The Best Ways to Transfer Money Right Now

Looking to move money around? Whether you're sending or receiving, these money transfer apps are here to simplify the process.

Frequently called peer-to-peer (P2P) transfering, these money-sharing services allow us a unique amount of control over sending, receiving, and sharing money. Thanks to app-friendly functions, we’re now able to make payments with the push of a button and use our digital wallet when need be.

Electronic transactions and payments are always within reach, but not all transfer methods are created equally. The best money transfer apps come with the most satisfied customers and the least amount of hidden fees. They also cater to the needs of the consumer.

While new apps and features are popping up all the time, here are the best of the best, as it stands.


venmo app on smart phone home screen

Popular with businesses and individual users, Venmo is the money transfer brainchild of its parent company, PayPal. Easy-to-use and community-oriented, it has an appealing social element for those doing peer-to-peer transfers.

Whether you want to split the check or lump your and your roommates’ utility payments into one, Venmo is ideal for those working together to pay bills and have each other’s back. Venmo is also pretty popular because there’s no monthly or annual fee. With that said, it’s worth noting that credit cards come with a 3% fee if it’s your chosen method of payment.


Male hand holding a smartphone with Zelle App on the screen

Affiliated with hundreds of U.S. banks and credit unions, Zelle is another great way to pay bills or pay friends back in a timely manner. It allows users to securely and swiftly transfer money between bank accounts.

Through the mobile banking app, money can be sent almost immediately. Very little info about the recipient or sender is needed, so make absolutely sure you’re sending money to the right person.


Paypal logo on smartphone screen. Paypal is an American online payment and banking company.

Often deemed the grandparent of money transfer apps, PayPal has been on the scene the longest and remains an eCommerce power player.

It’s geared towards businesses and those keeping invoices. However, PayPal’s fees are notably high, especially for those engaging in business transactions. On the plus side, it’s easy to use and charges no fee for sending money.

Cash App

CashApp Iphone Screen with Pencils and Pine Cone.

Cash App might seem like the underdog of transfer apps in some ways, but it does a few nifty things popular competitors don’t. For starters, Cash App is not just in the business of handling regular money. This forward-thinking service handles cryptocurrency as well. You can also invest in stocks.

Secure and straightforward, users are given special offers called “cash boosts,” which can include discounts at various coffee shops, restaurants, merchants, and DoorDash. Cash App also provides its users with a bank account and debit card.


world remit app on iPhone screen

WorldRemit is becoming more popular among those using an iOS or Android app, especially those looking for more flexibility or making international transfers. This service allows users to transfer money using their debit, credit, and prepaid cards. They can also use direct bank transfers, Poli, Interac, iDEAL, Klarna, Apple Pay, or Trustly.

Rates can be on the higher end, depending on the chosen currency and transfer method. You’ll be able to send money to over 50 countries, deposits are typically available in under 10 minutes.

Western Union

Male hand holding New Apple iPhone 7 Plus after unboxing and testing by installing the app application software Western Union money transfer app

Western Union has a long, reliable history of money transfer situations. And this reliable, global service is now available as a mobile app.

While cash pickup is the most familiar Western Union option to most, there’s now an easy-to-use mobile wallet option worth trying. It boasts forward-thinking features like one-touch fingerprint login and transfer tracking.


Laptop computer displaying logo of Azimo

With Azimo, only your first two transfers are free. But they’ll always be quick and easy.

Azimo is still somewhat new to the scene, but it’s growing exponentially. It’s currently being used in over 200 countries as we speak. With this global app, you can transfer via bank deposits and mobile wallets, or even cash.


Moneygram logo on their main exchange office for Belgrade.

MoneyGram is another money transfer service you’re probably well aware of by now. It’s by far one of the biggest and most well-known. But they’re also famous for their tacked fees and interest rates. Still, in a bind and without a mobile app, MoneyGram is always around in a pinch.

One of the upsides to MoneyGram is its rewards system. Users are offered a percentage off of future transactions. It also allows cash transfers for those who need dough in hand. Finally moving into the future, MoneyGram now offers more than one way to transfer money, including mobile wallets.

Google Pay and Apple Pay

Apple Pay and Google Pay icons on iPhone screen. A

Once upon a time, Google Pay and Apple Pay were just techy means to store personal payment information. But now, they also function as easy to set up and use transfer apps that track when and where you’re spending money. And their airtight security remains one of their biggest calling cards.

While these two are free and quite similar, they do differ in some ways worth noting. Here’s a helpful Google Pay vs Apple Pay breakdown, compliments of Investopedia.

Choosing The Transfer Service That’s Right For You

These money transfer apps have one key thing in common: satisfied customers. No matter what you’re looking for, we all want to use a service that’s reliable, safe, and speedy.

When deciding what’s right for you, be sure to note minimum transfer limits and/or overall fees. Take into consideration how long all transfers will take. And figure out which app best suits your specific needs, including your preferred method of payment.

Above all else, exercise caution whenever you’re using any money transfer service, especially if you’re the one sending the money. Go with the money transfer app that makes you feel the most protected. You can’t go wrong with that.

Read More: Best Resale Apps For Turning Clutter Into Cash

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