Best Apps For Sending Money

Sending money is a breeze with the right apps.

How many times have you been in the middle of something, trying to make a payment and being frustrated by how long it takes? Or how many times have you sent money to someone and wished it could be faster?

It’s true that today’s world has made sending money easier than ever before, but not all apps are created equal. Today, we’re going to talk about some of the top apps for sending money so that you can get back to what matters most: doing the things that make your life better.

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5 Money Transfer apps available on Android, iOS | Technology News – India TV

Best Apps For Sending Money

Online banking via an app on your phone may be the norm nowadays, but when it comes to sending money between two people across borders, third party money transfer apps really excel.

Whether you’re looking to send money back home as an expat, or transferring money for an international payment, money transfer apps have the ability to send your money across the world for a low fee and often in a matter of minutes, making the once expensive and stressful process of international payments now as painless as possible.

The money transfer app space is growing constantly, and it can be hard to find the right service for your needs – which is why in this guide, we’re pointing you in the direction of some of the best money transfer apps on the market in 2022.

Best money transfer apps at a glance…
Domestic transfer apps
What are the best domestic transfer apps?
International money transfer apps
Wise, formerly TransferWise
Western Union
Apple Pay
Google Pay
What are money transfer apps?
A money transfer app is a downloadable application that allows individuals to transfer funds to other people, friends and family, and businesses all over the world. These apps tend to be free, and designed for use on smartphones and apps can be downloaded for both iOS and Android.

Money transfer apps make sending money convenient and easy, often with 24/7 access so you can make international transfers and track the transaction anytime, anywhere. Most of these money transfer apps have multiple layers of security to keep your money safe and are quickly becoming the go-to option for quick and efficient transfers on the go.

What should I consider when choosing a money transfer app?
Money transfer apps have grown extremely popular over the years, and there are many options to choose when you try to find the best money transfer apps from depending on which country you’re in and what currencies you want to send. There is no one-size-fits-all solution when it comes to money transfer apps or services. You should choose those apps to send money based on your specific needs including what you are using the app for, where you are sending money and the amount you are transferring. Some points to keep in mind include:

Location: Not all money transfer apps are available in all countries. It is important that the app you choose is available in your country and has a wide geographic coverage – including the country to which you wish to send funds. Make sure an app supports the currencies you wish to transfer and enables transfers to your intended destinations before downloading it.
Transfer cost: If you have ever made an international transfer, you might have already experienced the recipient getting less than you may have expected. This happens because the transfer fees and other costs eat into the amount originally sent. You can keep these costs to a minimum by comparing the total transfer costs and choosing the one that offers the lowest fees and best exchange rates.
Transfer speed: Not all money transfer apps offer the same transfer speeds. Some companies have sophisticated systems and local bank accounts that enable instant or same-day transfers. It’s important to find out how fast you can expect transfers to be, especially if having money arrive quickly is important to you. If you want to send money online instantly, find out more here.
Is there an app to transfer money from one bank to another?
If you need to transfer money from one bank to another and would rather avoid the higher fees and longer transfer times often associated with using your bank directly, your best option is to use a money transfer app service.

These services will typically cater to either domestic transfers (within the US) or international transfers for people looking to send money overseas.

Domestic transfer apps
There are a number of domestic money transfer apps for transferring money from different banks offering numerous advantages over using your bank account to initiate a transfer. Some of the benefits of domestic money transfer apps include:

Free transfers
Transfers are often available in your recipient’s account instantly
Rather than needing your recipient’s bank details, all you need is their phone number, email address, or username
What are the best domestic transfer apps?
Many of the apps available for sending money between bank accounts are very similar, following a peer-to-peer sending structure that enables users to get their money to their recipient as quickly as possible.

In our guide to sending money within the United States, we’ve covered some of the top-rated domestic money transfer apps to get your money to friends and family including PayPal, Venmo, and Zelle.

International money transfer apps
In the past couple of decades, numerous international money transfer companies have launched their services to offer cheaper, faster, and more efficient overseas transfers than ever.

Indeed, international money transfer apps are often a far more cost-effective way of sending money abroad than a traditional financial institution. Likewise, these companies tend to have an emphasis on digital modernisation, with user-friendly apps designed to make sending money abroad as convenient as possible 24/7.

