Transfer money out of Google Pay (US only) (2024)

FAQs

Why am I not able to transfer money from Google Pay? ›

Check if you have a valid bank account on Google Pay.

If you don't have a valid bank account on Google Pay, you'll need to first link an account to send or receive money. If you have a valid bank account added to Google Pay, move to the next step.

There are a few reasons why your bank transfer can be rejected: The bank account you're transferring from may not have enough funds in it to make the transfer. The bank account you're transferring from may be closed. The login credentials for the bank account you're transferring from have been updated.

The Gpay limit per day for money transfers for users in India is ₹1,00,000. Moreover, in 24 hours you can send money only a maximum of 10 times in GPay or any other UPI app. If you want to transfer more money or conduct a greater number of transactions, you will have to wait for the 24-hour time period to get over.

Check to find if your payment method is up to date. If it is not, update it in the Payments centre, then try your purchase again. Make sure you have enough money in your account for the purchase. If you're still having issues, contact your bank to find if there's a problem with your account.

For new users, an initial UPI transaction limit of ₹5,000 is applicable for the first 24 hours. Customers can increase their Google Pay UPI transaction limit based on their risk profile, as determined by their bank. To do so, they should contact their bank and request a limit expansion.

Initiate the transfer: Look for the "Transfer out" button and tap on it. Enter the transfer amount: Specify the amount of money you want to withdraw from your Google Pay balance. Choose the transfer destination: Select the bank account where you want to receive the transferred funds.

Cons of Google Pay

Not available in every region, and not all businesses accept it. Not compatible with iOS devices (Apple users can use Apple Pay instead). Only works if your phone does, so you should carry a physical card as a backup in case your battery dies.

Transfers usually fail in case of an issue with your bank account. There are different reasons for a transfer failure: Your bank account was closed; The information about your bank account is not valid (e.g. invalid account number);

What happens when there isn t enough money in your account to transfer? ›

Overdraft fees occur when you don't have enough money in your account to cover your transactions. The cost for overdraft fees varies by bank, but they may cost around $35 per transaction.

Sometimes, the transfers that you send might get rejected by the receiver's bank. Here are some of the reasons: Your receiver's details are incorrect (name, bank account number, phone number, card number etc.) The account is opened in a different currency.

If you set up your Google Pay balance to make contactless payments, there are some transaction limits: Maximum single transaction amount: $2,000 USD. Daily maximum total transaction amount: $2,500 USD. Up to 15 transactions per day.

To increase your daily limit on GPay, you need to verify your identity and link a bank account to your GPay account. After that, you can request a limit increase through the GPay app or website. The process may vary depending on your country and the policies of your bank and GPay.

Check whether the billing address for your payment method (such as a credit card) matches the address recorded in your Google payments center settings. If they don't match, update your address in your Google payments center, and try the transaction again. Try using a Google Play gift card to complete the transaction.

Common reasons for an unsuccessful payment made with your Google Pay balance are: You may have reached the transaction limits. You may have insufficient funds in your Google Pay balance. If the amount in your Google Pay balance is smaller than the transaction amount, the transaction will be unsuccessful.

Account restrictions: Banks may restrict certain types of transactions or limit money transfers within a certain period of time. Security measures: In order to detect and prevent fraud, banks and financial institutions have security measures in place.

If you send an SMS to add your bank account to Google Pay and you encounter an issue, check your phone and SMS settings. Send a test SMS. If it's unsuccessful, check with your operator if you have an active outgoing SMS pack. Tip: Some SMS recharge packs don't allow outgoing SMS.