It’s no secret that having a bank account is an essential part of managing your money. It’s a safe place to keep your cash, and it allows you to easily access your money when you need it.
But can you make money without a bank account?
You can make money without a bank account. Some of the methods you can use to receive payment include PayPal, checks, prepaid debit cards, money order services, and mobile wallets. However, check their pros and cons to determine which ones suit you best.
This blog post will outline five methods to receive money without a bank account.
So, whether you need some quick cash or are looking for a more sustainable income stream, these methods will help you get started.
I am all for Crypto – And crypto is The #1 New Way to transfer money without a bank account. But I know that not everyone is pro crypto.
So this blog post is for different avenues to explore. – Otherwise there is also cash, but I know that’s just too obvious, right
Read on for insights into these and some money-making ideas for non-bankers.
5 Methods To Receive Money Without a Bank Account
In today’s world, it’s becoming increasingly difficult to get by without a bank account. Many employers will only deposit paychecks into accounts, and many bills can only be paid online or by using a debit card. However, there are still ways to receive money without a bank account.
Here are seven methods to receive money without a bank account:
#1. Open a PayPal Account
PayPal is one of the most popular online payment processors, and it can be a great way to receive money without a bank account. With PayPal, you can request payments from others and have the funds deposited into your account.
From there, you can transfer the money to a linked debit card, or you can keep the money in your PayPal account and use it to make purchases online.
Pros of Using PayPal
- It’s a fast and easy way to receive money from others.
- You can use the PayPal app to send and request money and track your account balance.
- PayPal is a secure way to receive money, as all transactions are encrypted.
Cons of Using PayPal
- You may be charged fees for certain transactions, such as receiving money from someone in a different country.
- There is a limit to the amount of money you can receive in your PayPal account.
- Your customers or clients will need to have a PayPal account to send you money.
#2. Ask for Checks
Although it may seem old-fashioned, you can still ask to be paid by Check. Doing so may come in handy if you need to receive money from someone who doesn’t have a PayPal account or another online banking method.
To ask for a check, simply provide your name and mailing address to the person who is sending you money. Once they receive your information, they can write a check and send it to you by mail.
Pros of Being Paid by Check
- You don’t need a bank account to receive a check.
- You can cash checks at most banks and check-cashing stores.
- You can deposit a check into someone else’s bank account if you need to.
Cons of Being Paid by Check
- It can take a few days (or even weeks) to receive a check by mail.
- There is a risk of the check getting lost in the mail.
- You’ll need to visit a bank or check-cashing store to cash the check, which may require a fee.
#3. Get a Prepaid Debit Card
Prepaid debit cards are another way to receive money without a bank account. With a prepaid debit card, you can have your paycheck deposited directly into the card. You can also load money onto the card in cash, which can be helpful if you’re paid in cash.
Once the money is on the card, you can use it to make purchases or withdraw cash from an ATM. Just be aware that there are usually fees associated with using a prepaid debit card, so be sure to read the fine print before you sign up for one.
Pros of Using a Prepaid Debit Card
- You can use the card to make purchases anywhere that accepts debit cards.
- You can withdraw cash from an ATM with a prepaid debit card.
- Prepaid debit cards are accepted by most employers.
Cons of Using a Prepaid Debit Card
- There may be fees for activating the card, loading money onto the card, and making purchases.
- ATM withdrawals may also incur fees.
- Your prepaid debit card may have a spending limit.
#4. Use a Money Order Service
If you need to receive money from someone but don’t want to give them your personal information, you can use a money order service. With a money order service, you can pay for a money order with cash, and then have the money order mailed to you.
Once you receive the money order, you can take it to a bank or check-cashing store to cash it. Just be aware that there may be fees associated with buying and cashing a money order.
Examples of money order services include:
- The US Postal Service
- Western Union
Pros of Using a Money Order Service
- You don’t need to provide your personal information to anyone.
- You can cash money orders at most banks and check-cashing stores.
- Money orders are a secure way to receive money.
Cons of Using a Money Order Service
- It can take a few days (or even weeks) to receive a money order by mail.
- There is a risk of the money order getting lost in the mail.
- You’ll need to visit a bank or check-cashing store to cash the money order.
#5. Use a Mobile Wallet
A mobile wallet is a digital version of your wallet that you can use to store, send, and receive money. To use a mobile wallet to receive payments, follow these steps:
- Download a mobile wallet app on your smartphone.
- Create an account and add your personal information.
- Request money from someone by entering their contact information or QR code.
- Once they approve the request, the funds will be sent to your mobile wallet.
Examples of mobile wallets include:
- Apple Pay
- Google Pay
- Samsung Pay
Pros of Using a Mobile Wallet
- You can receive money instantly.
- Most mobile wallets are free to use.
- You can use a mobile wallet to make purchases at stores that accept contactless payments.
Cons of Using a Mobile Wallet
- You need a smartphone to use a mobile wallet.
- Not all retailers accept mobile wallet payments.
- Your customers need to have a mobile wallet to send you money.
The following table lists the mentioned methods of receiving payment without a bank account and their pros and cons:
Allows you to send invoices.
Your customers must have an account.
|Checks||You don’t need a bank account. |
You can cash Checks at most banks and check-cashing stores.
You can deposit a Check into someone else’s bank account.
|It can take longer to receive a Check by mail.|
The risk of the Check getting lost in the mail.
The bank or check-cashing store may require a fee.
|Prepaid Debit Card||Allows you to make purchases anywhere that accepts debit cards.|
You can withdraw cash from an ATM with a prepaid debit card.