6 of the best money transfer apps
Here is the roundup of the six best money transfer apps available today.

Wise, formerly TransferWise
Wise is one of the biggest and most well-known names in the international transfers space, and for good reason. Their platform lets you send money abroad quickly and easily, and places an emphasis on transparent rates with no hidden fees, which is very valuable when looking for international money transfer apps.

The service lets you hold and send money in 50 currencies and all transfers occur at interbank rates-there is no mark-up on the exchange rate. With thousands of reviews and a reported 8 million customers, the Transferwise app enjoys a rating of 4.4 on the Google play store and 4.7 on the Apple app store. Read our full Transferwise review.

Wise Logo
Very transparent fee structure with no hidden costs
Lets you set up local business accounts in over 40 countries even if you don’t have a local address
Instant transfers available
Provides the option of a rate lock-in for a period of 24-48 hours
Supports a variety of payment methods
Very user-friendly and registration process is very straightforward
Offers transfers at the mid-market rate
The app not facilitate cash pickup – bank transfers are possible
Large transfers are more limited
Big online focus can make quick troubleshooting difficult
Some users complain that the verification process leads to longer transfer times
What you can do through the Wise app
The Wise app gives you access to almost every feature on the web platform, including allowing you to:

Send money to anyone abroad
Pay bills or mortgage in another country
Hold and manage money in over 50 currencies
Get paid in AUD, GBP, USD and EUR without fees
Invite friends to Transferwise
Setup money transfers with previously used recipients and details
Pay via Google Pay and Apple Pay
Compare Transferwise
WorldRemit is an extremely popular money transfer service and well-known for being a reliable brand with prudent security measures. World Remit enables senders in 56 countries to send money in 90 currencies to over 150 countries across the world. It supports a wide variety of payment and delivery methods, and these can all be accessed through its mobile app.

You can send money to bank accounts, arrange cash pickups/home delivery, deliver to mobile wallets, or even carry out mobile top-ups. To fund your transfer, you can use bank transfer, credit/debit card, Google Pay, Apple Pay, and many other e-wallets. The WorldRemit app has a rating of 4.2 on Google play store and 4.8 on Apple app store. Read our full WorldRemit review.

WorldRemit Money Transfer App logo
Global presence allowing your to send money to over 150 countries
A variety of payment and delivery options, including cash pick up
Quick transfer times available
Competitive exchange rates and fees on commonly used routes
Large number of currencies supported
Complex fee structure which can be more expensive than other providers at times
Limits on large transfers on some routes
What you can do through the WorldRemit app?
The WorldRemit app gives you access to a wide range of features on the go, such as:

Send money to over 150 countries in 90 currencies
Track your international transfers
Check real-time exchange rates
Send mobile top-up
Add payee information
See you transfer history
Compare WorldRemit
Azimo is a fantastic money transfer app well known for its sleek interface and excellent user reviews. Azimo currently has the capacity to provide transfers from 24 European countries to over 195 countries around the world.

Using their excellently-regarded mobile app, you can send money to any bank account, to more than 300,000 cash pick-up locations, and to mobile wallets. With a rating of 4.5 on Google play store and 4.7 on Apple app store, Azimo is a popular choice with migrants and expats looking to send money to family back home. Read our full Azimo review.

Azimo Money Transfer App logo
Supports a variety of payment and delivery methods
Provides real-time updates on your money transfer
No credit/debit card fees
Touch ID and Face ID security to keep your personal data secure
In-app customer support in 10 languages
No minimum send amount
Available only in 25 European countries
No telephone support – email only
What you can do through the Azimo app
The Azimo app provides instant, easy access to money transfer services so you can manage your accounts any time of the day when you need to initiate a transfer. The multi-lingual support makes this a popular choice if you are frequently sending money to family members who may want to familiarise themselves with the app too. On the app you can:

Send money to your family and friends
Pay bills abroad
Top-up phones worldwide
Send and request money using a mobile number
Get rate alerts
Track a transfer
Compare Azimo
XE enables money transfers from Europe to over 120 countries in 60 currencies. The service does not charge any transfer fee, only a margin on the exchange rate, making XE one of the most reasonable money transfer services around.

