May 29, 2024

Whether or not you’re seeking to make an internet buy or ship cash to your youngsters whereas they’re away from house, money isn’t all the time king. Typically, it’s sooner and safer to ship or obtain cash by means of a cell app or on-line platform. These could make it straightforward to ship secured funds on to the recipient, typically in mere seconds.

Right here’s a have a look at our prime picks for the perfect apps to obtain and ship cash within the U.S. and the world over, and why you may select every one. 

Greatest cash switch apps in contrast 2023

Flexibility and buy safety

From free to five%, relying on switch sort

As much as $60,000 per transaction for verified accounts

Financial savings and funding options

As much as $1,000 per 30-day interval for unverified accounts, could also be larger for verified customers

Spending (and splitting) overseas

Ship as much as accessible stability in your account

Varies by transaction quantity, forex, and supply technique

Ship as much as $2,999 every day, $10,000 month-to-month, or as much as $18,000 over a six-month interval

Varies by transaction quantity, forex, and supply technique

As much as $10,000 per on-line transaction, as much as $10,000 per 30-day interval; larger limits could also be accessible in retailer

As much as $5,000 per switch to your financial institution, as much as $10,000 per week into your Venmo account

Instantaneous transfers between banks

Day by day and rolling month-to-month limits differ by monetary establishment

Varies by transaction quantity, forex, and supply technique

As much as $50,000 per transaction as soon as verified

Our suggestions for the perfect apps to obtain and ship cash

Greatest for flexibility and buy safety: PayPal


  • Ship cash to others, make on-line funds, or full service provider transactions.
  • Dispute decision and safety included on purchases at no extra cost to patrons.
  • Worldwide transactions and transfers allowed with forex conversion.


  • Charges are charged when sending cash to pals or household with a debit/bank card.
  • No choice for money withdrawal.
  • Financial institution transfers and withdrawals can take a number of days to course of.

PayPal is the primary—and some of the well-known—names in on-line funds, with greater than 435 million lively client and service provider accounts. This platform permits for protected transactions between companies and prospects, in addition to the flexibility to ship cash between people. Thus far, PayPal has helped facilitate over $1.36 trillion in cost transactions throughout greater than 200 markets worldwide. 

With PayPal, you possibly can ship cash from virtually anyplace on this planet utilizing your checking account, debit or bank card, or an current PayPal account stability. It’s also possible to make purchases with built-in client protections, at no extra price to you.

There isn’t a charge to ship cash to family and friends if you use your checking account, PayPal stability, or Amex Ship account—nor do you pay additional for items and providers coated by Buy Safety. For those who use a debit or bank card to ship cash to family and friends, you’ll be charged 2.9% plus $0.30 per transaction.

Companies or people utilizing PayPal to obtain funds for items and providers can pay a charge per transaction plus a proportion of the funds acquired, relying on the transaction sort and quantity. Each customers and retailers are coated by Buy Safety for these eligible transactions, with PayPal providing dispute decision and reimbursement if a coated problem arises.

Greatest for financial savings and funding options: Money App


  • Funds may be directed right into a linked checking account or non-obligatory Money Card debit card.
  • Money deposits allowed by means of collaborating retailers.
  • Direct deposit prospects could obtain paychecks as much as two days early.


  • Funds can take a number of days to reach in linked financial institution accounts.
  • Instantaneous switch withdrawals require paying a charge.

Whereas not the longest-standing choice, Money App does get bragging rights for being the top-rated cost platform within the Apple App Retailer. 

Money App is out there to customers aged 13 and up, permitting people a free choice for sending and receiving cash shortly, together with within the UK or EU. Whereas deposits can typically take a couple of days to reach, many funds are deposited right into a linked checking account instantly. You possibly can ship cash to others by means of a linked checking account or you may make money deposits into your Money App at choose retailers. 

Customers don’t should ship money by means of Money App, although; you may also ship or obtain shares and even bitcoin on the platform. For those who select to financial institution by means of Money App, you possibly can simply handle your Money Card out of your cellphone’s app with no month-to-month charges or overdraft penalties, and also you get entry to your paycheck as quickly as two days early if you arrange direct deposit. 

