How to send and receive money without a bank account

1. Ibotta

  • Registration Bonus: $10 after you claim your first offer
  • Join Ibotta

Ibotta is a great app that is easy and fun to use. Ibotta is essentially the new-age version of couponing, except way better and more efficient, plus sustainable too.

Ibotta works by giving you cashback when you select rebates on specific items at your grocery or general store. This means you can shop at places like Walmart, Target and Wholefoods and earn cashback. 

Ibotta is not only for those weekly grocery store hauls, but it also works with some of your favorite online stores too, like Sephora and Amazon. 

To sign up with Ibotta is free and you earn a $10 bonus when you sign-up and scan your first receipt. From there you only need to earn $10 more in order to reach the cashout minimum of $20. 

If you shop regularly it can be pretty easy to reach $20 as Ibotta’s rebates can range from as low as $.40 to as high as $10. 

On average you can expect to earn between $.50 – $2.00 in rebates for the basic items you buy. 

The money you earn with Ibotta can be redeemed to your linked Paypal or Venmo account. 

While you do need to link a bank account with PayPal, you don’t necessarily need to do that with Venmo unless your account is empty and you are trying to send funds.

As another option you can choose to redeem your earnings as a gift card to one of the many retailers associated with Ibotta. Some popular gift cards include Starbucks, Amazon, or even a Visa prepaid gift card.

5. Do tasks with TaskRabbit

TaskRabbit lets you tap into an existing marketplace of people looking for help locally with chores. The tasks aren’t always small. This platform (along with others) offers bigger tasks, such as home renovations, as well.

Amazon is getting into the task business with Amazon Home Services. The services listed range from very small repairs to larger and more involved tasks that would take considerably more effort.


33. Start A Home Daycare

If you enjoy children, you could start a home daycare to take care of infants and toddlers at your home. This can be a lot of work, but if you have the right setup, are familiar with what it takes, and aren’t afraid to get some licensing, this can be a fantastic way to earn money at home.

This really does become a full time job, you can just do it from the comfort of your own place.

Income Potential: $3,000 per month

11. Website Management

Do you have some technical savvy? Are you familiar with WordPress, plugins, and more? Can you do basic updates, a little writing, or maybe sourcing freelance writers?

If so, you could easily get paid to manage websites for small businesses – especially ones in your area. Many small business owners simply don’t have the time to keep up to date on their websites, and they are willing to outsource it for a small fee. You can do this from the comfort of your own home.

Income Potential: $1,500 per month

9. Receipt Hog

  • Registration Bonus: Get 5 FREE hog slot spins with code zuss1319
  • Join Receipt Hog

Head to a store, any store, buy something, scan your receipt and earn rewards. Receipt Hog is really that simple. 

When scanning receipts doesn’t seem like enough, you also can take advantage of hog slot spins or take paid surveys. 

You can earn more spins when you upload more receipts. These spins give you a chance to earn more spins and even cash prizes and other rewards. 

The payout for Receipt Hog isn’t very high. You need 1000 points to cash out via PayPal, which equals to $5. 

An Amazon gift card payout will be easier to earn at a faster rate since the minimum is significantly less. 

17. Help with home gardening

Offering your services as a local gardener could make you enough money quickly enough to satisfy some pressing needs. There are loads of options from mowing lawns and pulling weeds to planning gardens and decor. If you pitch to enough neighbors, you’ll find at least a few takers. It’ll be worth your while.

Get a Loan

Bank accounts make borrowing easier, but it is possible to get a loan without a bank account.

Lenders often ask for your bank account details when you apply for a loan so they can fund your loan and track where the money goes. Applying without that information throws a wrench in the works. What’s more, even if you get approved, you’ll need to do something with the loan proceeds—either cash the check or store the money in a prepaid account. All of which points to the fact that borrowing is harder without a bank.

Your options for borrowing are limited when you’re unbanked. You’re probably left with less-competitive lenders like payday loan shops and car title lenders. However, fees are notoriously high when you use those sources. Before giving up hope, visit a local credit union or small community bank and ask if you can get a loan. It may take some effort to get approved, but it is not impossible.

Cashing Checks

When you get paid with a check but don't have a bank account, you have limited options for cashing it. Your best option might be to take the check to the check writer’s bank. For example, if the check is drawn on an account at Bank of America, take it to a Bank of America branch to cash it. Just be aware that you might have to pay a fee if you’re not an account holder, and that the branch might refuse to cash the check.

If you don’t need cash right away—or if you only need a small amount—a prepaid card can come in handy. Most prepaid cards allow you to make mobile deposits to your account by snapping a photo with your phone. Within a few days, you can withdraw those funds at an ATM.

