No one likes the idea of commuting to the bank daily for small or large money payments. It can be to transfer little money or sign a cheque; the idea of standing in a bank queue is not exciting. Over the years, people have embraced the concept of cashless policies. Going cashless can be for safety reasons, to prevent the stress of leaving your house every day to make transfers or exacting cash on hand. Some apps have made the sending and receiving of money more accessible and even more exciting. All you need to do is type in the amount, press a few buttons, and that’s it! 

What Is a Money Transfer App?

Money transfer apps help one individual send money to another at any time of the day. There are different types of financial applications. Some are for saving money; others are for sending and receiving money. A money transfer app is for sending and receiving money. It allows you to send money online using your phone with the internet. It saves the stress of going to the bank at different hours of the day to make transactions. It also gives a quick and safer option to its user at all times of the day. If you need to complete an urgent transaction, you can use one of the best apps for international transfers 2021 and you don’t have to be at the bank or wait until the following day. With a money app, you can transfer money at any time of the day. 

Here are 10 ideal apps that work perfectly for money transfers. 

• CashApp

CashApp is a U.S money sending app formerly known as Square Cash, a platform that makes payment easy for small businesses. Once you download the CashApp mobile application, you need details of your debit card to make transactions. The app has a free and a business version. When a transfer is made with the free version, there is no additional charge with the business version, which charges about a 3% fee. It also has a weekly sending and receiving limit on the free version. If you make transactions with your credit card, then the CashApp is not for you. Small-scale investments and cryptocurrency transactions are valid on CashApp.

• Venmo

Venmo is under Paypal, which is a parent company designed for money transactions. It is easy to make transfers on Venmo because your account has your contacts (Facebook and contacts). It lets you send money for free for 1-3 business days. There is a 3% charge fee when you use your credit card. The Venmo app lets you see other people’s activity in the newsfeed of the app. 

• Paypal 

If you are a freelancer, you should have the Paypal app on your phone. It is one of the oldest digital wallets and is convenient for domestic or international small and large payments. The app makes it easy for clients to make transfers without going to the bank. You can request money from other users on the app or send out your Paypal info and have your account credited instantly. It has an option for international transactions and works in over 100 countries. 

• MoneyGram 

MoneyGram allows money delivered to you and also international remittances. It lets you transfer money to more than 200 and provides bill payments for your families or friends. It offers its users quick and efficient transactions. It is currently one of the largest money service providers globally, and you can send money at cheaper rates. 

• Zelle

Zelle lets people using the same bank make transfers of small or large amounts easily. The app is free, and all you need to make payment is the mobile or desktop version of the application, internet too! They have a long-term partnership with Bank Of America, Wells Fargo, Ally, Chase, and Capital One. Zelle is best for the bank to bank transfers. There are no charges, and the transaction is swift. 

• WorldRemit 

Just like MoneyGram, this app is one of the best for international transfers. It does not have a global transfer limit, unlike others. You can send money to over 150 countries around the world. They have service charges which are 25% cheaper than using other international money transfer apps. 

• TransferWise

The name and how swift the app works are all you need to be able to transfer wisely. It is perfect for international transactions and has as low as 0.7% service charge. You can spend minimal money as there is no minimum limit for transfers. There is a mobile app for it and also a website. 

• Veem 

Payments on veem accept domestic and international transfers. They have a payment tracking and checkout page, which makes it an excellent option for business transactions. Their foreign exchange rates are low. They have a PayMe button on their mobile and web version. 

• Google Pay

With Google Pay, you can transfer money throughout your location. The mobile version of the app is called Gpay. The app lets you import loyalty cards, use promo codes, and also enables you to split bills. It has a Google Wallet Card option that allows you to make transfers using an ATM. The service fee is free. 

• Western Union

You don’t need the hassle at the bank when you have the Western Union app. It is one of the oldest money-sending apps and works in over 200 countries. When you send money, you can track the transfer from your phone. It cost more to make transactions using Western Union compared to MoneyGram. 

BONUS: Did you know you can also use Facebook Messenger!? If you can text with your family at midnight on Facebook, you can also send them money at midnight. Facebook app has a money-sending feature that lets you send money to contacts on the app. The service is free, and all you need is your debit card. It can also work when you link your Facebook to your PayPal account.

Transferring money is easier and faster than ever. Always remember to check fees before you make a transaction. These apps are ideal and safe to use. If you encounter a problem, you can always visit your bank.