Greatest for worldwide transfers: MoneyGram


  • Companies accessible worldwide and in most currencies.
  • Consumer-friendly app affords upfront charges and switch occasions.


  • Charges are charged on home and worldwide transfers.
  • Whereas some transfers are immediate, others could take a number of days to finish.

Whether or not you should ship cash throughout the state or the world over, MoneyGram makes it straightforward and secure to switch money on-line, by means of a cell app, or in-person at varied retailers. Whereas there are charges concerned with a MoneyGram switch, the service is taken into account very user-friendly and permits for the easy motion of money even with forex conversion.

Funds may be despatched 24/7 utilizing a debit card, bank card,or on-line checking account—and even utilizing money at a collaborating location. The charges you’ll incur rely on how a lot cash you’re sending, the place it’s going, and the way you’re funding the transaction. For a lot of worldwide transfers, charges begin as little as $1.99. The cash might be accessible to your recipient in simply a few minutes or inside a couple of enterprise days. 

Greatest for spending (and splitting) overseas: Revolut


  • Optionally available Revolut pay as you go card permits for purchases and transfers of acquired funds.
  • Complimentary membership choice accessible.
  • Over 55,000 in-network ATMs.


  • Solely supplied in choose international locations and currencies.
  • Not as fashionable as many different cash switch apps.
  • Relying on customers’ wants, memberships could price as a lot as $16.99 monthly.

Just like Venmo and Money App, Revolut is a cell cash switch app that makes it straightforward to separate payments, ship cash, and obtain funds from others in simply seconds, in as many as 29+ fiat currencies. Along with your distinctive username, you possibly can request cash from others or acquire funds even from these not on the app. You’ll even get a bodily or digital Revolut card that can be utilized to switch funds and make protected purchases on-line.

Month-to-month subscriptions vary from $0.00 to $16.99 monthly, relying in your wants. All choices help you switch cash internationally with out charges, create and observe a finances, and even make fee-free withdrawals at over 55,000 in-network ATMs. 

Greatest for Residence Supply: Remitly


  • Many choices supplied for receiving funds, together with house money supply in some areas.
  • Upfront charges and a number of funding choices.


  • Solely accessible in choose international locations.
  • Home and worldwide transfers are fee-based.

Remitly is a world cash switch platform that lets you ship money to family members in different international locations with upfront charges and peace of thoughts. You possibly can decide to ship funds on to their checking account or cell pockets, enable for a money decide up, or, in some instances, even go for house supply. 

With Remitly, you possibly can provoke transfers by means of the cell app or by signing up on-line. Charges rely on the way you fund the switch, which nation the recipient is in, how a lot you’re sending, the pace of the switch, and the way you need your recipient to obtain the funds. Utilizing a debit or bank card is the lowest-cost choice usually, with financial system charges as little as $1.99 and categorical charges beginning at simply $2.99. 

Greatest for cell transfers: Venmo


  • Free to make use of.
  • Permits for funds to pals/household or companies (with buy safety).
  • Probably the most fashionable cost apps on this planet.


  • Funds aren’t instantly accessible in your checking account.
  • Charges are charged for Instantaneous Switch. 
  • No choice to obtain money.

Launched in 2009, Venmo is a well-liked subsidiary of the fintech big, PayPal. Venmo was initially touted as an effective way to ship funds to pals, particularly when it got here to issues like splitting the dinner invoice or sharing bills with roommates. Venmo’s cell app has since gained round 90 million customers, or a couple of third of U.S. adults. It shortly grew to become some of the fashionable cost apps on this planet.

With Venmo, customers can join a financial savings account, checking account, or perhaps a bank card for funding functions. They will use these linked accounts to ship cash to pals, cut up payments, ship items, or pay companies for on-line or in-person purchases. 

Any acquired funds may be transferred to the checking account of your selecting in a single to 3 enterprise days. Need your money sooner? Instantaneous Switch offers you entry to your money inside simply minutes for a charge of 1.5% (minimal of $0.25 and most of $15).

Venmo additionally affords a linked bank card, permitting customers to pay for purchases and earn as much as 3% money again. You possibly can even buy and handle a cryptocurrency pockets by means of the Venmo app. And for those who pay for items and providers with Venmo, your eligible buy is protected if one thing goes improper. 

