Best Apps for Money Transfer

Best Apps for Money Transfer

All of your needs for money transfers can be met via PayPal

Peer-to-peer (P2P) money transfer apps, often known as money transfer services, allow you to send money quickly, easily, affordably, and securely from one person or entity to another. They make payments simpler and provide you the option to link your bank or credit card account to a digital wallet. On a mobile device, you can complete electronic transactions and payments in a few taps.

The best money transfer apps have good ratings in the app stores, help users transmit money safely, and are free. They also meet consumer-specific needs, such as those for international payments, social features, substitutes for virtual wallets, and more.

2022’s Top Money Transfer Apps

  • superior overall: PayPal
  • The best for transfers abroad: WorldRemit
  • Most affordable: Cash App
  • Ideal for Split Bills: Venmo
  • Small Transfers Work Best: Facebook Pay
  • Bank-to-bank transfers work best when: Zelle




The app is in the driver’s seat thanks to its extensive features, quick loading times, and ease of use. PayPal is in the top category because of its well-known brand.


Recognition of a name or brand fosters immediate trust.

Installation and use are simple

Quick and safe


Excessive transaction costs

May contain money

Challenging client service

Money transfers are cost-free from a PayPal balance, bank account, or Amex Send account. You can send money immediately with PayPal Instant Transfer for a fee as well.

The PayPal app is accessible on iOS, Android, and Windows versions. It only takes a few minutes to download and start the money transfer procedure from up to many persons at once. You can distribute a PayPal for money transfers.Me link as a quick and secure payment alternative. Using PayPal’s invoice generating feature, you can track and personalize each invoice you send out.

Depending on the currency you pick, PayPal may cap the transaction at $10,000 even though you can transfer up to $60,000.

You can contact the contact and request a refund if you unintentionally transfer money to the incorrect individual. In the event that they don’t reply, you can file a complaint in PayPal’s Resolution Center.

With the PayPal Cash Card, a debit card with a daily spending cap of $3,000 and a daily cash ATM withdrawal cap of $400 with a cap of 30 transactions per day, you can use your PayPal balance to maintain money in your account.

Users who send money using a credit card are charged 2.90 percent in addition to a set fee. When sending international personal transactions using an Amex Send account, a bank account, or a PayPal balance, PayPal levies a 5.0 percent fee.

PayPal uses powerful encryption to protect your data. If you have an issue with a transaction, the firm offers dispute resolution and monitors transactions around-the-clock.

PayPal can connect with the majority of American banks and credit unions and only allows transfers to U.S. banks. Unfortunately, you cannot access PayPal through all banks, including those that solely provide online or prepaid bank accounts.




Use coupon 4FREE at WorldRemit to receive your first four money transfers free of charge! (Applicable for mailing from the US, CA, FR, AUS, NZ, SE, DK, NO, DE, NL, and the UK.) Use the 4FREE discount code. Up to August 20, 22.
With no additional fees and the ability to send money to over 130 countries, the WorldRemit app took home the prize in this category.

Within minutes, WorldRemit can transfer funds to beneficiaries. Wherever receivers are located, the majority of transactions are finished within 24 hours. You both receive a coupon to spend on your subsequent transfer when you refer a friend to WorldRemit. Additionally, new-time users can make their first three transfers cost-free by using the promotional code 3Free.

Worldwide possibilities for quick deposits


  • Worldwide possibilities for quick deposits
  • Simple to use


  • Intricate transfer fees
  • restrictions on substantial transfers to a particular location

The app’s ability to send money in a variety of ways—including cash pickup, bank transfers, mobile money, home deliveries, and airtime top-ups—led us to place it in our top category.

Most Visa or Mastercard-issued debit, credit, and prepaid cards are accepted by WorldRemit. Other payment methods accepted by WorldRemit include Apple Pay, POLi, Trustly, and Klarna. Google Pay is no longer accepted here.

Download the World Remit app for iOS or Android to send money. Enter recipient information and bank details after choosing the recipient and sending the amount. Your receiver will be informed by SMS and email when they may access their money after you pay for the transaction.

The Financial Conduct Authority (FCA)-approved WorldRemit places a strong premium on security by enforcing stringent verification procedures. Teams are used by the corporation to keep an eye out for odd behavior on accounts.

The extensive local partner network of WorldRemit collaborates with international financial institutions and banks. Sending limits for debit, credit, and prepaid cards are $5,000 per transaction and $9,000 per 24 hours. A total of $9,000 in Apple Pay payments may be sent in a 24-hour period, with a $300 transaction limit. Before you complete each transaction, WorldRemit displays all fees and exchange rates.

Additionally, WorldRemit provides a wallet that can only be used in a select few nations, however, any WorldRemit user can send money to a WorldRemit Wallet.

WorldRemit may occasionally be able to reverse mobile money or bank transfer transaction thin at you unintentionally sent money to the incorrect recipient. You need to get in touch with WorldRemit right away in this circumstance.


Cash App

cash app

Cash App, a product of Square Inc., received the highest rating in the low costs category since it enables customers to send money fast and without any fees through mobile apps. Cash App is unique in that there are no fees, and you either pay or get paid.

Additionally, Cash App provides specific choices not found in other money transfer apps, such as investment opportunities, the ability to receive discounts with “cash boosts,” and the ability to buy and sell bitcoin.


  • includes choices beyond mere payment
  • quick & easy
  • Perfect for family and friend money requests


  • if you transfer money to the wrong person, you must rely on someone else to refund it.

Additionally, you can store money in your Cash App account or transfer money from your Cash App account to a bank account. On the app’s home screen, select the “Balance” tab. Click “Cash out,” input the desired cash amount, and choose whether you want to pay or request money. Tap “pay” after entering the recipient’s $Cashtag, contact information, or email address.




