Account; The simple thing is to just update and get the newly updated app, and then you will be able to send and receive money as you wish.
Your account is inactive: If your account is considered inactive, then you won't be able to do anything in your account until you contact their customer services who will guide you to bypass that and get your account active once more.
What fees will I encounter in Withdrawing Cash?
Well, we already explained in our method or procedure proper. And to bring a recap to that,
The first one is basically found at the payment method; when withdrawing using a debit card. You will always get a fee for withdrawing via your debit or any bank card.
Also, at the level of the instant transfer method. when you send the money normally, it will take about 5days to be completed, but the instant transfer will send it immediately taking only about 30minutes to be completed, but with charges of about 1.5% minimum of the transfer amount.
Final thoughts on How to Withdraw Money from Google Pay
Withdrawing Money from Google pay is a basic necessity that anyone with a Google pay account will one day come towards this. Even if you don't want to withdraw the money now, you might one day think of withdrawing cash from there.
And in this article we spoke of two main methods that you can use. We spoke of the normal method, that concerns using your bank account. Here, you will send the money to your bank account, and from your bank account, you can easily send the money out of the account.
Or you can withdraw the money from your bank's card or debit card, which will involve some fees, and from there you can get to the nearest ATM and then withdraw the cash from there easily.
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