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The best money transfer apps keep costs to a minimum. Keeping all accounts on a secure server with data encryption to foil hackers.Monitoring your account for suspicious transactions.
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Confirming transactions with an email or text message.Using passwords and other authentication measures to keep others out of your account.Verifying your identity when you sign up for an account.Connect to customer service when you need itĪ good money transfer app should protect your money from hacking and fraud.Receive money from others and transfer it to your bank account.Send money to other people for both purchases and personal transfers.Link the app to your credit card or bank account.The best money transfer apps are easy to use. However, with some apps, transfers this fast come with an extra fee. Most apps on our list can transfer money within minutes. In most cases, when you send someone money, you want it to reach them quickly. For our list, we selected the ones that got the most positive feedback on all four criteria. To find the best apps for transferring money, we consulted various reviews to see how well different payment apps meet these basic requirements. At the same time, they want to avoid paying too high a fee for this service. They need it to transfer money as quickly, easily, and securely as possible. There are several things users typically look for in a money transfer app. Methodology: How We Select the Best Money Transfer Apps Send to more than 165 countries and territories worldwide.Customizable send speeds - choose how fast you want your money to get to the recipient, and pay accordingly.Competitive exchange rates for international transfers.Multiple ways to receive: cash pickup, bank deposit, mobile money, even home delivery.It’s the best money transfer app for people who prefer to send money electronically, rather than via traditional cash transfer.Īnd if you’re on the receiving end of a transfer? Remitly supports mobile money accounts - meaning no more trips to the nearest wire transfer service office if your account is compatible. Remitly is a mobile-first app that makes it easy to send money internationally from your smartphone, no matter where you happen to be. Recipient does not need to have a bank account.Transfer money via cash, bank account, debit card, mobile wallet, or home delivery.Use the MoneyGram app for online transfers.Fees start at $4, and exchange rates for international transfers are competitive. Transfers via Walmart’s service are fast and cheap. Send from a store to any MoneyGram location in the U.S.Send from a store to a Western Union office.Send money from a Walmart store for cash pickup at another Walmart location.Send a MoneyGram from your computer or phone.There are several ways to use this service: or in any of 200 countries and territories, is Walmart2Walmart. The cheapest way to send cash, within the U.S. It also has some unique perks, like the ability to send money to anyone with an email address. Our top choice for the best money transfer app, PayPal, ticks all these boxes. The Best Money Transfer AppsĪ good money transfer app should be fast, flexible, secure, and easy to use with reasonable fees. Which app is best for you depends on how you want to use it. Some can transfer money across many countries, while others work only in the United States. Payment apps vary widely in features, speed, and cost. While all these apps do the same job, there are some big differences between them. You can use them for anything from paying your plumber to splitting the bill at a restaurant. Today, there are numerous money transfer apps that can send digital payments quickly and easily for a modest fee. You could mail them a paper check, which was cheap but slow, or do a wire transfer, which was fast but costly. In the old days, if you wanted to send money to another person, you had two choices.