6 Best Money Transfer Apps of 2020

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Whether you need more money during your trip, want to buy something online but don’t have enough in your money app, or want to transfer money to a friend or family member, there’s an app for that. Money transfer apps make it easy to send money worldwide at any time of the day. Below are the best money transfer apps for 2020.

Best Money Transfer Apps of 2020

Cash App

Also known as Square Cash, Cash App is an app that can receive direct deposit payments, and you can connect it to a credit card. You can use it for personal and business reasons.

To sign up for the app, all you have to do is download it to your iPhone or Android, enter your phone number and email, and you’re good to go. Instant deposits are delivered instantly with a 1.5% fee, but standard deposits are free and take 1 to 3 business days to go through.

OFX

OFX is an Australian based money transfer app with support staff and offices located in the USA, the UK, Canada, and other locations. This app is regulated by the US Department of Treasury Financial Crimes Enforcement Network. It’s easy to send wire transfers quickly, so you or the person you’re sending money to doesn’t have to wait three business days.

PayPal

PayPal is an easy way to transfer money to someone else or your bank account, credit, or debit cards. The standard transfer is free and takes 1 to 3 business days, and the instant transfer has a fee of 1% up to $10 taken for the fee. Free and straightforward to use.

A lot of apps use PayPal to pay its users such as affiliate network and Survey platforms. You can check out our guide on the best apps that pay real money via PayPal. You just have to basic tasks and you can easily cash out 10-15$ with minimal efforts.

Venmo

Venmo is another digital wallet that you can link to a bank account or debit card. You can use it to split a meal, send friends or family birthday money, or transfer money to your bank. Sending money using your Venmo balance, debit, or bank account is free, but they do have a 3% fee applied to credit cards.

Western Union

Founded in 1851, Western Union has been here for over 150 years. With the WU money transfer app, you can transfer money internationally to over 200 countries or friends and family in the same country. You can send money anytime and track money transfers from anywhere. There are fees with amounts that change depending on where the money originates.

WorldRemit

WorldRemit authorizes 90% of their transactions within minutes, and there’s no need to visit an agent. You can transfer money from your smartphone or computer to 150 countries, and the technology they use guarantees the money arrives safe and secure.

While you never know when you need to send money or have money sent to you, doing your homework ahead of time and downloading the right money transfer app saves a lot of time. Please make sure you have extra money for whatever fees you may encounter and ensure that the app is secure and will send the money safely to its destination.

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