Venmo is free to obtain and use. There are charges for expedited withdrawals to a checking account, in addition to a 3% charge for those who ship cash to another person utilizing a linked bank card account (linked checking account funds don’t have any charges). Companies additionally pay a 1.9% charge plus $0.10 of any acquired funds over a greenback.

Greatest for immediate transfers between banks: Zelle


  • Funds are deposited into the linked checking account immediately.
  • No charges for both person.
  • Enrollment is safe and sometimes performed by means of your financial institution’s cell app or on-line platform.


  • Transfers solely allowed between enrolled customers.
  • Not accessible by means of all monetary establishments.
  • Linked account is the one funding choice (no sending funds from a bank card, and so forth.).

Zelle is a cash switch platform that connects together with your U.S.-based financial institution or credit score union accounts. With Zelle, you possibly can immediately transfer cash from one enrolled checking account to the following, whether or not you’re sending funds to a beloved one or paying for one thing you acquire on Fb Market.

Relatively than these funds touchdown in a intermediary platform after which needing to be withdrawn to a different checking account, Zelle lets you make transfers that immediately withdraw from one checking account and deposit into the following. Typically, which means that the funds can be found to be used instantly.

In an effort to use Zelle, each customers should enroll by means of the Zelle cell app or their financial institution’s on-line banking platform. A U.S. checking or financial savings account is required to enroll. There isn’t a charge to make use of Zelle’s providers, and it’s accessible by means of greater than 1,700 monetary establishments. 

Zelle isn’t a cost platform, so you possibly can’t use it to make on-line purchases by means of a service provider’s web site. You additionally received’t be supplied any buy safety for those who pay a vendor instantly, and there’s no choice for disputing a switch as soon as it’s been despatched. Be sure you ship Zelle funds solely to people you already know and/or belief.

Greatest for Sending Money: Western Union


  • Obtainable in additional than 200 international locations and practically all currencies.
  • Transfers may be initiated on-line, by way of cell app, or in-store.
  • Recipients can obtain transfers in money, if desired.


  • Home and worldwide transfers are fee-based.
  • Funds transfers could take a number of days to finish.

There are numerous cash switch apps and platforms that make it straightforward to ship funds from one checking account to a different. However what if you wish to ship cash to somebody who doesn’t have a checking account, or you should discover a option to safely ship money both domestically or internationally?

Western Union has been round since 1851 and started providing cash transfers as early as 1871. When you may initially ship funds solely between New York, Chicago, and Boston, Western Union now gives cash switch providers in additional than 200 international locations.

With the Western Union app, you should use your checking account, bank card, or debit card to ship cash to others, or you possibly can deposit money at an in-store location. The recipient can then obtain their funds on the opposite finish in a couple of other ways, together with choosing up money at an agent location close to them.

The charges for sending funds by means of Western Union differ relying on the place you’re sending cash from, the place the recipient is situated, the way you’re funding the switch, how a lot you’re sending, and the way the recipient will obtain the funds. It takes anyplace from a couple of minutes to a number of enterprise days earlier than the funds can be found.

Greatest various to apps to switch cash

Unsure for those who’re comfy with a cell cash switch app? Listed below are two different choices to think about.


For those who run your individual firm, Lili may also help you handle your corporation checking and ship or obtain funds by way of seamless ACH switch. This fintech expenses no hidden charges, has no overdraft expenses, and units no minimal stability or deposit necessities to open or keep an account.

If you should ship cash to others, you might have the choice of normal or categorical ACH by means of linked cost apps. In terms of receiving cash, your Lili account can settle for ACH transfers in addition to fee-free home wire transfers with out limits. There are additionally varied accounting options and software program that make it simpler to handle your corporation’ bookkeeping alongside the way in which.

Apple Money

If you’re an Apple person seeking to ship money to different Apple customers, Apple Money is an alternative choice to think about. With Apple Money, you possibly can ship, obtain, or request cash from others within the Apple household with no charges. 

Transfers may be funded with a linked debit or bank card, checking account, pay as you go card, or an current Apple Money stability. You possibly can ship cash by means of iMessage or by tapping the Apple Money choice in your gadget’s cell pockets. The recipient then wants to just accept the cash as soon as their notification arrives, at which period the funds will switch.

