How to transfer google pay balance to bank account

Google Pay is a well-known online payment app. Here is a step-by-step guide you can follow to send money to an external bank account on Google Pay.

Google Pay: Here's how you can send money to external bank account | Representational image

By India Today Web Desk: Google Pay is an online payment app that allows users to make payments directly from or to a bank account in real-time over Unified Payments Interface (UPI). To use Google Pay you just need an Internet connection, an Indian bank account, and an Indian phone number. The best part is you can send money to someone's bank account directly even if the receiver is not on Google Pay with a zero fee affair.

The app even allows you to send money to an external bank account. There are various methods through which you can send or receive money on Google Pay. Here is a step by step guide you can follow to send money to an external bank account on Google Pay.

How to send money to external bank account on Google Pay

To pay one of your contacts, no matter where in India they are, you can follow the below-given steps:

Step 1: First, open Google pay on your smartphone.

Step 2: On the home screen tap "New payment", it will take you to payment options.

Step 3: On the new screen tap Bank transfer option.

Step 4: Once you chose bank transfer, the screen will ask for the following details.

• Recipient Name
• Recipient account number and re-enter once again.
• IFSC code

Step 5: Enter all the required details and tap Continue.

Note: Just make sure you enter the correct details. Because once you send the money, the transaction can't be cancelled.

Step 6: Enter the amount. If you want then you can also add a description and tap done (proceed arrow).

Step 7: On the next page, select a bank account and tap Proceed to pay.

Step 8: Enter your UPI PIN and tap done (tick).

That's it! When the money has been sent, you'll get a notification. You'll also receive an SMS from your bank with the debited amount. However, by any chance, if your transaction to your contact's bank account fails, then the bank might debit the money from your bank account and then refund it. If the amount is credited, you will receive two SMSs for the refund.

READ | Google Pay: How to report a transaction issue

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READ | How to use Google pay: A complete guide

Published On:

Dec 3, 2020

Google Pay is a simple, secure, and seamless way to pay and save, giving you helpful ways to do more with your money:

- Pay at your favorite places

- Send and receive money instantly

- Earn rewards for everyday payments

- Discover offers from your favorite places

- Understand your spending

📱MAKE PAYMENTS FAST & EASY

Send & receive money

+ Transfer money easily to friends & family safely

+ Create a group to send and receive money for things like trips, dinner, bills, rent, and more. Google Pay will even help you do the math on who owes what.

+ Money transfers are instant and free with Google Pay balance. There are no fees if you use your linked bank account to withdraw funds.

Your shared payments stay with the group

+ When you send a payment with Google Pay, it’ll stay between you and your friends. Only the people involved in the transaction will see it.

Pay contactless

+ Pay with your phone anywhere contactless payments are accepted. Just unlock it, hold it to the reader, and go.

Connect with your favorite businesses and discover new ones

+ See businesses where you’ve used Google Pay when you open the app. Get quick access to your transactions and activate offers.

Shop online

+ Use Google Pay to check out quickly and securely when you shop on websites and apps.

💵 SAVE YOUR MONEY

A more rewarding way to shop

+ Get cashback for things like paying friends. Any money you receive will go straight to your Google Pay balance so you can use it instantly.

Take your rewards even further

+ Activate offers and get cashback for redeeming them – whether you use Google Pay or your plastic card. Better yet: get twice the rewards when you redeem with a cashback credit card.

📈 SEE HOW YOU’RE SPENDING

Stay on top of your spending

+ See the total balance and weekly summaries from all of your eligible accounts in one place, so you’ll always know exactly what’s coming in and what’s going out.

+ View recent purchases and upcoming payments to see how you’re spending.

Access all your transactions with a simple search

+ With your permission, you can see activity from accounts you've linked. Import receipts from Gmail and Google Photos and then simply search for any of them.

🛡️ SAFER WITH GOOGLE

Authentication for every payment

+ You'll need to use your fingerprint, pattern, PIN, or face to verify your identity each time you open the app or make a payment — only you can pay or send money.

Keeping your private information safe

+ Try out a more personalized experience to see the most relevant offers from stores and get recommendations for ways to save. Turn it on or off at any time.

+ Manage and control personalization and other privacy settings like location preferences and contact syncing from settings.

Your cards encrypted

+ When you pay cashless with your Android phone, Google Pay shares a unique Virtual Account Number instead of your actual card number with the business, so your payment info stays safe.

Still have questions? Head over to https://support.google.com/googlepay

*Payments processed by Google Payment Corp., a licensed money transmitter (NMLS ID: 911607). Licensed as a money transmitter by the NY State Dept. of Financial Services and to Transmit Money By Check, Draft or Money Order By The Department of Banking and Securities, Commonwealth of Pennsylvania. To learn more about Google Payments, visit the Google Payments Help Center.

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