Even with no fees, the exchange rate margins you can access through the XE app are much lower than the rates offered by banks and some other financial institutions, making it a great choice for users who want to save money on their transfers. The XE app has solid ratings of 4.5 on the Google play store and 4.6 on Apple app store. Read our full XE review.

XE Money Transfer App logo
No transfer fees on international transfers
Wide coverage. Lets you send money in 60 currencies to over 160 countries
Competitive exchange rates, making it one of the most cost effective money transfer providers out there
User friendly, feature-rich app
Very well-regarded company in the money transfers industry
Fast transfer times (typically same day)
Available only in Europe
No option of cash pickup
What you can do through the XE app?
The XE app provides access to a wide range of features, as you would expect from a company as trusted as XE. Through the app, users can:

Transfer money in 60 currencies to over 160 countries worldwide
Check historical charts for any currency pair in the world
Track up to 10 currencies at any time
Set rate alerts and receive notifications
Access live rates
Compare prices using the currency converter
Compare XE
Western Union
Western Union is among the best-known names in the world of international money transfers and has been operating for over 145(!) years, so it’s fair to assume they know what they’re doing.

The Western Union app allows you to transfer money on the go via a variety of payment methods: using a debit/credit card, directly from your bank account, or via Apple Pay. In case you wish to pay cash, you can visit one of the thousands of agent locations spread worldwide. Western Union has one of the widest disbursing networks of any provider, allowing users to send money to more than 500,000 agent locations in over 200 countries. The company’s app has a rating of 4.8 on the Apple app store and 4.5 on Google play store. Read our full Western Union review.

WesternUnion Money Transfer App logo
One of the most established names in the industry
Have a huge network of over 500,000 agent locations across the world
Quick transfers, with many being instant
Supports a variety of payment and delivery methods
Covers over 200 countries
Large range of currencies to choose from
High fees compared with other providers
High exchange rate margins (around 5%) make Western Union’s rates more inline with traditional banks than more affordable transfer providers
Maximum limit of $2,999 on transfers made with the app and online
What can you do through Western Union app?
Western Union’s app gives you access to a range of Western Union’s services easily through your phone. If you want to transact in cash, you’ll still have to visit an agent location, but with the app, you can:

Transfer money to over 200 countries
Check currency exchange rates
Initiate a money transfer on the Western Union app and pay in cash at one of the agent locations
Send cash to more than 500,000 international agent locations
Scan your debit/credit cards for quick and error-free setup
Track your transfers
Setup repeat transfers
Look up agent locations around you
Compare Providers Now
PayPal is an extremely popular company for sending money and purchasing items online – but it also offers international transfers as a service. With the Paypal app, you can send money online, request money or even collect money from people around the world. With a wide geographic presence across the world and a huge user-base, it is among the most popular and best-known money transfer providers.

Alongside this, PayPal is integrated as a payment method with many shops and service providers, enabling you to keep all your financial activity in one place. The Paypal money transfer app has impressive ratings of 4.8 on Apple app store and 4.4 on Google play store.

Paypal Money Transfer App logo
Wide presence across the world and enjoys great credibility
User-friendly app with a range of features
Supports variety of payment and delivery methods
Most transfers happen instantly
Used by many people and therefore often a seamless process when transferring funds
High fees for international money transfers
Lack of transparency about exchange rates
Poor exchange rates compared to other transfer providers
What you can do through the Paypal app?
PayPal’s app has been helping people to manage their accounts and make payments on the go for years. Here are some of the things users can do through the app:

Send or receive payments globally
Track all your account activity at a glance
Deposit to a bank account or another Paypal account
Send cash for pickup or home delivery
Pay for goods and services
Send money to family and friends within the US for free
Compare Providers Now
How much do money transfer apps cost?
Money transfer apps themselves are always free to download (if you discover one that isn’t, you can definitely find a free app that is just as good!). The real answer to this question is found in the kinds of fees charged by the money transfer services they allow you to use. These are the costs usually involved when using a money transfer service:

