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Venmo can instantly transfer money to your bank account
Venmo's instant transfers are no longer limited to sending money to debit cards. The PayPal-owned service now permits transferring money immediately to linked bank accounts. It still incurs the same 1 percent fee with a minimum 25-cent transfer cost and a maximum $10 outlay. If you can tolerate that, though, it might just save your hide if you're running low on funds or just want assurances that money is sitting in your bank account.
PayPal opens instant bank transfers in the US
PayPal made it possible for businesses to get paid instantly, but what if you're an individual who just wants funds in a hurry? You might be set after today. The payment service has launched an Instant Transfer option in the US that shuttles money directly to your bank account, not just your debit card. It'll carry a 1 percent transaction fee and isn't worth it in most cases, but it could be vital if you need to pay a bill and would rather wait seconds for your funds instead of hours or days.