TIME Stamp: Match the cash switch app to your wants and recipients

Whether or not you’re seeking to pay your babysitter, make an internet buy, or ship money to your school pupil who’s learning overseas, there are lots of totally different apps and cell platforms you should use to switch cash or facilitate a cost. A few of these are standalone apps, whereas others are simply built-in with a few of the greatest banks and monetary establishments. 

A few of these apps provide free cash transfers to household and pals whereas additionally offering you with sure buy protections if you purchase from a service provider. Others are designed that will help you ship money the world over safely and affordably. 

Continuously requested questions (FAQs)

How do cash switch apps work?

Cash switch apps work by sending a digital cost, ACH switch, or home or worldwide wire from a sender (who funds the transaction) to a recipient. Relying on the app, these funds is perhaps mechanically deposited right into a checking account, readily spent utilizing a linked debit card, accessible for money withdrawal, or may be transferred to a different linked checking account. 

In some instances, funds may be despatched by depositing money at an in-person location, and might even be picked up within the type of money by the recipient. If funds are despatched from one eligible nation to a different, these apps may even facilitate forex conversion from sender to recipient.

How a lot do cash switch apps price?

Many cash switch apps can be found freed from cost, particularly in case you are sending money domestically or to family and friends. Others cost charges on the service provider aspect for those who use the app to make a purchase order for items or providers.

There could also be charges concerned for those who decide to switch cash by means of an app utilizing a bank card, want an expedited transaction, or if the money wants to alter currencies. These charges can differ from a greenback or two as much as a whole lot of {dollars}, relying on how a lot you wish to ship and the way you propose to fund the transaction.

Are cash switch apps secure?

Most cash switch apps are monetary expertise corporations (fintech) with extremely encrypted platforms to maintain your cash and data as secure as doable. Most of those corporations are licensed and controlled by businesses within the U.S. and overseas. Even nonetheless, it’s necessary to ship cash solely to folks you already know and belief, as there are only a few (if any) protections accessible as soon as your funds have been despatched.

How lengthy does it take to switch cash with an app?

Many apps help you ship funds to others immediately. Relying on the platform, these funds could must be transferred out to a linked checking account earlier than they are often spent, or they could be instantly accessible within the account of your selecting. 

Different platforms, particularly these facilitating worldwide transfers, could take minutes and even days earlier than the funds can be found. 

Money App vs. PayPal—which is best?

Money App is a superb selection if you wish to ship cash to others by means of an app with out charges, whereas additionally gaining access to a linked debit card and even the choice to pay in cryptocurrency. Paypal often is the better option, nevertheless, for those who’re shopping for items or providers and wish buy safety, or finishing an internet transaction.

Remitly vs. MoneyGram—which is best?

Each Remitly and MoneyGram provide worldwide cash transfers with forex conversion and a number of funding choices. With each corporations, charges are famous upfront and you may monitor your cash switch each step of the way in which. In lots of instances, MoneyGram cash transfers could also be accessible in as quickly as a couple of minutes, whereas Remitly affords house supply providers for cash transfers, simplifying your entire course of to your recipient.

The Revolut USA Pay as you go Visa® and Pay as you go Mastercard® are issued by Metropolitan Business Financial institution pursuant to a license from Visa U.S.A. Inc. for Visa playing cards, and Mastercard Worldwide for Mastercard playing cards, and could also be used all over the place Visa or Mastercard are accepted. Banking providers are offered by Metropolitan Business Financial institution, Member FDIC, and are topic to the phrases of a Cardholder Settlement. “Metropolitan Business Financial institution” and “Metropolitan” are registered logos of Metropolitan Business Financial institution © 2014.

A notice from Metropolitan Business Financial institution: Funds in your Revolut Pay as you go Card Account are held at an FDIC insured establishment. Your funds might be held at or transferred to Metropolitan Business Financial institution, an FDIC-insured establishment. Whereas there, your funds are insured as much as $250,000 by the FDIC within the occasion Metropolitan Business Financial institution fails if particular deposit insurance coverage necessities are met and your card is registered. See as you go.html for particulars. FDIC insurance coverage doesn’t shield your funds within the occasion of Revolut’s failure or from the chance of theft or fraud.

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