Again and again we get unusual requests. Interested users can find out whether you could also get a cash loan into their account immediately. The banks you asked about mostly reacted with lack of understanding, these people report. If you have also struggled with this problem, you can be assured of two things: First, your request is not as unusual as it may seem at first glance. On the other hand, there are of course solutions on how this can be achieved.
Cash credit immediately into the account: That is why banks react with lack of understanding
But let’s first shed some light on why banks react with a lack of understanding to the question of whether the cash loan could be transferred to the account immediately. The mistake is mostly on the part of the lender as well as that of the potential borrower.
First of all about the bank’s mistake: the cash loan is actually a construct that was specially developed in the event that someone does not want to have money transferred to their account immediately, but needs it in cash. Finally, there is the instant or lightning credit as a corresponding alternative. What banks employees, who are very caught up in the logic of their offers, hide from the fact that it is not your account that you would like to deposit the money into – but that of a friend or, for example, a creditor. Alternatively, many banks are not even concerned with the question that you might simply be afraid that with other types of loan it could take too long for the money to be credited.
Potential borrowers’ mistake is usually due to the fact that they simply don’t describe what they want well enough. The compulsion to take out a cash loan is considered shameful by many people. In many cases, this unfortunately means that requests are formulated very vaguely.
Cash credit immediately into the account: there are these possibilities
The easiest way to transfer a cash credit directly to any bank account is to make a direct deposit. Ideally, you go to a branch and deposit the funds. The money is booked immediately. Alternatively, you can also use the ATMs with deposit function. The effect remains the same: the money is directly in the account.
It gets more complicated if it is not a branch bank, but a direct bank with which the account is located. However, such financial institutions also cooperate with other financial institutions that have ATMs. This way of depositing should therefore remain possible.
Cash immediately into the account: from one bank to another
However, it becomes much more complicated if you change banks and the cash loan is to be paid into an account with another financial institution. At branch banks, in extreme cases you can simply carry the money personally from one place to another or use the option via an ATM again.
It is different if the money is to go to an account abroad. Then either use the bank transfer function from which you take the loan. To do this, however, you need a current account with that. The step will also cost fees. Or consider whether it makes sense that you take the cash loan directly from the foreign money house.