Google Pay also known as G Pay is actually one of the fast growing digital wallets developed by Google to engine online, and in person payments. Just like many other payment apps that exits nowadays, this app also allows you to send money to a bank account.
But before being able to do this, you must know how to transfer money from Google Pay to Bank Account and luckily for you, the process of doing this is quite simple as long as you already have a linked bank account to your Google Pay.
Google Pay is a web based payment service that lets you make real time payments to or from your bank account via the Unified Payment Interface (UPI). Well Google Pay actually has numerous advantages over the other payment method but the best feature of Google Pay comes at the level of you being able to transfer money to a bank account without charges.
You will not be prompted to pay for any charges when transferring money from Google Pay to your Bank Account or any other bank account.
With Google Pay, you can even send money to other bank accounts that are not in your Payment method list and this is a major advantage over several other payment method.
So want to transfer money from Google Pay to Bank Account? Well you have found the ideal article for you as I will show what it takes to carryout this transaction successfully. But first of all you need a stable internet connection, a mobile number and a bank account number which you will use to transfer money with ease.
Table of Contents
What is Google Pay?
Google Pay (formerly Android Pay) is a mobile payment service developed by Google to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches. Users can authenticate via a PIN, passcode, or biometrics such as 3D face scanning or fingerprint recognition.
Google Pay uses near-field communication (NFC) to transmit card information facilitating funds transfer to the retailer. It replaces the credit or debit card chip and PIN or magnetic stripe transaction at point-of-sale terminals by allowing the user to upload these in Google Wallet.
It is similar to contactless payments already used in many countries, with the addition of two-factor authentication. The service lets Android devices wirelessly communicate with point of sale systems using a near field communication (NFC) antenna and host-based card emulation (HCE).
How to Open Google Pay Account Step by Step
Well, opening a Google Pay account is quite easy but there are some basic requirements that you need to cover up first such as making sure that your phone has Android 5. 0 or higher.
Aside from that, you also have to be at least 18 years old alongside the necessary identification documents. So if you meet up the above requirements, you can follow the steps below to set up your G Pay Account.
- First of all download the Google Pay app from Playstore or Apple App Store
- Once you have downloaded the app, open the app
- Select Create Wallet and then Enter your GP/Skitto number
- Then choose your preferred PIN that you will not easily forget or enter the reference code if you were invited
- Press Create Wallet and then follow the prompts.
Incase you have another contactless payment app on your phone, you can make Google Pay your default payment app if you want. Should incase that is what you want, then all you have to do is move to the phone's settings and make Google Pay your default payment app.
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How Does Google Pay Works?
Google Pay also known as G Pay is actually one of the fast growing digital wallets developed by Google to engine online, in person and in person payments. Just like many other payment apps that exits nowadays, this app also allows you to send money to a bank account.
But before being able to do this, you must know how to transfer money from Google Pay to Bank Account and luckily for you, the process of doing this is quite simple as long as you already have a linked bank account to your Google Pay.
At the start, Google Pay was put in place with the main aim of allowing users to make in-app payments but it may now be used to carryout a wide range of transactions online. Also because only Android phones where able to use this app, it was termed Android Pay but today even iPhone or iPad users can benefit from the numerous advantages of this payment app.
The newly tokenized card is encrypted by Google Pay and makes it ready for payments. In order to make a purchase, a customer taps their mobile device on a point-of-sale terminal or chooses to pay in mobile app. Google Pay responds with the customer's tokenized card and a cryptogram which acts as a one-time-use password.
Can I Transfer Money From Google Pay to a Bank Account?
Yes! You are able to transfer money from Google Pay to your linked bank account. Google Pay even requires a bank account to work properly since it will be used to create a UPI PIN for your account. As soon as you have already added your bank account to Google Pay, you will be able to withdraw funds to your bank without fees and without any hassle.
More to that, if you are a resident of India, you will be able to transfer money from Google Pay to other bank account without having to pay charges to complete the transaction.
How to Send Money from Google Pay to Bank Account
First of all, you need to have money in your Google Pay Account and once it is done, you can transfer it to your bank account with just a few taps on your mobile device. With Google Pay, you are able to transfer money to your Bank account without charges and this can be done in 3 steps that you will see below.
Step 1: Setup a Google Pay Account
This first step has already been outlined above at the start of this article so you can just scroll back up and glance through it so as to know how to set up your Google Pay Account.
Step 2: Add your Bank Account to Google Pay
For Google Pay to work with ease, it needs a Payment method, and the most suitable payment method that works with Google Pay is a bank account. Follow the below steps in order to add your bank account to Google Pay;
- On your device, open Google Pay and tap your photo found at the top right
- Tap Add Bank Account
- From the list, select your Bank
- Select the account you want from the list of accounts that shows up
- You will have to verify your mobile number with the bank
- Once you have done that, enter your UPI correctly
- If you do not have the UPI PIN, you can add your debit card details to verify your account
Step 3: Transfer Money from Google Pay to your Bank Account
So here comes the final step where you will have to send money from Google Pay to your Bank account. In order to transfer money from Google Pay to Bank account, you can follow the outlined steps below;
- Open the Google Pay app
- Press your profile icon that you find at the top right corner of the screen
- Below your profile, click on "Google Pay Balance"
- Tap "Transfer Out"
- Enter the amount that you desire to transfer and then press Next
- Choose a payment method which in this case is no other than your bank
- And finally tap Cash Out.
Can I Use Google Pay Without a Bank Account ?
