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5 Best App To Send Money Online

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Best App To Send Money Online


You’ve heard of PayPal — and if you haven’t created an account yet, it might be the time. PayPal beats out other peer-to-peer (P2P) money transfer apps like Venmo and Zelle because of its accessibility and choice of payment methods. Funds are received instantly into a recipient’s PayPal account, and can be transferred to their bank account as soon as the next day. Another major advantage of PayPal is that if a recipient doesn’t want to link their bank account, they can use their PayPal balance to spend money instead—that’s because the platform is accepted as a method of payment at 75% of online merchants. PayPal also has more registered users than (PayPal-owned) Venmo, a social-centric P2P app best for smaller dollar transfers.

PayPal’s international transfers come with hefty fees, so it’s only best for sending money within the U.S. It also allows for the largest transfers amount with no limit to how much you can send in total (but individual transactions are limited to $10,000).

How it works: PayPal account holders can send money to friends and family through the app, or online via a web browser. Account holders can send money through a variety of payment methods; recipients also have to be PayPal account holders, but can sign up for free.

Payment options: Bank account (no extra fee), credit and debit cards (small fee to send money from these options)

Fees: Sending money domestically to friends and family via a PayPal balance or linked bank account is free. Sending to friends and family, also domestically, via a credit card, debit card or PayPal credit is subject to a charge of 2.9% of the amount sent through this method, plus a fixed fee of $0.30. (International transfers are subject to transaction and funding fees, plus a fixed fee for sending in other currencies.)

Time to receive funds: Funds are received instantly in the recipient’s PayPal balance and can be transferred to their bank account as soon as the next day.

Transaction limits: Verified accounts have no limit for the total money that can be sent, but are limited to up to $60,000 (or sometimes $10,000) in a single transaction.


Zelle – Best App To Send Money

If you need to send money to someone, but don’t care about the added bonus of being able to pay directly from an app (like PayPal), Zelle is a great peer-to-peer tool for bank account transfers. Wire transfers from bank to bank can take days to process; Zelle, however, can complete the transfers in a matter of minutes. Over 5,400 financial institutions are now on the Zelle Network — meaning a significant number of people have access to fast, fee-free bank transfers. Over 171 million transactions took place on Zelle during Q2 2019, accounting for $44 billion in transfers.

How it works: Banks and credit unions work directly with Zelle to offer the service. To use, customers have to sign up with Zelle directly, which can often be done from their own bank’s app or web site, and enroll their profile. If your bank isn’t currently partnering with Zelle, you can still use the service through its Android and iOS apps (but the recipient must bank with an institution partnering with Zelle).

Payment options: You can only send money directly from your bank account with Zelle.

Fees: $0 to send or receive money (Zelle recommends confirming with your bank or credit union that it doesn’t charge additional fees to use the service.)

Time to receive funds: Recipients already enrolled with Zelle will receive funds in “a matter of minutes,” according to the company.

Transaction limits: Depends on the sender’s bank or credit union. Customers whose banks have not partnered with Zelle and who are using the service via its smartphone apps, can only send $500 per week.


World Remit – Best App To Send Money

While picking a service to send cash internationally, it’s important to pay attention to exchange rates and fees charged by the service — not every service charges the same amount. In fact, even some exchange rates used differ from service to service. WorldRemit has some of the lowest cash transfer fees, and offers a better exchange rate than competitor Xoom. Currently, users can send money to people in over 145 countries.

How it works: You must have an account to use WorldRemit, but signing up is free.

Payment options: Bank account, credit, debit or prepaid card, Poli, Interac, iDEAL, Soford, Google Pay, Apple Pay, Trustly

Fees: Transfer fees vary and depend on where you’re sending the money. For example, to deliver $50 to a Walmart in Mexico, there will be a $3.99 fee.

Time to receive funds: Most transfers are instant or near instant; home delivery can take 24 hours to seven days, depending on the location.

Transaction limits: Depends on the country you are sending the money from. If you’re sending from the U.S. with a debit, credit or prepaid card, you can send $5,000 per transaction with a maximum amount of $9,000 per 24 hours.


Transferwise – Best App To Send Money

If you’re someone who often finds themselves waking up in one country and going to sleep in another, managing money across borders can be difficult. Repeatedly exchanging cash into a foreign currency can cost a lot in fees.  TransferWise, a company focusing on “borderless banking,” makes managing money in multiple currencies a breeze. It’s also possible to do regular money transfers through the platform without setting up its borderless bank account. (Disclaimer: The author of this post has a TransferWise borderless bank account.)

How it works: Setting up a borderless bank account with TransferWise is free and only requires an initial $25 deposit. Each section of the bank account can be designated for a certain currency; for example, if you add a euro balance, the bank account comes with a SWIFT number, just like it would in Europe; if you add a GBP balance, that balance will have a sort code. The bank account can hold and manage more than 40 currencies.

The debit card tied to your TransferWise account is a MasterCard and funds can be added a variety of ways. The account has the ability to convert currencies across balances (for a small fee), and withdrawing cash from a foreign ATM is about a sixth of the cost incurred with other debit cards, according to the company.

Payment options: Direct debit, wire transfer, debit card, credit card, Apple Pay. Fees for payment options depend upon currency being paid or converted to.

Fees: $0 monthly account fee, converting currencies using your card is subject to a 0.45% to 3% fee; ATM withdrawals of up to $250 per 30 days are free, anything over that is subject to a 2% fee.

Time to receive funds: The time it takes to receive funds on the MasterCard depends on how they’re added; some are available within seconds.

Transaction limits: There are no limits of how much you can receive and keep in all currencies other than USD. There is a $250,000 limit per transaction a day, and a $1,000,000 limit per year.



If you’re sending money to a bank account overseas, and want to send directly in the destination country’s currency, Remitly is a cost-efficient option. The service also offers a promised delivery time — and if it isn’t met, you get your money back. One major advantage of Remitly is its express service, which comes at a $3.99 fee, can transfer funds within minutes. Remitly also offers a home delivery service to your recipient, which takes only 1-2 business days.

How it works: Signing up for a Remitly account is free. Once you’re in, choose where you want to send your money and how; you can either send in U.S. dollars or have it delivered in the destination country’s currency.

Payment options: Bank account, credit card, debit card.

Fees: Remitly’s transfer fees depend on how much is being sent, where the money is originating from and where it is being sent to. For example, sending USD to the Philippines, with the recipient receiving it in the local currency, will not incur any fees if transferring via economy — but that doesn’t mean it’s free, since Remitly’s exchange rates are inflated in order for the company to make money. In comparison, sending money from the U.S. to Argentina will face a $0.49 fee. Express transfer fees also vary on the same criteria.

Delivering payments in USD will also incur a fee, and that fee is based on the amount of money sent. Remitly also charges a 3% fee when paying via credit card or business debit card.

Time to receive funds: Economy transfer to bank: 3 to 5 business days; Express: Within minutes. Home deliveries are available with delivery time dependent upon the location it’s being sent. Remitly also has local partners for in-person pickups; for example, money sent to Mexico can be picked up at local Walmart locations.

Transaction limits: Remitly has three tiers of transaction limits, with each additional tier requiring additional verification information. The lowest tier sets a $2,999 daily limit, and the highest a $10,000 limit. More information about Remitly’s transaction limits here.



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