4 Ways to Transfer Money from an ATM/Debit Card to Another Bank Account Online

Internet Banking, Mobile Banking and App-based banking have become the alternative to liquid banking, also known as cash banking. Since the 2016 Indian banknote demonetization, most of the companies, stores, shops and even the individuals have switched to the other alternative to the cash transactions, but still, many people are far away from these types of banking.

Online Fund or Money Transfer from one bank account to another bank account is pretty much possible, but in another hand, it is only meant for those account holders who have an internet banking facility or the net banking where others face difficulty in sending money to their friends and family using ATM cum Debit Card.

In this article, we have listed the 4 Ways of Transferring Money from ATM Card to another Bank account, and that’s online. Some of these apps have changed since we first wrote this guide in 2017; the notes under each method say what is different now.

Four ways to Transfer Money Online Using ATM Card to another bank:

1. BHIM APP

Bharat Interface for Money (BHIM) based on the Unified Payment Interface (UPI) developed by the National Payments Corporation of India (NPCI) as an alternative payment based app to the apps like PayTM, MobiKwik and PhonePe etc.

You can transfer money using BHIM app, which is available free of cost on Google Play and the Apple App Store.

BHIM app has a feature to send and request money where you can transfer the money to any national bank in India. The BHIM app has three modes of fund transfer:

1. Bank transfer using Beneficiary Name, account number and IFSC
2. UPI address
3. UIDAI Aadhar Card number

To transfer money using BHIM app, you have to download and install the BHIM app after which you have to register using the mobile number linked to your bank account (the SIM must be in your phone), and set a UPI PIN using your debit (ATM) card or your Aadhaar.

Once you have successfully registered, the next step is transferring the money. To transfer the money using BHIM app:

• Open the BHIM app and enter the security code.
• Tap on the Send option and chose the option A/C+IFSC
• Enter the beneficiary details and tap on the send
• Confirmed the payment by entering the passcode.

2. PayTM APP

We have already covered in detail on transferring money to another bank account using Debit Card and the PayTM app.

PayTM one of the most substantial App-based payment and online shopping company in India launched by the One97 Communications Ltd. came in trend after the 2016 Indian banknote demonetisation where most of the stores have adopted PayTM as one of the most preferred payment modes.

Update: the wallet route described below relied on the Paytm Payments Bank wallet. Under Reserve Bank of India directions, no top-ups have been allowed in Paytm Payments Bank wallets since 15 March 2024; existing balances can still be used or withdrawn. To send money from your bank account today, use the UPI option in a payment app instead.

PayTM offers various payment facilities including PayTM to bank transfer where you can use this option to transfer money from your PayTM account to another bank account it could take your account or any other person’s account.

To transfer money using Debit Card to another bank online through Paytm:

• Download the PayTM app and signup/login
• Add money to your wallet using your ATM Card or Net Banking or Credit card etc.
• Once you have successfully added money to your PayTM wallet, the next step is transferring the fund.
• Tap on the Home button and tap on the Passbook icon
• In the Passbook option, draw on the Send money to the bank
• In the Send money to the bank, tap on the Transfer button
• On the Transfer balance to the bank page, Enter the beneficiary details (like Account number, name, IFSC Code and amount) and tap on Proceed and confirm the payment process.

3. PhonePe

PhonePe is another financial payment and recharges application available for iOS, Android and Online users to make online transactions, pay bills and recharge D2h to mobile and Metro cards. It has in-built functionality to transfer money from one account to another account using IFSC Code, UPI Code and Mobile number.

Download the PhonePe app from the Google Play Store or App Store if you are an iPhone user and signup using your mobile number. Once you’ve signed up, link your bank account using your ATM card no matter whether you have MasterCard, VISA or RuPay it supports all the cards.

Once you have successfully linked your bank account in your PhonePe, you will be able to send money to anyone using his or her UPI or Bank account with IFSC Code.

To send money using PhonePe:

1. Open the PhonePe app and click on To Account option given under the section Money Transfers.
2. If you have UPI ID of the person to whom you want to send the money, then simply enter his or her UPI ID in the field provided above the PhonePe in the To Account option otherwise click on Add Bank Account if you want to send money to a bank account using the Account number and IFSC Code.
3. On the Add Bank account page, fill the details like IFSC, Account Number, Confirm account number, Account holder name and confirm once you have fielded all the mandatory fields
4. On the next page, Enter the account and tap on the Send button to send the money.

4. PeSave by Yes Bank

Update: in November 2026 we could not find the PeSave app on Google Play or on YES BANK’s website, so this method may no longer be available. The steps below are kept for reference.

You can also use the PeSave Smart Banking facility by Yes Bank India Ltd. which also let you transfer money to any national bank in India.

It is meant for those who have Aadhar Card were to use PeSave, you have to sign up using the PeSave app available on Play Store and iTunes.

Download the PeSave app and sign up using your Aadhar card, once you have registered to add funds to your Pesave account and transfer it.

To transfer money/ fund using PeSave app:

• Open the app and tap on the Transfer button.
• Tap on the “To” field and then on the “Add Payee” option.
• On the Add Payee page, add the Beneficiary details.
• Return to the Send Money option and select the Payee.
• Enter the amount in the “How much” field and tap on the “Send Money” button to transfer the fund.

There are several other apps like PhonePe and MobiKwik etc. using which you can transfer money online using ATM Card to another bank account. Never share your UPI PIN, card PIN or OTP with anyone; read how to protect yourself from UPI frauds, and if your card is blocked after wrong PIN attempts, see what to do when your ATM card is blocked.