Transfer fee: Many money transfer apps charge a fixed fee for transferring your money to someone overseas. Some companies charge a lower fee for larger transactions and vice versa. This fee could range from $2-$30 or upwards depending on factors such as the countries and currencies involved in the transaction, the amount being transferred, and the payment and delivery method used.
Exchange rate margin: You will often pay a mark-up on the exchange rate when using a money transfer service. This means that the exchange rate that you see on Google before you initiate the transaction may not be the rate you get because companies typically charge between an extra margin of 1%-5% on this.
Other costs: There could be other costs involved depending on the service or payment method you are using. If you are using your credit card to fund your transfer, you may have to pay an additional 2%-3% in cash advance fees. In case you choose cash pickup as the delivery method, it will often come at an added cost. The recipient may also have to pay a receiving and withdrawal fee to their bank when sending to a bank account. Always check what fees you will be charged for a transfer before confirming it.
Are money transfer apps available on all operating systems?
Yes, money transfer apps are available on all major operating systems such as iOS and Android. Outside of this Google Pay and Apple Pay are regularly supported.

Is it essential that a money transfer provider has an app?
While all major international money transfer companies have an app, it is not necessary that every provider has one. Providers that don’t have apps will usually at least have a mobile-optimised web platform you can use on the go. However, many people like the convenience of having an app on their phone to handle their money transfer need.

Money transfer app pros:
✔ 24/7 access to your account and transfers
✔ You can initiate a transfer even on the go
✔ Makes transfers quick, easy, and convenient
✔ Secure verification processes to keep your money safe

Going cashless with apps
The introduction of Apple Pay and Google Pay has made it easier than ever to go cashless – and even wallet-less! Nowadays, it’s possible to make payments online, in-person, and to other people using just your smartphone, with contactless and BlueTooth options reducing the number of details needed for transfers even more.

Apple Pay
Introduced in 2017, Apple Pay makes it possible to send money to your contacts within the Messaging app itself. The one requirement is for the sender to have a debit or credit card synced to Apple Pay, from which the payment will be taken.

To receive a payment with Apple Pay, the money will be sent to the recipient’s Apple Pay Cash card within the Wallet app. This can be transferred to a bank account or used to make Apple Pay purchases online or in-stores.

Google Pay
This feature is similarly available to Android users with Google Pay, although sending money to friends or family is only available to US customers at the moment.

Money can be transferred to a contact using their phone number or email address within the Google Pay app, with a $10,000 USD limit on single transactions.

How do I get started with a money transfer app?
Once you have chosen the right money transfer app for your needs, you can download the app from the Google Play store or the Apple app store depending on the device you are using.

You will be asked to register and set up an account by providing your personal and payment details (you may have already done this step online, in which case you can just log into your account on the app). You will also need to verify your details by providing a Government approved ID such as a driver’s license or passport. These requirements may vary depending on the regulations in your country and on the app you’re using.

After this has been approved, you can link one of the payment methods accepted by the provider and start using the app to transfer funds and manage your account.

Summary: Best Money Transfer App
Money transfer apps provide a convenient and efficient way to transfer money around the world, giving you instant access to some of the best-known names in the money transfer industry directly through your phone. There are many IOS and Android apps money transfer apps available and choosing the right one for your needs can be difficult to navigate. That’s why we always strongly recommend doing your research and comparing providers before downloading to ensure you’re going to get the best deal for your transfers.

Before choosing the best money transfer app, check the fees and exchange rate margins applied to the transfer you want to make, whether it supports your country/currencies, and how fast the transfer speeds it offers are. Reading some overall reviews to ensure the app you are looking at is highly rated and secure is also a good idea.

Each provider listed in this review has a great reputation for providing industry-leading services to their users, but there’s no one-size-fits-all solution to money transfers. Every provider has its own features and pros and cons and you can choose the one that best meets your money transfer needs.

Just because one app works best in one situation, doesn’t mean it’ll be the best option in another. By comparing your options, you can ensure that ultimately, you make the right choice for the best money transfer app and your transfer needs every time.

list of money apps

Money transfer apps, also called peer-to-peer (P2P) money transfer apps, let you transfer cash from person to person, or from entity to entity, quickly, conveniently, cheaply, and securely. They simplify payments and also allow you to use a digital wallet to link your credit card or bank account. You can make electronic transactions and payments with just a few taps on a mobile device.

The best money transfer apps collect high app store ratings, help app shoppers shell out money safely, and involve no hidden fees. They also fit consumer-specific needs, such as international payments, social options, virtual wallet offerings, and more.

