Digital wallets have become a thing of the future. Gone are the days when standing in a queue was mandatory to pay our bills and do a menial bank transfer. You can do a small or a huge transaction sitting anywhere in the world with an active internet connection. Many options have popped up, such as Paytm, Phone Pe, Mobikwik, etc. But Google was already in the competition as Google Tez. Google soon revamped the entire application and rechristened it Google Pay. It has over 327 million times as of May 2019, while PhonePe was the second most downloaded digital payment app.
The application is capable to do all sorts of things – pay your contacts (who already have GPay), book train tickets, get your number recharge and so on and so forth. The one least talked-about feature of Google Pay is its ability to transfer money to a bank account. It is very easy and doesn’t require hundreds of steps. So, to know how to make a bank transfer via Google Pay, jump right in!
How to Make a Bank Transfer in Google Pay
To make any kinds of payment through Google Pay, you’ll need the following things:
- An active bank account.
- Your mobile number linked to the said bank account.
- A Debit card.
If you can check all the boxes mentioned above, follow the steps given below:
Create a Google Pay Account:
Step 1: Download the application from the Google Play Store.
Step 2: Select your preferred language and click on the arrow placed at the right corner.
Step 3: Enter your phone number that is linked to any of your active bank accounts. You will be asked to allow for several permissions, such as SMS, contacts, and location.
Step 4: You will receive an OTP, which Google Pay accesses manually. It will also detect your e-mail id.
Step 5: Once the verifications are taken care of, you will need to set a screen lock so that no one other than you can access GPay. You can use your current screen lock or set a Google Pay Pin.
Step 6: Click on ‘Continue.’ You have registered yourself on Google Pay.
Add a Bank Account in Google Pay
Step 1: Tap on your name in the app at the top of the screen.
Step 2: You will have to enter your bank account details on a new page which says ‘Add Bank Account.’ Click on it.
Step 3: Choose your bank name from the list of different banks. Now click on ‘Allow.’
Step 4: Another pop-up will require your permission. Tap on ‘OK.’ A verification SMS will be sent which will verify your number and the account. These processes are automated so you won’t get a headache in manually entering any details.
Step 5: You’ll have to link your ‘UPI ID’ to the bank.
Step 6: Your bank account is now linked to Google Pay.
Make a Bank Transfer in Google Pay
Step 1: Open the application and you will see a huge circle, which is called Tez (for quick payments).
Step 2: Click on ‘New’ and you’ll see hoards of options to select from. Click on ‘Bank Transfer.’
Step 3: You will have to enter the other person’s accurate bank account number, IFSC code, and the recipient name. Re-check the credentials twice before making the payment.
Step 4: Now tap on Continue.
Step 5: You will now have to enter the amount to transfer and a message.
Step 6: Now tap on ‘Proceed to pay.’
Step 7: You’ll be directed to a new window wherein you’ll have to punch in your ‘UPI ID.’
You have successfully made your first transfer on Google Pay. You will even receive rewards in the form of money in your bank account.
Paytm is generally preferred by many millennials but it does charge you a fee to transfer an amount to a bank account. Google Pay doesn’t charge you anything and is really intuitive. Make sure that none of the details are out in the open. Do not ever reveal any bank-related information to anyone.
What do you folks think of Google Pay? Have you ever used it? If yes, how was your experience, compared to other e-wallet applications? If this is your first time, tell us in the comment section below, your experience of using Google Pay.