With Venmo, you have the best of both worlds: a quick and simple method for sending and receiving money, as well as a potential “parking spot” for your cash. Money from Venmo can be used, sent, or transferred to a bank account. These factors contributed to it winning the shared expenses category.

You may even add animated stickers or emojis to your purchases to make the experience more engaging.

This category was won by PayPal’s Venmo because it makes it simple and quick for people to trade money. The peer-to-peer payment app is free to use, but it charges 1.75 percent of the total transfer amount when sending money using a credit card.

Additionally, Venmo charges a 1.75 percent fee for fast cash-out transfers to your bank account ($0.25 minimum and $25 maximum). You can keep money in your bank account or Venmo.

By selecting a sign-up method and coming up with a strong password between eight and 20 characters in length, you can send money using your iPhone or Android-based smartphone. You must confirm your bank account, email address, and phone number with Venmo.

A verified checking account normally receives the regular bank transfer through the ACH network one to three business days after being requested. You can also select a 1.75 percent fee-based instant transfer that takes place within 30 minutes to a bank account or debit card. All American banks should be compatible with Venmo.


Facebook Pay

facebook pay

Facebook Pay won the prize for its simplicity in transferring modest sums of money on a well-known platform. Through Meta Messenger, WhatsApp, Portal, and Instagram, you may use Facebook Pay to make quick and secure payments in a few countries.


  • Excellent communication chat feature
  • Simple to request and send money
  • can include a number of people in the money request


  • Not necessarily available for all payment methods
  • Purchase protection is not always offered

Facebook Pay beat out the competition in this area because it makes it simple to send money or make donations to causes you care about:

  • The sender is notified.
  • Enter the desired amount after tapping the money icon.
  • Then, the recipient can tap “pay.” In the event that recipients don’t have an account, Facebook Pay will guide them through the procedure with detailed instructions.

Although Messenger sets a $10,000 transaction cap regardless of the payment method, Facebook Pay does not define transaction limitations. Users can finance transactions with a credit or debit card from Visa, AMEX, Discover, MasterCard, or JCB. Also accepted are PayPal accounts. Sending money to dependable friends and family is allowed for Americans 18 and older.




The ease of use and widespread availability of Zelle at the majority of banks and credit unions made it the winner for bank-to-bank transfers. Users can register with merely an email address or phone number by going to the bank’s website or the mobile app.


  • several banks use it extensively
  • If your bank does not support the Zelle Swift movement of funds, you can still use it.
  • The government insures money.


  • Only applicable to domestic banks

No other app provides such a simple bank-to-bank transaction. Through the user-friendly software, Zelle can send money to other Zelle users. A phone number or email address can be used to send or request money by users. To send or receive money, the recipient needs to have a Zelle account. To accept money, Zelle sends a text message or email with a link.

The free app is available on Google Play and the App Store. Please enter the desired donation amount. The money is instantly deposited into the recipient’s bank account.

For maximum security, the Zelle app either uses the mobile app from your bank or credit union, or it makes use of authentication and monitoring tools.

AppRunning OperatingMinimum TransferFeesTransfer Speed
Overall Best PayPaliOS and AndroidNo required minimal transfer amountUsers who send money using a credit card are charged 2.90 percent in addition to a set fee. Sending international personal transactions costs 5% whether done with a PayPal balance, bank account, or Amex Send account. International credit card payments cost $4.99 + 3.49 percent plus a set fee.Transfers take place quickly and differ between banks. Transfers using debit cards could take up to 30 minutes.
Venmo Is the Best for Split BillsiOS and Android  No required minimal transfer amountFree to send or receive money; using a credit card incurs a fee of 3% of the transfer amount. The fee for instant cash-out transactions to your bank account is 1.75 percent.Instant
Best for small transfers is Facebook Payaccording to the apps you now useNo required minimal transfer amountNoneInstantaneous, though bank processing could take up to five days
Best for Bank to Bank Transfers is ZelleiOS and AndroidVarious banks/credit unions that Zelle collaborates withNone, yet you should consult your bank or credit unionInstant
The Best for International Transfers is WorldRemit
iOS and AndroidDepending on the nation from which you send and the mode of payment used to fund the transferFees and exchange rates vary across the board for every nation.Instant
The Best Cash App Has Low FeesiOS and AndroidNo required minimal transfer amountDeposits are usually free and delivered within one to three business days. Deposits made instantly are subject to a 1.75 percent fee (with a minimum price of $0.25).Deposits typically arrive in three business days. Instant deposits show up right away.


Money transfers Problems:

The Function of Money Transfer Apps

You may quickly and simply send money using money transfer apps. Other programs send your money from one bank to another while others retain it. Some money transfer apps cater exclusively to the demands of the user.

Use of Money Transfer Apps Is Safe

Generally speaking, money transfer apps have strong security safeguards to safeguard your funds. It’s crucial to realize, though, that you might not get your money back if you send it to the incorrect person. Providers may not assist in the recovery of misdirected cash. Sending money to strangers is never a good idea.

When Using an App, How Long Does It Take to Transfer Money?

It differs in how long it takes. Some transfers happen right away, while others can take many days. When selecting the finest mobile money app for you, keep your needs and time constraints in mind.

How We Selected the Best Apps for Money Transfer

We looked into 13 money-transfer applications. We checked each app’s store reviews first, then tested them for usability and transaction speed. We also looked at the operating systems that each app was compatible with, and we focused our search by analyzing the security characteristics of each program. Next, we determined the minimum and maximum transfer amounts for each application.

Editor Recommend: PayPal vs. Venmo

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