The Best Money Transfer Apps for 2022
Best Overall: PayPal
Best for International Transfers: WorldRemit
Best for Low Fees: Cash App
Best for Shared Bills: Venmo
Best for Small Transfers: Meta Pay
Best for Bank to Bank Transfers: Zelle
Best Money Transfer Apps
Cash App
Meta Pay
The Best Money Transfer Apps
Money Transfer Apps FAQs
The app’s robust offerings, mixed with speed and convenience, put it squarely in the winner’s circle. PayPal’s brand name awareness elevates it to the best overall category.

Name/brand recognition cultivates instant trust
Easy to install and use
Fast and secure
High transaction fees
May hold money
Difficult customer service
PayPal’s wide range, versatile, flexible, secure, and easy-to-use money transfer tools put it above the rest. You can transfer money for free from a PayPal balance, bank account, or Amex Send account. You can also use PayPal Instant Transfer for a fee and transfer funds immediately.

PayPal offers versions of its app for iOS, Android, and Windows. It takes just minutes to download and start transferring money from up to multiple people at once. For added security, you can agree to show your name, photo, username, email, and mobile phone number on PayPal so people know it’s you.

You can share a PayPal.Me link for a quick and secure payment option. PayPal’s invoice creation feature also allows you to customize and track every invoice you send.

You can send up to $60,000, but PayPal may limit the transaction to $10,000, depending on the currency you use.

If you accidentally send money to the wrong person, you can tap the contact’s name and ask for a refund. If the individual doesn’t respond, you can tap the blue pencil icon, select “disputes,” and communicate with PayPal.

You can tap into your PayPal balance to keep money in your account with the PayPal Cash Card, a debit card with a daily spending limit of $3,000 and a daily cash ATM withdrawal limit of $400 with a limit of 30 transactions per day.

Users pay 2.50% plus a fixed fee to send money via a credit card. PayPal charges $2.50 to send international personal transactions using a PayPal balance, bank account, or through an Amex Send account.

PayPal keeps your information secure using sophisticated encryption. The company monitors transactions 24/7 and offers dispute resolution if you have a problem with a transaction. You can also add in the PayPal Key, which sends you a temporary security code through SMS when you log in.

PayPal limits transfers to U.S. banks only and can connect with most U.S. banks and credit unions. Unfortunately, some banks, including online-only or prepaid bank accounts, can’t give you access to PayPal.

The WorldRemit app won this category for its low fees, best upfront exchange rates, and no hidden costs, as well as its flexibility to send to over 130 countries.

WorldRemit can send money to recipients within 10 minutes. Most transfers complete within 24 hours wherever recipients live in the world. When you introduce a friend to WorldRemit, you both get a voucher to use on your next transfer. Also, first time customers can use the promo code 3Free to make their first three transfers with no fees.

Quick deposit options worldwide
Easy to use
Can send to a limited number of countries
Complex transfer fees
Limits on large transfers to certain destinations
The app gives you various ways to send money—through cash pickup, bank transfer, mobile money, and airtime top-up, and that’s why it landed in our top category.

WorldRemit accepts most types of debit, credit, and prepaid cards issued by Visa or Mastercard. WorldRemit also accepts payment from Klarna, Trustly, POLi, Apple Pay, and more. It no longer accepts Google Pay.

To send money, download the iOS or Android versions of the World Remit app. Select the country and amount you want to send, enter recipient details and bank information. Once you pay for the transaction, your recipient will find out by SMS and email when they can access their money.

WorldRemit, approved by the Financial Conduct Authority (FCA), puts a high priority on security by implementing strict verification procedures. The company employs teams to monitor accounts for unusual activity.

WorldRemit’s large network of local partners works with worldwide banks and financial institutions. You can send a maximum of $9,000 in 24 hours and $5,000 per transaction for debit, credit, or prepaid cards. You can submit a maximum of $9,000 in Apple Pay payments within 24 hours and send a maximum of $300 per transaction. WorldRemit lists all fees and exchange rates before you execute each transaction.

WorldRemit also offers a wallet for use in a limited number of countries but any WorldRemit customer can send money to a WorldRemit Wallet.

If you accidentally send money to the wrong person, WorldRemit can sometimes recall the mobile money or bank transfer transaction. In this situation, you want to contact WorldRemit as soon as possible.

