LazyPay has become a popular digital payment platform, offering convenience and ease of transactions to users. However, there may come a time when you need to transfer funds from your LazyPay account to your bank account. Whether it’s for financial management or to access funds for offline transactions, knowing how to transfer money from LazyPay to your bank account is essential.
Wondering how to transfer money from LazyPay to Bank account? This article discusses two ways to transfer from LazyPay to Bank account.
Below we have discussed:
Also read: Can I use Paytm without a bank account?
How to transfer money from a LazyPay account to a Bank account?
Here are three ways to transfer money from LazyPay to bank account:
Scan and Pay with LazyPay
LazyPay offers a Scan and Pay feature, allowing you to settle your LazyPay balance by scanning a QR code provided by a merchant. Additionally, you can use this function to transfer funds from your LazyPay account to a bank account.
The Scan and Pay feature in LazyPay resembles the UPI Scan and Pay functionality. If you’re unsure how to use this feature within the LazyPay app, you can follow these simple steps:
- Open the LazyPay app on your mobile.
- Tap on the Scan and Pay option.
- Then scan a merchant QR code.
- Enter the amount you want to transfer and proceed to pay.
- Once the payment is successful, the amount will be transferred to the merchant’s bank account.
- Now you can request the merchant to send the amount back to you.
Use the Snapay app
You can use the Snapay app to transfer money to your bank account. Here are the steps to that:
- Go to the App Store and download the Snapay app.
- Create a new account on Snapay with your mobile number.
- Complete your KYC and provide your bank account details.
- On the homepage of the app, you will see the Utility Payment option, click on it.
- Choose a bank account where you want to transfer the money.
- Now select the Same Day option and enter the amount you want to transfer.
- Tap on the wallet payment option and then choose LazyPay under the Pay Later section.
- Complete the payment to get the amount immediately in the selected bank account.
Through Xpress cash
LazyPay has rolled out a new feature called Xpress Cash for its users. This feature allows you to quickly transfer up to Rs. 5 lakh to your bank account. The instant loan option is accessible to certain users. Repayment for this loan can be made over a period ranging from 3 to 60 months.
Keep in mind that using the instant loan service from LazyPay comes with interest charges. Additionally, there is a processing fee of 4% applied to the loan amount.
