We are gradually moving to a digital era, and people believe sending money anonymously or without verification is key to maintaining healthy finances.
A bank account is a financial account that typically lets you hold money and carry out a lot of financial transactions.
In fact, before the digital payment giants, bank accounts were the primary places we had in mind whenever we want to make a money transfer or even store funds.
Over the years, the fintech industry has noticed significant improvements, especially with bank accounts—it is now even easier to send money through a bank account.
All you need is the recipient's account number and/or routing number, the name, and click through some tabs to send money.
However, following the increasing number of cybercrimes and privacy violations, some people choose to send money from their bank accounts without verification.
To help you out, we've compiled the different ways to send money from bank account without verification.
Table of Contents
Can You Send Money From Bank Account Without Verification?
Yes, you can send money from a bank account without verification.
Banks impose some level of security at the account level to comply with banking regulations and secure customers' financial accounts.
With that said, there's basically a verification required to be done whenever you need to send money from your bank account.
The most popular security measure used by most banks to authorize money transfers is Two-Factor Authentication (2FA).
The feature is automatically enabled when you open your account and provide your phone number and email address, and anytime you send money, you'll be asked to verify that you're the legal owner of the account by providing the one-time passcode (OTP) sent to the registered number.
Once you verify the OTP, you'll be authorized to continue the transaction.
The good thing is you can bypass this verification in two ways, which we'll see later.
How To Send Money From Bank Account Without Verification
As earlier mentioned, sending money from bank account without verification is possible, and there are two ways to do it.
1. Disable 2FA For Your Account
By default, 2FA is available and enabled for most bank accounts once they've been opened.
The 2FA comes into play whenever you need to verify your identity through a one-time passcode (for example; during login and money transfer processes).
While most banks won't let you disable 2FA, a few of them let you disable this feature so you can send money without having to provide a one-time passcode.
Nonetheless, keep in mind that disabling this feature might make your account more vulnerable to attacks. So do this only if sending money from your bank account without verification is a necessity.
2. Use Money Transfer Apps
Money transfer apps also known as digital payment apps are becoming increasingly popular in this digital era.
In fact, roughly 79% of Americans go in for and use money transfer apps for making financial transactions, according to a NerdWallet survey.
This is because they offer a quick, easy, and convenient way to transfer money from one account to another.
Some of the top players, such as Cash App, PayPal, and Venmo, let you send money anonymously—that is, without verification. As a result, they are considered as untraceable money transfer apps.
All you need to do is link your bank account to these money transfer apps and start sending money anonymously.
One common characteristic of these money transfer apps is they keep the transaction details private only between the sender and the receiver.
Cash App makes anonymity even more meaningful, as it let you transfer funds only with your $Cashtag. Your $Cashtag must not match your name—meaning, the receiver won't even know you're the one that sent them money.
Can I Link Bank Account Without Verification?
Yes, you can link bank account without verification.
However, not all banks will let you do this since you'll need to disable 2FA to link two bank accounts without verification.
Nonetheless, you'll be required to do one or more verifications besides 2FA to link bank accounts.
How To Send Money With Checking Account Number Instantly
Sending money with a checking account number instantly is very easy and straightforward.
If you're sending the funds to a local bank account, then all you'll need to do is follow the normal procedure for sending funds offered by your bank.
If you're looking to send money with checking account number instantly in a more flexible and quick way, I'll recommend using money transfer apps.
Instant ACH Transfer No Verification
If your bank supports ACH transfers, you can transfer funds through the ACH network.
However, since ACH transfers are made through a network, it's tricky to make an instant ACH transfer no verification.
Nonetheless, you can use mobile payment apps such as PayPal to make an instant ACH transfer no verification.
Instant Bank Transfer Without Debit Card
Bank transfers don't usually require the use of a debit card.
What you'll need is the recipient's account number to make a bank transfer.
You can use a mobile payment app to make the transfer more convenient and quick.
Instant Transfer With Routing And Account Number
Instant transfer with routing and account numbers is very easy and straightforward.
In fact, it is more like transferring money through the normal transfer procedure offered by your bank.
You'll typically need to enter the recipient's account and routing number where required to send your recipient funds.
Again, you can use money transfer apps to ease the process.
Frequently Asked Questions
How can I send money with my bank account without verification?
The best way to send money with your bank account without verification is using money transfer apps. While they'll require some verifications from your side, it wouldn't be as thorough as bank requirements.
Is an app that allows you to send money without knowing the bank details?
Yes, there are a multitude of them. Apps like Cash App and Venmo let you transfer money without knowing the bank details of the recipient. All you'll need is the recipient's username, phone number or email address to send them money.
Can someone take money from bank account without OTP?
Yes, someone skilled enough can take money form your bank account without OTP. They can also clone your phone number and receive OTP codes through it which they'll use for making money transfers from your account.
Final Thoughts
Bank accounts are those financial accounts that allow us make a couple of financial transactions without hassle.
Over the years, they've become more sophisticated as most banks are looking to comply with banking standards and secure customers' finances.
This guide compiles the different ways to send money from a bank account without verification.
While most banks won't let you disable 2FA, a few of them still let you play with this feature, but keep in mind that you'll be required to complete another type of verification to transfer funds.
However, I'll recommend using money transfer apps for making anonymous payments since they are fast, secure, and convenient as compared to some banks.