10 Best Money Transfer Apps of 2020: Safely and Fastly

It is now easier to send and receive money across borders by money transfer apps in a global system! So, what are the best apps for sending money?

Technology and international network are growing day by day. Smartphones have been helping us with many issues since they entered our lives. Thanks to them, we can take photos, make calls, access the internet, and even control our company. As these become easier, globalization is growing rapidly and now every second is important for us. But how useful are money transfer apps on our phones?

So what are the most useful and safe money sending apps? We have prepared this list for your precious time and safety.

1 – Paypal

It is undoubtedly one of the most popular and used money transfer apps. The application is one of the most widely used for online shopping on pages anywhere in the world. But it only allows us to send money to other Paypal users very conveniently and securely. It also gets ahead of other competitors with low taxation.

App Features:

  • Easily Transfer
  • Track and monitor every PayPal transaction
  • 7/24 monitoring transactions.

Transfer Limitation: It would be more beneficial for taxation if you send less than $300 overseas.

Installs: 100,000,000+

Downloads: Android, iOS

2 – Western Union

Western Union Company is a worldwide American financial service and communications company headquartered in Denver, Colorado. Western Union was the leading American company in the telegram forwarding business until it ended its service in 2006.

App Features:

  • Fast and Reliable
  • Quick Setup
  • Tracking System

Transfer Limitation: The maximum you can send per transaction is $2500.00

Installs: 100,000+

Downloads: Android, iOS

3 – TransferWise

TransferWise is not available in certain countries, but it is one of the most downloaded and used money transfer apps, especially when looking for the possibility of making international shipments. As expected, there are certain commissions when sending money out of the country, although it promises to be much cheaper than your own bank.

App Features:

  • Sending and receiving money at a low cost
  • You can get a free multi-currency account with this application
  • Free multi-currency account
  • Real exchange rate

Transfer limitation: It depends on which country you will send money to, but these limits are quite general.

Installs: 5,000,000+

Downloads: Android, iOS

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4 – Payoneer

Payoneer is an American-based financial services company. The platform which provides online money transfer and digital payment services is committed to providing payment services to businesses beyond the borders and expectations. The platform now facilitates global trade for thousands of small businesses and marketplaces from 200 countries and regions.

App Features:

  • Easy to learn
  • Over 19 languages and 20+ currencies

Transfer limitation: You can withdraw up to 30 ATMs for $ 5000.

Installs: 1,000,000+

Downloads: Android, iOS

5 – Venmo

It is one of the favorite money transfer apps for those looking for maximum security and comfort when sending or receiving money, transferring, or paying via mobile phone. It also allows you to add your credit cards or bank account to pay quickly and easily from your mobile phone.

App Features:

  • Fast Money Transfer
  • No processing payments for debit card transfer
  • Sync with Facebook and phone contacts

Transfer limitation: $299.99 weekly

Installs: 10,000,000+

Downloads: Android, iOS

6 – Square Cash

Cash App is a mobile payment service developed by Square, Inc., allowing users to transfer money to one another using a mobile phone app. As of February 18, 2018, the service recorded 7 million active users.

App Features:

  • Fast sign up
  • Sending and receiving cash in seconds
  • Commission-free in stocks

Transfer Limitation: Initial limit of $250 per transaction or seven-day period.

Installs: 10,000,000+

Downloads: Android, iOS

7 – OFX Money Transfer

The OFX Money Transfer App is here to help you make fast, secure, and simple international money transfers 24/7. It allows makes mobile money easy, so you can keep up with market trends, transfer on-the-go, and track payments wherever you are.

App Features:

  • Better exchange rates
  • 24/7 global support
  • Transfer tracking

Transfer limitation: You can transfer as much as you want. From $2,000 to $2 billion, our robust platform can handle it.

Installs: 100,000+

Downloads: Android, iOS

8 – Azimo

Azimo was founded in 2012 to offer cheap, fast and easy money transfer apps to its customers. The highly-rated website and mobile app is currently used by more than 1 million people worldwide to send money to over 200 countries and 60 different currencies.
App Features:

  • Data Security
  • Sync phone contacts
  • Fingerprint for identification

Transfer Limitation: The minimum amount for sending via SWIFT transfer is 200 GBP, while the maximum amount you can send is: 250,000 GBP.

Installs: 1,000,000+

Downloads: Android, iOS

9 – Zelle

Zelle has partnered with leading banks and credit unions across the U.S. to bring you a fast, safe, and easy way to send money to friends and family. Money moves quickly directly from bank account to bank account.

App Features:

  • Don’t charge fees,
  • Fast and easy

Transfer Limitation: If your bank or credit union doesn’t offer Zelle, your limit is $500 per week.

Installs: 500,000+

Downloads: Android, İOS

10 – Twyp

It is a very useful application to exchange money without commissions. It is an application supported by the ING Direct bank and also adds chat so that we can text our friends while arranging the payments.

App Features:

  • Texting
  • No commission
  • convenient and fun client

Transfer Limitation: It allows you to send or receive money from other people who have installed the app on your mobile, as long as the amount does not exceed 1,000 Euros

Installs: 100,000+

Downloads: Android, iOS

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