Many retailers provide check-cashing services for a fee, but large retailers like Walmart might waive the fee if you transfer the amount of the check to one of their prepaid store cards. Retailers might also be willing to cash checks for you. Check-cashing stores (often in the same location as payday loan shops) also might be an option, but they’ll probably charge more.

No. 4: Launch a Physical Product and Grow a Tiny Retail Empire

Ecommerce is a red-hot industry, and tools like Shopify, Etsy, Fulfillment By Amazon (FBA), and Instagram’s Shopping feature have made it easier than ever to create and scale a product-based business — even if it’s just you to start. Successful ecommerce businesses are so in-demand, in fact, that there are entire aggregator companies like Thrasio and Perch dedicated to buying out your product-based business (for a lot of money) and adding it to their portfolio.

Physical product-based businesses differ from the previous three categories in that they usually require more upfront investment to develop and test your minimum viable product. You may not make money online in your first few months, and many ecommerce brands invest in their own website, their own online store, and their own sales channel. You’ll want to take this into consideration when weighing business ideas and selecting your online money making approach — especially if the industry you want to enter has production regulations.

Once you’ve dialed in your supply chain and your audience, however, you’ll have an online store that generates passive income while you sleep. Many ecommerce founders begin their entrepreneurial journey by inventing the product they wish they had; if you’re passionate about making a physical product you know people need, this approach might be perfect for you.

Ecommerce Earning Potential

According to a survey from JungleScout of 4,864 Amazon sellers, 44% of respondents reported making between $1,000-$25,000/month in sales. 68% of sellers reported profit margins of over 10%, and 22% of sellers reported profit margins north of 25%.

It’s important to remember that any physical product will have manufacturing and shipping costs that can eat into your bottom line at first. Leverage advertising networks, review websites, and social proof to sell online more efficiently and drive interest in your online store.

Tips to Help You Succeed in Ecommerce

Ecommerce is a different animal than the other approaches mentioned above. Keep these quick tips top-of-mind as you bring your amazing physical product to life.

  • Test your product relentlessly. What works? What could be improved? Actively solicit customer feedback on your product so you can figure out what to improve in overall design or production quality. Doing this dirty work early on will help you make money online more efficiently later.
  • Invite shoppers to join an email newsletter. A common strategy you may have seen before is to offer website visitors a discount in exchange for their email address. Email is a great way to market to your customers for free; prioritize winning over this audience above all others.
  • Leverage repeat sales. According to research from Bain & Company, an increase of just 5% in customer retention can lead to a 25%-95% increase in profits. Whoa! Acquiring customers is expensive, and it’s impossible to guarantee favorable reviews; put a post-purchase retention plan in place to maximize repeat transactions and happy customers. Referrals are easy money.

Takeaway Ecommerce sometimes requires more upfront investment in order to develop your product prototype, but if you know you have a product people want, it can be a terrific way to make money online.

5. Digital wallets

Digital wallets serve as another online payment tool you can use. Digital wallets are similar to payment apps. You may add payment information to your smartphone or smartwatch through an app. However, digital wallets store methods of payments through a unique process called tokenization, which essentially makes your information more secure.

Some digital wallets are only compatible with specific smartphones. For instance, you’ll need to have an Apple device to use Apple Pay.

Transaction limits for digital wallets

Digital wallets have a weekly rolling limit. For instance, if you use transfer $1,000 a Monday on Apple Pay, your limit will decrease to $9,000. The transaction will also count toward your limit until the following Monday.

Digital wallet

Maximum transaction limit

Google Pay

$500 to $5,000

Apple Pay


Samsung Pay


Website #6: Merch By Amazon

This is Amazon’s own Print On Demand service.

This is Amazon’s own Print On Demand service.

Similar to RedBubble that we discussed above, Amazon pays you a commission for each item you sell after removing the cost of the t-shirt and any other additional fees.

Once accepted into their program, creating and uploading products on here is easy. 

All you need to do is upload a piece of artwork onto their app. And customise the features of your product, such as the size of your design, price, product title and description. 

One major benefit of selling merch on Amazon is that you get to take advantage of the millions of customers who shop on Amazon every day. They take care of the marketing for you and bring the customers in.

As you probably already know, Amazon is currently the largest e-commerce store online. And so putting your product in front of customers isn’t much of a hard job.

Some people use Merch by Amazon as a source of side income, while others prefer to go all in and make this a full-fledged business.

Whichever option you choose is entirely up to you. Because at the end of the day, the biggest benefit is that the sales you make are completely passive.

The process of getting paid is similar to RedBubble. After Amazon deduct all of their fees, the remaining profit is paid out as a commission to your bank account. And this includes Payoneer!

