Phone banking is now a reality. Transferring money from bank to bank is no longer something that requires a lot of effort. It is not required to visit a bank or issue a cheque. Nowadays, it is possible to transfer money from bank to bank using different mobile apps.
There are several different bank money transfer apps that can be used to transfer money from one bank account to the other. Almost every bank has its own mobile banking app that helps to transfer funds. Apart from this, because of Unified Payments Interface, it is also possible to directly transfer money to a bank account even without having a particular bank’s app.
Following are 5 bank to bank money transfer apps:
1. BHIM UPI:
BHIM is the app launched by the National Payments Council of India (NPCI). The UPI system to transfer money has completely changed the payment ecosystem. It is no longer necessary to send bank account numbers to receive payments. It can all be done with the help of a UPI ID. BHIM is one of the best bank to bank money transfer apps. Each bank has its own version of the UPI app, but the best ones are ICICI, HDFC and SBI.
2. HDFC Mobile Banking App:
HDFC’s mobile banking app is one of the most seamless and convenient apps for transferring money. It has a user-friendly interface and its own secure login checks to ensure each transaction is valid. The app also has an extension called HDFC Chillr which is a bank money transfer app.
3. PhonePe:
PhonePe is one of the biggest UPI apps in the country. Transferring funds from one bank account to the other is very convenient with PhonePe. The user interface has been designed in such a way that even a layman can use it. The funds directly get credited to the bank account. It is possible to connect different bank accounts to one PhonePe account.
4. SBI Buddy:
SBI Buddy is SBI’s bank to bank money transfer app. It is not required to be an SBI customer for creating a Buddy account. The money transfer process is convenient, quick, and seamless.
5. Oxigen:
Oxigen is an RBI certified bank money transfer app. It was India’s first non-bank wallet which tied up with the NPCI for its operations. The bank to bank transfer is done via IMPS (Immediate Payment Service) or NEFT. It can also be used to make bill payments and for online shopping.
There are several different bank money transfer apps that can be used to transfer money from one bank account to the other. Almost every bank has its own mobile banking app that helps to transfer funds. Apart from this, because of Unified Payments Interface, it is also possible to directly transfer money to a bank account even without having a particular bank’s app.
Following are 5 bank to bank money transfer apps:
1. BHIM UPI:
BHIM is the app launched by the National Payments Council of India (NPCI). The UPI system to transfer money has completely changed the payment ecosystem. It is no longer necessary to send bank account numbers to receive payments. It can all be done with the help of a UPI ID. BHIM is one of the best bank to bank money transfer apps. Each bank has its own version of the UPI app, but the best ones are ICICI, HDFC and SBI.
2. HDFC Mobile Banking App:
HDFC’s mobile banking app is one of the most seamless and convenient apps for transferring money. It has a user-friendly interface and its own secure login checks to ensure each transaction is valid. The app also has an extension called HDFC Chillr which is a bank money transfer app.
3. PhonePe:
PhonePe is one of the biggest UPI apps in the country. Transferring funds from one bank account to the other is very convenient with PhonePe. The user interface has been designed in such a way that even a layman can use it. The funds directly get credited to the bank account. It is possible to connect different bank accounts to one PhonePe account.
4. SBI Buddy:
SBI Buddy is SBI’s bank to bank money transfer app. It is not required to be an SBI customer for creating a Buddy account. The money transfer process is convenient, quick, and seamless.
5. Oxigen:
Oxigen is an RBI certified bank money transfer app. It was India’s first non-bank wallet which tied up with the NPCI for its operations. The bank to bank transfer is done via IMPS (Immediate Payment Service) or NEFT. It can also be used to make bill payments and for online shopping.
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