Does a digital wallet require a bank account?

No, a digital wallet does not necessarily require a bank account. While some digital wallets are linked to a bank account for funding purposes, there are also options that allow you to load money directly into the wallet using various payment methods like credit/debit cards, prepaid cards, or even cryptocurrency. However, the specific requirements may vary depending on the digital wallet service you choose.

Common digital wallets that do and do not require a bank account.

1. Digital wallets that do not require a bank account:

   - PayPal (allows funding through credit/debit cards)

   - Google Pay (can be funded with credit/debit cards)

   - Venmo

   - Square Cash App

   - Skrill

   - Paytm (in some regions)

   - Alipay (in some regions)

 

2. Digital wallets that require a bank account:

   - Apple Pay (usually linked to a bank account or credit/debit card)

   - Samsung Pay (requires linking to a bank account or credit/debit card)

   - Zelle

   - Payoneer

   - Revolut

   - WeChat Pay (in some regions)

   - TransferWise (now known as Wise)