How to transfer money


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Transfer money to non-members

There are many services that you can use to easily transfer funds to others.

Learn more

Sending money to others is easier than ever, and you have many payment service options.

What do these three activities have in common: splitting the tab, paying rent and giving your child an allowance?

All three transactions can be done through money transfers using electronic payment services like Venmo and Cash App. Here are some of the most popular options and how you can use them in tandem with your Consumers account.

Consumers Online Banking

Online Banking allows you to set up transfers between your accounts and the Consumers accounts of others. Money may also be transferred between a Consumers account and an account at a different financial institution. Learn how here.

Another option for electronically transferring money is to link your Consumers account or debit card to one of the payment services listed below. In general, these services allow you to link your bank account or hold money in an account with them.

Cash App

With Cash App, you use a phone number, scanned QR code, or a unique identifier called a $cashtag to pay someone or have them pay you. Both the sender and receiver need to set up a Cash App account to use the service. Making payments with a debit card or linked bank account is free, but if your use a credit card there’s a 3% fee.


Initially, PayPal was designed for commercial transactions. It gained early popularity by streamlining payments for eBay purchases. However, you can now use it to pay and receive money from individuals. Money transfers are free when the funds come from your PayPal balance or linked checking account; fees apply if you use a debit or credit card.


Venmo (which is owned by PayPal) was designed for personal use. Online and in the Venmo app, you can send money to friends, receive money from friends and pay businesses. There are no fees to send money from a linked bank account, debit card or your Venmo account, but there is a 3% for sending money using a linked credit card.

Zelle is another popular service that allows free individual money transfers. At this time, Consumers members can receive Zelle payments, but cannot send money through that platform.

Keep in mind that payment services may change their fees and rules; the information above is accurate at the time this article was written. And, if you’re using a payment service for business, there is usually a fee for receiving money.

For more information on these services, click here.

What if you need to transfer money between apps?

Some apps allow you transfer money directly. For those that don’t, you can move the money to your linked Consumers account and then the app you wish to use.

There you have it. No handling cash. No ATMs. No hassles of mailing a check and hoping it arrives on time. Electronic money transfers make sending and receiving money easy and convenient, especially when you link your Consumer account to a payment service account.

Consumers provides banking services for more than 100,000 members. If you have banking questions, call us at 800-991-2221. We make it easy to bank how you want, when you want.

Please note: Consumers is not affiliated, associated, authorized, endorsed by, or in any way officially connected with PayPal, Venmo, Zelle or Cash App. All product and company names are trademarks or registered trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them. Federally insured by NCUA

Transfer money to non-members

There are many services that you can use to easily transfer funds to others.

Learn more

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