Cash App
Cash App, owned by Square Inc., scored the highest in the low fees category because it allows users to send funds instantly via mobile app for free. Cash App stands out for its simplicity (you either pay or get paid), ease of use, and zero fees.

Cash App also offers unique options not common in other money transfer apps, such as investment options, getting special savings with “cash boosts,” and buying and selling bitcoin.

Offers more than just payment options
Simple and fast
Great for money requests for friends and family
Must rely on another person to return money if you send to the wrong individual
Cash App won because of its low 1.5% fee (minimum of $0.25) and flexibility—including the ability to buy and sell bitcoin straight from your Cash App balance.

You can also transfer funds to a bank account from your Cash App account or store money in your Cash App account. Tap the dollar icon, enter the amount and indicate whether you want to request money or pay money. To send a payment, enter the other person’s $Cashtag, phone number, or email address and tap “pay.” The receiver must have a Cash App account.

Cash App lets you send and receive up to $1,000 instantly within any 30-day period. However, you can hurdle over these limits by verifying your identity. Note: the app doesn’t transfer money immediately—you should have your money within one to three business days.

Cash App supports debit and credit cards from Visa, MasterCard, American Express, and Discover. The app supports most government-enabled prepaid cards but users cannot deposit to these cards. Cash App does not support ATM cards, Paypal, and business debit cards at this time.

Cash App employs up-to-date security encryption and fraud detection technology. Cash App features PCI Data Security Standard (PCI-DSS) Level 1 compliance.

Unfortunately, sending a payment to the wrong person doesn’t guarantee a swift return; you can only request the money and rely on that person’s honesty to get your funds returned.

Venmo offers the best of both worlds—it offers a quick and easy way to send and receive money and offers a potential “parking place” for your cash. You can spend, send, or transfer Venmo money to your bank account. Because of these reasons, it won the category for shared expenses.

You can even make the experience more interactive by adding emojis or animated stickers with your transactions.

Provides a social way to split money
Money moves instantly
No need to add money to Venmo to make payments
Past security concerns
Fee for instant cash-out transfers to your bank account
PayPal’s Venmo conquered this category because it allows for quick and easy money exchange between individuals. You can send or receive money for free through the peer-to-peer payment app, though Venmo charges 3% of the transfer total to send money via credit card.

Venmo also charges a 1% fee ($10 maximum) for instant cash-out transfers to your bank account. You can keep money in Venmo or your bank account.

You can send money using your iPhone- or Android-based smartphone by choosing a sign-up method and creating a secure password between eight and 32 characters long. Venmo asks you to verify your phone number, email address, and bank account.

The standard bank transfer through the ACH network to a verified checking account typically takes one to three business days to arrive. You can also choose an instant transfer to a bank account or debit card (incurs a 1% fee) which arrives within 30 minutes. Venmo should work with all U.S.-based banks.

Venmo uses encryption to keep information secure. You can add additional layers of security to your Venmo account by adding multi-factor authentication and a PIN. Note: The Consumer Financial Protection Bureau raised red flags about Venmo’s “debt-collection practices” through a Civil Investigative Demand in February 2021.1

Venmo imposes a $299.99 spending limit, but users can submit information about their identity to increase the weekly rolling limit to $4,999.99.

If you accidentally send money to the wrong person, you can request a return for the money you sent by mistake. If you don’t hear back or need help sending a charge request, you can contact Venmo’s support team. Venmo offers no recovery guarantees.

Read our full Venmo Review.

Meta Pay
Facebook PayLEARN MORE
Meta Pay took the award for its ease of transferring small amounts of money through a familiar platform. You can use Meta Pay to make seamless and secure payments in select countries through Meta Messenger, WhatsApp, Portal, and Instagram.

Excellent chat feature for communication
Easy to request and transfer money
Can add multiple people to the money request
May not be available in all payment uses
Purchase protection not consistently available
Meta Pay won over other contenders for this category because you can easily send money or donate to causes you support with simple steps:

Message the recipient.
Tap the money icon, then enter the amount you want to send.
Recipients can then tap “pay.” Meta will lead recipients through the process with specific instructions if they don’t have an account.
The operating system you need depends on the app you already use. For example, for Meta Messenger, Android’s operating system supports the Messenger Version 4 (Ice Cream Sandwich) app and above. Apple operating system versions that support the Messenger app include iOS 8 and above.