To be honest, you are not able to make use of Google Pay without a bank account because, even if you use a debit card, the debit card must be linked to a bank account that serves as a funding source. However, if you have a bank account linked to your G Pay account, you will receive better services.
It's also necessary to note that you can't use someone else's bank account. To use Google Pay, you must have a bank account. Transactions will fail if your bank account information does not match your Google Pay account profile information. As a result, you will be unable to transfer funds from your G Pay account to another person's bank account.
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How to Transfer Money from Google Pay Using a Mobile Number
You can transfer money from Google Pay via a Mobile number, follow the steps below so as to know how to go about this;
- Choose the phone number option found under transfer money.
- Now, type in the mobile number of the individual to whom you want to send money or tap the small contact icon to select the phone number.
- Press the Blue Pay button you see at the Bottom.
- Enter the amount you desire to transfer and then add a note.
- Now, select the bank account that you want to use to make this payment.
- Tap Pay and then enter your UPI PIN.
- And once you have done all these, tap submit and your transaction will be completed.
How to Transfer Money from Google Pay to a Mobile Number
Open Google Pay on your iOS or Android device. At the bottom of the screen, select New Payment. Select Bank Transfer as your payment method. Now, enter the account number of the person to whom you want to send money, re-enter the same account number, enter the IFSC code, and finally, type the recipient's name.
How to Transfer Money from Google Pay to iPhone
Launch Google Pay. Tap "New payment" in the screen; this will take you to the payment options screen, where you must select the Bank transfer option. When you select bank transfer, the screen will prompt you for the following information. Re-enter the recipient's account number.
How to Transfer Money from Google Pay to Other Bank Account- External Bank Account
With Google Pay, you are able to transfer money to other bank accounts that is not found in your payments methods but however, this is not made available in any country. This is only possible in mainly 2 countries which are USA and India.
In order to transfer money from Google Pay to another bank account, you can follow the steps below.
- On your mobile device, open Google Pay.
- On the home screen, tap "New Payment" as this will take you to payment options.
- On the next screen you will have to select bank transfer.
- When you choose bank transfer, you must provide the following information, Name of the Recipient, Re-enter the recipient's account number, The IFSC code.
- Submit these details and proceed by clicking on "Continue".
- You will have to select a bank account on the next page and tap on proceed to pay.
- Enter your UPI Pin in order to complete the transaction.
How Long Does it Take to Transfer Money from Google Pay to Bank Account?
It may take 1 to 3 business days for a complete transfer from Google Pay to your bank account to arrive in your bank account. You can track the status of your transactions by going to the Insights tab and checking all of the "All transactions" sections.
How to Transfer Money from Google Pay to Debit Card
If your debit card is already linked to your Google Pay account, you can transfer money from Google Pay to it. Before you can withdraw money from Google Pay to a debit card, you must first add your card as a payment method in your Google Pay account.
In Order to add your Debit Card to Google Pay, you can follow the steps below
- Sign in to pay.google.com payment methods section.
- At the bottom of the screen, click Add payment method.
- Select Add credit or debit card.
- Enter the details for your debit card.
- If you are required to verify your payment method, select one from the available options.
- Follow the on-screen instructions.
How do I Close my Google Pay Account?
You can close your Google Pay account if you no longer want to use it because G Pay will never force you to keep the account active. To close your Google Pay account, follow the steps outlined below. You must use all of the money in your account because you will lose it if your account is closed.
You should also understand what it means to close your G Pay account. You will never be able to view your transaction history, make online purchases, or send money to others. When you close your account, you lose all of your data, including debit card information, bank transfers, and transaction history.
Which Countries Support Google Pay?
It is important to note that Google Pay is not available in all countries. Google Pay is available in about 30 countries, including the ones listed below.
Australia, Belgium, Brazil, Canada,Chile, Croatia, Czech Republic, Denmark, Finland, France, Italy, Japan, New Zealand, Norway, Poland, Russia, Singapore, Slovakia, Spain, Germany, Hong Kong, India, Ireland, Sweden, Switzerland, Taiwan, Ukraine, United Arab Emirates, United Kingdom, United States.
Final Thoughts on How to Transfer Money from Google Pay to Bank Account
Google Pay is a web based payment service that lets you make real time payments to or from your bank account via the Unified Payment Interface (UPI). Well Google Pay actually has numerous advantages over the other payment method but the best feature of Google Pay comes at the level of you being able to transfer money to a bank account without charges.
You will not be prompted to pay for any charges when transferring money from Google Pay to your Bank Account or any other bank account.
Google Pay is a Google online payment service. You can use the app to send and receive money from other Google Pay users, as well as transfer funds to a bank account. The app is not available in every country, and you should check to see if your country is supported before attempting to open an account.
Surprisingly, Google Pay is available in some countries. If you no longer require Google Pay services, you can permanently deactivate your account.
Frequently Asked Questions
How long does it take for Google Pay to transfer to bank?
You can transfer out money from Google Pay to a debit card or bank account. With your bank account, the pending transaction takes up to 1–3 business days.
Where can I withdraw money from Google Pay?
Google Pay lets you withdraw money at any ATM that has the contactless symbol. It's easy to use, and you get access to some quick funds. Naturally, as with any ATM, daily limits will apply based on your own bank and accounts cash withdrawal limit.
What is the limit of Google Pay transfer?
You may reach a daily limit if: You try to send more than ₹1,00,000 in one day across all UPI apps. You try to send money more than 10 times in one day across all UPI apps. You request more than ₹2,000 from someone..