In our digital age, there are many quick and easy ways to transfer money. So, there are many options if you want to send money. Zil provides one of the best online money transfering experiences and one of the best business checking accounts for all your business needs.
Key Lessons
- Online Money Transfer.
- Online Money Transfer methods
- Domestic and International Money Transfer
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- ACH Transfer
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- Mobile Payments
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- Physical and Virtual Card Transfer
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- eCheck
- Domestic and International Money Transfer
- How to Make Domestic Money Transfers with Zil?
- How to Make International Money Transfers with Zil?
Online Money Transfer
Online money transfer refers to the electronic transfer of funds from one person to another through a computer or mobile device. Online money transfers are a quick and easy way to send and receive money because you don’t need cash or checks, and you can do it from the comfort of your home with an internet connection.
Online money transfers are done completely without the help of bank employees.
Furthermore, since the transactions are done digitally, there is no need for paper records.
Online Money Transfer Methods
Zil provides you with different ways to send money online.
ACH Transfer
Through the Automated Clearing House (ACH) network, money can be moved electronically between bank accounts in the United States. For example, direct deposit payments are made this way.
You must give consumers your account number, routing number, and other banking information for ACH transfers.
Due to the need for the appropriate resources and accounts, setting up an ACH payment is often the payer’s responsibility. Zil simplifies ACH/direct deposit transfers with ease.
Mobile Payments
Mobile payments are any payment processing services provided on a mobile device. Zil is available on your phone with all of its web capabilities. Our platform is one of the best platforms for all your business purposes.
Physical and Virtual Card Transfer
People track their personal and corporate expenditures with bank-issued plastic cards. These cards are called credit cards or plastic payments. Each card has the cardholder’s name, 16-digit card number, PIN, and CVC. In addition, a magnetic strip can be found on the card.
A virtual card, on the other hand, can be used online using any smartphone or smartwatch. These cards can pay bills, shopping, and can be used for other purposes. Credit and debit cards can be used immediately. Debit and credit cards allow internet money transfers.
Zil offers actual and virtual debit cards for easier money transfers.
eCheck
eChecks are ACH-based electronic cash transfers that send customer payments to the payee. eCheck transactions cover bill payments, direct deposit, and other person-to-person transactions.
Digitized paper checks are eChecks. Electronic checks, digital checks, internet checks, and direct debit transfers are other names. Zil lets you utilize an eCheck as an ACH transaction or email it to the payer to print and deposit it as a normal check.
Zil makes international and domestic wire transfers safe, simple, and inexpensive.
Domestic and International Money Transfer
Two financial institutions in the same country exchange money in a domestic transfer. An international money transfer takes place when money is sent directly to the bank account of a person or business abroad.
How to Make International/Domestic Money Transfers with Zil?
Step 1: Log onto Zil and select a business bank account.
Step 2: Click the button that says “Send Payment.” There will be a drop-down menu. From there, use the menu to choose “Wire transfer.”
Step 3: Choose “International/Domestic Wire” and then pick a payee. Enter the amount you want to send and any other required information.
You will get an OTP via email or SMS when you click SEND.
After entering the OTP, the wire transfer begins and takes 1–5 working days to complete.
If you want a reliable online bank for online money transfer, Zil is the best choice. With our easy-to-use internet banking service, you can check your account information anywhere at any time. So, why wait? Sign up today and see how easy it is to bank online with Zil.
