Hello, r/Banking! I am an artist (and minor, though 16 years old), and I was wondering if there was any way to transfer money from one account to another without using some kind of app (PayPal, CashApp, etc.), as my mother and I do not trust that these services are safe and secure when dealing with my customers outside of my own family or friend group (She has been hacked by the thousands many times over). I know it will always be a bit of a hassle to do things the old-fashioned way when the world is digitalizing, but I must keep my family and my funds protected.
I am currently trying to figure out how to receive money for a whopping four commissions (with more pouring in), so speedy replies are greatly appreciated!
Edit: I have found that there is a “standing order” system that may be used instead of using a card. Can the business set up a standing order system or only the customer? Is the business protected if their customer receives their service but does not give the money that they owe? What happens on each side (the business and the customer) in order for the bank(s?) to collect information, while keeping either side from knowing each other’s information?
Most of the major banks have Zelle as part of their app and website. It’s similar to PayPal but it goes directly to accounts instead of a third party app.
Or you could take money orders.
write yourself a check. You can link bank accounts depending on your banks online features.
If you both bank at the same bank, you can make a withdraw from your account and then deposit it into hers as long as you know her account number. If you both bank at different institutions, then you can write whatever form of check you feel comfortable with and give it to her.
Standing orders are for regular payments, not one offs. It seems that you’d be best writing a cheque to her.