Switch - Shockingly simple group payments Switch - Shockingly simple group payments

Campus Internship

Split Check Calculator: Simplify Money Transfers and Split Checks Easily with Switch

June 28, 2023

Aerial view of a landscape with green fields and winding river.

How to Easily Split a Check with a Money Transfer Calculator

Splitting a check can be a hassle, especially when you're out with a group of friends or coworkers. It's important to find a solution that makes this task easy and efficient. That's where a money transfer calculator comes in handy. With this tool, you can quickly determine each person's share of the bill and simplify the process of collecting money from everyone.

In this blog post, we'll show you how to use a money transfer calculator to split a check effortlessly. You'll learn step-by-step instructions on how to calculate each person's portion, as well as tips for making the process smoother. By the end, you'll have the tools and knowledge to easily split a check and ensure everyone pays their fair share.

How To: Split a Check with a Money Transfer Calculator

Splitting a check doesn't have to be a complicated task. By following these steps, you can use a money transfer calculator to make the process quick and painless:

1. Enter the total amount of the check

Start by entering the total amount of the check into the money transfer calculator. This will serve as the base for calculating each person's share.

2. Select the number of people splitting the check

Determine how many people are splitting the check and input this number into the money transfer calculator. This will help the calculator divide the total amount evenly among the group.

3. Adjust for additional expenses or discounts

If there are any additional expenses or discounts that need to be accounted for, make the necessary adjustments in the money transfer calculator. This will ensure an accurate split of the check.

4. Calculate each person's share of the bill

The money transfer calculator will now calculate each person's share of the bill based on the information provided. This will give you the exact amount that each person should contribute.

5. Communicate the individual amounts to the group

Once the money transfer calculator has determined each person's share, communicate these amounts to the group. This can be done through a messaging app or by sharing the information directly from the calculator.

6. Collect money from each person

Now that everyone knows their individual amounts, it's time to collect money from each person. Use a mobile payment platform like Switch to easily request and receive payments from your friends. Switch allows you to create a pitch specifically for this purpose, making it simple and convenient to collect money from multiple people.

7. Make the payment

Once you've collected the money from everyone, make the payment for the check using a shared virtual debit card. With Switch, you can instantly spend the collected funds on the shared virtual debit card, eliminating the need to front the money yourself or pass around debit/credit cards.

Make Splitting Checks a Breeze with Switch

In conclusion, splitting a check doesn't have to be a stressful experience. By using a money transfer calculator like Switch, you can easily determine each person's share and collect money from everyone in a streamlined manner. Switch's intuitive design and features, such as creating disposable pitches and managing shared funds, make it the ideal choice for splitting checks and managing group expenses.

Key Takeaways:

  • Use a money transfer calculator to simplify the process of splitting a check
  • Enter the total amount of the check and the number of people splitting it
  • Adjust for additional expenses or discounts to ensure an accurate split
  • Communicate each person's share to the group and collect money using a platform like Switch
  • Make the payment using a shared virtual debit card

With Switch, you can reshape the role money plays in enriching relationships and make splitting checks a breeze. Say goodbye to the stress and awkwardness of collecting and spending money in groups - Switch has you covered.

Get the App

Get started in

seconds.

Switch is a financial technology company and is not a bank. Banking services provided by Thread Bank; Member FDIC. The Switch Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa debit cards are accepted.

© 2023 Grink Inc.