This again is great, as you don’t require a credit card to pay for any items up-front. Amazon automatically do this for you.

Digital and Mobile Wallets Digital Cash App

Digital and mobile wallets are becoming an increasingly popular method to transfer money between friends or accept payments from anyone. Some of these apps, such as PayPal, still require users to have a bank account. However, there are many wallets that don’t require a connection to a bank account.

Cash allows you to send and receive funds or cryptocurrency. PayToo allows you to set up direct deposits and transfer funds from one mobile wallet to another.

In developing countries like Kenya, M-Pesa lets customers transfer funds directly from their mobile devices by withdrawing the funds from their M-Pesa accounts. It simply involves handing cash to one of Safaricom’s 40,000 agents.

My top choice if you’re looking to get started with a cash app is to get started here.

Website #9: Instagram

We all know Instagram as a network where we can vi

We all know Instagram as a network where we can view and share images with friends.

But did you know that you can also use this as a way of making money?

While there are several methods to earn money on Instagram, there is a simple yet unique way that not many people know about. 

In fact, this method that we are about to share has earned one of our good entrepreneurial friend $28,000 in the space of six months.

The way they achieved this was quite simple.

Step 1: First, they built a page around their niche.

Step 2: Next, they posted content related to their niche, with the aim of building a decent following of 50,000 followers.

Step 3: Once they built their following, they monetized this page by creating an eBook (using a free eBook creator app called Crello).

Step 4: After creating their ebook, they then built a mini website for it, using ClickFunnels. But they didn’t pay for it. They took advantage of ClickFunnels 2-week trial.

Step 5: After building a website for their ebook, they promoted their ebook on their Instagram page.

And as a result, they were able to generate $7,000 within their first week!

This is a great method to earn money on Instagram. While it does require the little investment of $8 for a website domain, the returns of your efforts can pay off tenfold, so long as you use the right strategy.

But for the sake of this article, we need to assume that we are completely broke here. 

And so as an alternative method, you can create a fan page around your niche, post related content…

…but this time, promote your own third-party print on demand store inside of your Instagram bio — whether that is on Redbubble, Amazon by Merch or Teespring. 

All of these print on demand marketplaces don’t require any money to start up with, making this whole business model 100% free.

How to Open a Bank Account Online with No Money

A bank account with no direct opening deposit is rather simple to do. Follow this step-by-step process, and you’ll be enjoying the fruits of having an online bank account.

Find an online bank account that fits your needs

Start with a simple Google search to find places where you can open a bank account online with no money.

Make sure the bank you choose is a reputable financial institution, a legitimate credit union, or a fully insured FDIC bank.

Then, choose the one that has the features you are looking for.

Navigate the website and do some research

Make sure that you read through the site to see if there are any promotions or specials that you can take advantage of and if you need to enter a promo code to do so.

For example, some online banks will give you $20 for free just to open a new account.

Enter all your pertinent information

Follow the steps to open a free bank account online, and type in all the information that the financial institution requires.

Connect another account to your new online bank account

To transfer money into your new online bank account, you’ll need to connect it with another account you own. This can be a checking account from a traditional bank, for example.

Some financial institutions may allow you to connect a third-party app, such as PayPal. Once you enter your information, you may need to verify your account, which may take a few days.

Transfer money into your new online bank account

Even though you are opening a bank account online with no money, you’ll eventually want to transfer money into it so you can start using it.

Once you open had opened your account and verified your external account, transfer some money into your new online bank account so that you can take advantage of all, it has to offer.

How to Open a Checking Account For Free

First things first, to get a free checking account, you’ll need to choose the bank or credit union you want to open an account with.

Once you’ve done that, the next step is to gather the required documents. For most banks, you’ll need your Social Security number and a valid form of ID. You may also need your current address, email address, and phone number.

After you have everything gathered, the next step is to fill out an application. You can do this usually, but some banks may require that you come into a branch to do it.

If you’re filling it out online, make sure you have all of the required information on hand. Once the application is complete, submit it and wait for the bank to approve your new account.

Once it is, you’ll receive a welcome packet in the mail with more information on how to activate your account and start using it.

How to Open a Bank Savings Account For Free

The process for opening a savings account is similar to opening a checking account. The first step is to choose the bank or credit union you want to open an account with.

Gather the required documents, which will be your Social Security number and a valid form of ID for most banks, then fill out an application.

If you’re filling it out online, make sure you have all of the required information on hand and finish your application.

3. Gift cards

Stores and some financial institutions have gift cards available. You can send money to an unbanked individual in the form of a gift card, but keep in mind that its usage is restricted to a specific purpose. 


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