Meta Pay does not have a minimum transfer amount. The maximum transfer amount tops off at $9,999. Users must fund payments using a U.S. bank-issued Visa or MasterCard debit card or PayPal account. U.S. citizens 18 or older may send money to trusted friends and family in the U.S.

Meta monitors payments using anti-fraud technology and advanced data storage and encryption for payment card and bank account details. Notifications also send you alerts if Meta Pay detects unusual activity. You can also use a personalized Meta Pay PIN or a fingerprint or face ID to keep your information secure.

Once you add a payment method, your money transfers immediately. However, it may take your payment provider up to three business days to post the money to your account.

You can personalize your interactions as much as you want because the platforms offer instant messaging, audio, video, group chats, and more.

The app only works with reloadable prepaid cards, government-issued debit cards, bank-issued Visa or Mastercard debit cards, or PayPal accounts. The app doesn’t hold your money.

If you accidentally send money to an unintended recipient, you can ask them to decline the money if they haven’t yet added a debit card to their account.

For bank-to-bank transfers, Zelle won because of its quick access and wide availability at most banks and credit unions. Users can head to a bank’s website or directly to the mobile app to register with just an email address or phone number.

Widely used by many banks
You can still use it if your bank doesn’t offer Zelle
Swift movement of funds
Money is federally insured
Can’t connect a credit card to pay
Only works with domestic banks
No other app offers such an easy bank-to-bank process. Zelle can transfer money to other Zelle users through the easy-to-use app. Users can send or request money with an email address or phone number. Recipients must have a Zelle account to send or receive money. Zelle sends a text or email and a link to accept payment.

You can find the free app through the App Store or on Google Play. Enter the amount you want to send. The money goes directly into the recipient’s bank account, typically in minutes.

The Zelle app utilizes authentication and monitoring features for top security or uses your bank or credit union’s mobile app.

If your bank or credit union does not yet offer Zelle, you can only send $500. You cannot request to increase or decrease your send limit.

You should know and trust the people you send money to because you can’t cancel a payment through Zelle if the recipient already has a Zelle account. However, you can cancel a payment if the recipient hasn’t enrolled in Zelle. Go to your activity page on the Zelle app, choose the payment you want to cancel, and tap “cancel this payment.”

Read our full Zelle Review.

Compare the Best Money Transfer Apps
App Operating System Minimum Transfer Fees Transfer Speed
PayPal Best Overall iOS and Android $1 Users pay 2.50% plus a fixed fee to send money via a credit card. Costs 5% to send international personal transactions using a PayPal balance, bank account, or through an Amex Send account. Credit card payments for international transactions cost 7.90% plus a fixed fee. Transfers occur in minutes and vary by bank. Debit card transfers may take up to 30 minutes.
WorldRemit Best for International Transfers iOS and Android Depends on the country you send from and the payment method used to fund the transfer All countries have different fees and exchange rates. Instant
Cash App Best for Low Fees iOS and Android No minimum transfer amount Standard deposits: Free, arrives in one to three business days. Instant deposits: Subject to a 1.5% fee (with a minimum fee of $0.25), arrives instantly Standard deposits arrive within three business days. Instant deposits arrive immediately.
Venmo Best for Shared Bills Apple iOS 10.0 or Android Lollipop (API 21) or higher devices No minimum transfer amount Free to send or receive money; charge of 3% of the transfer total to send money via credit card. Fee for instant cash-out transfers to your bank account Instant
Meta Pay Best for Small Transfers Depends on the apps you already use No minimum transfer amount None Instant, though the bank may take up to five days to process
Zelle Best for Bank to Bank Transfers iOS and Android $1 None, but check with your bank or credit union Instant
Your final decision on the best money transfer app depends on your goals and preferences. For example, if you want your app to have additional features (like investing in bitcoin), gravitate toward Cash App, which offers it.

However, for a comprehensive overall money transfer app, you can’t go wrong with PayPal, which offers a suite of payment options and a successful track record to back it up. PayPal also noses ahead due to its safety features, payment protection, and handy tools for businesses.


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