What are the top 10 money transfer apps and services in 2022? This is one question that people who like to run money transfers from their smartphones often ask. If you also need an answer to this question, this post is certainly for you.
Today, the benefits of using the right money transfer apps can’t be overstressed enough. These apps are designed to make it easy for you to remit money easily, right from your smartphone. That aside, money transfer apps also make it possible for you to manage and keep track of your remittances.
For you to enjoy all the goodies that come with using money transfer apps, you need to opt for a top application. A good example of a reliable money transfer app you can rely on today is PayPal. As you read further, you’ll find the top 10 list of other money transfer apps and services in 2022.
Here are the top 10 money transfer apps and services
1. PayPal
PayPal is arguably one of the best money transfer apps in the world today. This app offers tons of amazing features that allow you to send money quickly from almost anywhere around the world.
The PayPal app is owned by PayPal Holdings, Inc., an American financial technology company that has been in service since December 1998. Because of that, the PayPal app is reliable and you can always use it to run money transfers across the world.
Apart from being reliable, another highlight of the PayPal app is that it’s secure and pretty much easy to install/use. One problem, however, with this app is it has a high transaction rate. Besides, it can also hold your money, depending on the type of transactions you run.
2. WorldRemit
WorldRemit offers its users many payment delivery options. For instance, the bank transfer option allows you to send money directly to another person’s bank account. The recipient certainly does not need to have a WorldRemit account to enjoy this option. The cash pickup option is pretty fast, as it allows you to send money directly to an agent. The recipient can always go to the agent to receive the money.
WorldRemit currently occupies this position because of a couple of reasons. One of them is that the app doesn’t have any hidden costs. Besides, the money transfer service will allow you to send money to about 130 different countries around the world.
3. Cash App
Sitting on the third spot on our top 10 list of money transfer apps and services in 2022 is Cash App. This app, developed by Block, Inc., allows its users to transfer money quickly to another person at a fee of 1.5%.
Many people love Cash App because it offers amazing features, especially those you can’t find on other top money transfer apps. For instance, this app offers its users cash boosts and various investment options. The only problem, however, with it is that there’s no guarantee you’ll get your money back once you run a money transfer to the wrong person.
4. TransferWise
Occupying the fourth spot on this list is TransferWise. If what you’re looking for is a reliable money transfer scervice that allows you to send money internationally, then TransferWise is a good option.
Apart from being reliable, TransferWise also charges a low transfer fee; this is another reason many people love using it. Another good thing about TransferWise is that it offers different payment options. The popular ones are direct wire transfers and next-day transfers.
5. Currencies Direct
Occupying the fifth position on our top 10 list of money transfer apps and services in 2022 is Currencies Direct. This money transfer service, initially introduced in 1996, is amazing because of many reasons. First, it doesn’t charge any transfer fees. In addition, its exchange rates are generally low and competitive.
So, if what you’re looking for is a transfer service with better rates, you can always trust Currencies Direct. The problem, however, is that this award-winning money app only supports money transfers with about 40 different currencies alone.
6. Venmo
Venmo, founded in 2009 by Venmo, LLC, a subsidiary of PayPal, is an American mobile money transfer service. Many people use this app because it offers a more social approach to splitting money. Transactions on Venmo are pretty fast and you certainly don’t have to deposit money into your account to make money transfers.
7. Facebook Pay
Facebook Pay occupies the seventh spot on our top 10 list of money transfer apps and services in 2022. This app is perfect for you if you’re looking to send small amounts of money. With this app, you can send money through Messenger, Portal, WhatsApp, and Instagram.
Facebook Pay offers many functions; this is part of why people choose it as their preferred money transfer app. It can always function as a chat app for communication with your friends and family. Another interesting thing about this app is that it can allow you to send money to multiple people at a time. The only problem, however, is that this app is not available in all countries around the world.
8. Zelle
If what you’re most interested in is bank-to-bank transfers, then Zelle is the perfect app for you. One good thing about this money transfer app is that almost all banks support it. Interestingly, even if your bank doesn’t support it, you can still use Zelle for your bank transfers. The only problem, however, is that this app mostly works just for domestic banks.
9. Payoneer
Occupying the ninth spot in our top 10 list of money transfer apps and services in 2022 is ‘Payoneer’. This app is pretty easy to set up and use. If you’re a freelancer looking for a better app to receive and transfer money, Payoneer is one of the few money apps you can trust.
Another highlight of Payoneer is that it doesn’t charge any fee for money transfers. You’ll find this app helpful in receiving money from any location around the world.
10. XE Money Transfer
Are you looking for a money transfer service that allows you to perform same-day transfers to almost all countries around the globe? If yes, then XE Money Transfer is a good option for you. This online money transfer platform has over 285 million visitors annually. Besides, the platform is FCA-authorized; meaning you can always trust it with your money.