Accepted by most employers.
|Fees for activating the card, loading money onto the card, and making purchases.|
ATM withdrawal fees.
|Money Order Service||No need to provide your personal information to anyone.|
You can cash money orders at most banks and check-cashing stores.
Secure way to receive money.
|It can take a few days (or even weeks) to receive a money order by mail.|
The risk of the money order getting lost in the mail.
You’ll need to visit a bank or check-cashing store to cash the money order.
|Mobile Wallet||You can receive money instantly.|
Free to use.
You can use a mobile wallet to make purchases at stores that accept contactless payments.
|You need a smartphone.|
Not all retailers accept mobile wallet payments.
Your customers need to have a mobile wallet to send you money.
Ways To Make Money Without a Bank Account
Now that we’ve gone over some ways to receive money without a bank account, let’s look at some ways to make money without a bank account. After all, what good is receiving money if you don’t have any way to make it in the first place?
Here are a few ideas:
1. Sell Items Online
One way to make money without a bank account is to sell items online. If you have old furniture, electronics, clothes, or other things that you no longer need, you can list them for sale on websites like Craigslist, eBay, or Amazon.
When someone buys your item, you can have the money sent to you through PayPal or with a prepaid debit card. Just be sure to read the terms and conditions of each website before you list your items for sale.
2. Do Odd Jobs
Another way to make money without a bank account is to do odd jobs for people in your community. That could include walking someone’s dog, mowing someone’s lawn, or doing odd jobs around the house.
You can usually get paid in cash for these types of jobs, so you won’t need a bank account to receive your earnings. Besides, getting paid in cash is often easier than getting paid with a check or money order.
3. Start a Daycare Business
If you love children and have a lot of energy, you could start your own daycare business. To get started, all you need is a few toys, some arts and crafts supplies, and a safe place for the kids to play.
Once you get your business up and running, you can start charging parents for your services. Many daycare businesses are run out of people’s homes, so you don’t necessarily need to rent or lease space. That makes starting a daycare business a great option if you don’t have a lot of money to invest.
Caveat: Starting a daycare business is a big responsibility, so be sure you’re up for the task before getting started.
4. Become a Personal Shopper
If you enjoy shopping, you could make money by becoming a personal shopper. Personal shoppers help busy people with their shopping needs, whether it’s buying groceries, picking out clothes, or finding the perfect gift.
To become a personal shopper, you’ll need to be organized, detail-oriented, and good at communication. You’ll also need to have a flexible schedule, as you’ll likely be working odd hours to accommodate your clients’ needs.
5. Offer Pet-Sitting Services
If you love animals, you could make money by offering pet-sitting services. That could involve feeding and walking pets while their owners are away, or simply checking in on them to ensure they’re doing okay.
To get started, you’ll need to:
- Create a profile on a pet-sitting website or app.
- Undergo a background check (if required by the website or app).
- Get certified in pet first-aid (optional but recommended).
- Bid on pet-sitting jobs posted near you.
Examples of apps and websites where you can find pet-sitting jobs include:
6. Provide Virtual Assistant Services
Another way to make money without a bank account is to provide virtual assistant services. Virtual assistants help with various tasks, such as:
- Scheduling appointments
- Sending emails
- Managing social media accounts
To become a virtual assistant, you’ll need strong administrative and organizational skills. You should also be comfortable using various computer programs, such as Microsoft Office and Google Suite.
7. Start a Handyman Business
If you’re good at fixing things around the house, you could start your own handyman business. As a handyman, you’ll be responsible for tasks like:
- Hanging pictures
- Assembling furniture
- Fixing leaky faucets
To get started, you’ll need to create a list of the services you offer and set your prices. You should also consider getting liability insurance to protect yourself in case of accidents.
8. Rent Out Extra Space in Your Home
If you have extra space in your home, you could make money by renting it out. That could involve renting out a room in your house, an apartment in your home, or even your entire home.
To get started, you’ll need to:
- Create a listing on a vacation rental website or app.
- Take clear, well-lit photos of your space and write an accurate description.
- Set a reasonable price for your rental.
- Respond to inquiries and bookings promptly.
Once the business is running, you’ll receive payments from your guests through the website or app. You can then transfer them to your PayPal account or mobile wallet.
9. Offer Lawn Care Services
If you have a lawnmower and some basic gardening tools, you could start your own lawn care business. As a lawn care provider, your responsibilities will include:
- Mowing lawns
- Trimming hedges
- Pulling weeds
To get started, you’ll need to create a list of the services you offer and set your prices. You can then begin marketing your business to potential customers in your area.
10. Provide Carpet Cleaning Services
Another way to make money without a bank account is to provide carpet cleaning services. Carpet cleaners typically charge by the square foot, so you’ll need to determine your prices based on the size of the job.
To get started, you’ll need to:
- Invest in a good quality carpet cleaning machine.
- Buy or rent a van or truck to transport your equipment.
- Advertise your services online and in local newspapers.
Pro Tip: Besides the mentioned ideas, you can explore ways to earn passive income, which may earn you money without
There are many ways to make money without a bank account. You can:
- Start your own business.
- Sell items online.
- Provide services like pet-sitting or carpet cleaning.
To receive payments without a bank account, you can:
- Use a service like PayPal or ask for Checks.
- Get a prepaid debit card or use a mobile wallet.
- If you need to receive cash, you can use a cash pickup service.