Do you still carry a handful of banknotes and a checkbook with you? If yes, then it’s time to let go of the old and embrace the new. Say hello to money transfer apps. 

Apps to transfer money offers a really easy process to send cash without taking any physical interaction. The best transfer money apps make sure to send money for free without any additional cost. But each online money transfer apps have free structure for transactions. 

First, let’s understand what a money transfer app exactly does. 

What is a Money Transfer App? 

Money transfer apps function like digital wallets. They allow you to send and receive cash to one another, without having to use bank notes or checkbooks. 

But that’s not all. Money transfer apps are not only convenient but also secure. How’s that? 

It‘s because your money transfer app comes with two-factor authentication. This ensures that there is a double layer of security added, which doesn’t result in hackers entering your app and stealing information. 

Thus, money transfer apps are a secure way to send and receive payments. You can use a money transfer app to: 

1. 1. Split a bill with friends

2. 2. Pay rent to your landlord 

3. 3. Send money to family members

4. 4. Make online purchases

Now that we have an overview of what money transfer apps are and how they work, let’s look at some of the best money transfer apps in 2024.

What is the Best App to Transfer Money?

You must be wondering what is the best app to transfer money. Well to answer that let’s keep reading further. 

1. 1. Paypal

A very popular choice, PayPal is one of the top money transfer apps when it comes to sending and receiving payments. 

Paypal is a good choice because: 

1. 1. It is convenient to use and doesn’t require you to add your financial information every time.

1. 1. It offers buyer and seller protection programs in case of disputes. 

3. 3. It allows you to link multiple debit and credit cards to make transactions. 

4. 4. It allows you to pay bills and also set up automatic deductions for recurring charges. 

To get Paypal, you’ll have to visit the official website: https://www.paypal.com/.

2. MoneyGram

One of the best international money transfer apps, MoneyGram comes with both desktop and app interfaces.

MoneyGram allows you to: 

1. 1. Send money abroad or within the U.S. 

2. 2. Check exchange rates and estimate fees. 

3. 3. Pay bills from anywhere. 

4. 4. Conveniently manage your money transfers and profile.

You can get the MoneyGram app on the Google Play Store and the Apple App Store.

3. Remitly

The Remitly app is another app that is used to make payments abroad, such as remittances. 

Remitly allows you to send money to various countries through various payment partners such as Bank Alfalah, Jazz Cash, Sada Pay, and Allied Bank in Pakistan. 

Remitly provides features such as: 

1. 1. 24/7 customer support.

2. 2. Multi-level security to keep your money and data protected.

3. 3. Transparent fees with no hidden charges.

4. 4. Ability to monitor your transfers from within the app.

You can download the Remitly app from the App Store or Google Play store, or scan the code on the website from the phone to get the app. Meanwhile, you can also check the loyalty program on the App Store.

4. Venmo

Owned by PayPal and founded in 2009, Venmo makes making payments very easy. 

Venmo provides features such as: 

1. 1. Digital gift cards to gift to your loved ones on special occasions.

2. 2. No annual fee on purchases with Venmo. Earn large amounts of cashback.

3. 3.  A debit card feature for teenagers which allows parents to track their children’s spending.

4. 4. By using Venmo, you can also invest in cryptocurrencies, which makes it a multifaceted platform for investors. 

The Venmo app is available in three versions, namely personal, teen,  and business. You can get the app from the Venmo website. 

5. 5. Wise

Formerly known as Transferweise, the Wise app is a great platform for international money transfers. The platform provides numerous benefits such as: 

1. 1. Competitive exchange rates because of the app’s mid-market position.

2. 2. Offers comparatively lower fees compared to traditional banks for international transfers. 

3. 3. Speed and convenience, as most transfers are completed instantly, making the app effective to use. 

3. 3. The app allows you to hold and manage 50 different currencies in your wise account. 

You can download the Wise App on the  Apple App Store or the Google Play Store. 

6. World Remit

The World Remit app makes up this list because it has the ability to transfer funds in 130 different countries. The app provides numerous benefits such as: 

1. 1. The ability to transfer large amounts for international money transfers. 

2. 2. The ability to track transfers from the sender to the receiver. 

3. 3. No hidden transfer fees/charges. 

Now that we know of the 5 best apps for money transfer, it’s time for the ending note. 

Is Zelle a Good Money Transfer App?

The Ending Note

The world of finance is rapidly evolving, and money transfer apps are at the forefront of this change. By ditching the hassle of cash and checks, these apps offer a secure, convenient, and feature-rich way to manage your money.

Whether you’re splitting a bill with friends, sending money overseas, or making online purchases, there’s a money transfer app perfectly suited to your needs. From the widespread popularity of PayPal to the international focus of Remitly and Wise, our services at Krystosoft ensure you don’t face any problems using such apps.