cash pickup

Armored car stop

Cash pickup is a method of receiving money where the recipient collects physical currency at a designated location rather than having funds deposited into a bank account.

Common with remittance services, the sender initiates a transfer and the recipient retrieves the cash at an agent location or bank branch: She sent money to her family through cash pickup since they don't have a bank account.

The option serves people without banking access or those who need funds immediately.

Related

payout · disbursement · envelope · bills · counter · teller · Western Union · recipient · handoff · signature · photo ID · transaction · storefront · currency · banknotes · agent · kiosk · funds

Opposites
payment delivery method

cash pickupwire transfer

Electronic bank-to-bank payment

direct deposit · bank transfer · bank deposit · digital payment · home delivery

transaction direction

cash pickupcash deposit

Money placed into account

cash payment

Family

cash, pickup, cashed, cashing, cashless, cashier, pick, up, picked

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G