Systems and methods for fund transfers

A method of sending payment from a sender's account to a receiver's account, the method comprising:

• the receiver calling a host computer using a communications channel;
• the host computer identifying the receiver using caller identification;
• the host computer retrieving receiver card information from a card number database;
• and
• the host computer prompting the receiver to select an action from the group consisting of send money, receive money, and check account balance;
• such that when the receiver selects receive money, the receiver is prompted to input an amount to receive, the receiver inputs amount to receive, the host computer reads the amount to receive input by the receiver and prompts receiver for a personal identification number (PIN) of the receiver, the receiver inputs the PIN, the host computer transmits a balance inquiry for an account of the receiver through an automated teller machine (ATM)/debit network to determine if the receiver's account is valid and capable of receiving the amount.

A method of sending payment from a sender's account to a receiver's account, the method comprising:

• the receiver calling a host computer using a communications channel;
• the host computer identifying the receiver using caller identification;
• the host computer retrieving receiver card information from a card number database;
• and
• the host computer prompting the receiver to select an action from the group consisting of send money, receive money, and check account balance;
• such that when the sender elects to send money, the host computer prompts the sender to enter the transaction code, the sender inputs the transaction code to the host computer, the host computer checks the transaction code against the central database and retrieves the transaction amount, the host computer advises the sender of the transaction amount and queries the sender as to whether transfer should continue.

A method of checking the balance of an ATM or debit card account of a user, the method comprising:

• the user calling into a host computer;
• the host computer identifying the user using caller identification;
• the host computer retrieving the user's ATM or debit card number from a card number database;
• the host computer prompting the user to send money, receive money, or check account balance;
• the host computer prompting the user for a PIN of the user when the user elects to check account balance;
• the user inputting the PIN of the user;
• the host computer transmitting a balance inquiry through an ATM/debit network;
• the host computer receiving a response from the ATM/debit network, including an account balance;
• and
• the host computer advising the user of the account balance.