Best Money Transfer Apps for Making Payments Anytime, Anywhere

I am all about maximizing productivity. Whether it be at work, or in my personal life, I always try to find ways to minimize the amount of effort I need to put in to achieve the desired result. Not surprisingly, cell phone applications have become a great tool in practically any scenario. Although I could mention many types of applications that I love, I must admit that some of the most useful applications I’ve found include banking and money management apps.

When it comes to transferring money, usually transactions need to be done quickly. And, with a money transfer app on your phone, you can make a payment right away without the need for a desktop computer. Given that there are so many apps for transferring money, I thought it would be a good idea to select and review my top 3 favorites. After doing a little bit of research, I found a list of the Best 10 Apps for Transferring Money.

After checking out some of the apps, I selected the ones I liked the most and reviewed them. I also thought it would be helpful to list the pros and cons of each one.

Western Union US – Rating: 4.6, Downloads: 5M+

My first pick is Western Union US. The reason it made it to the top of my list is that you can make money transfers to over 200 countries. So, if you are traveling overseas, or you want to be able to make payments to any person around the world, you can’t go wrong with Western Union US. I also like that you can easily setup future payments so that they go through automatically without having to remember to process them every single time. Another feature I liked is that you can search for nearby agencies using your GPS location, and instantly get information such as work hours, services, and directions.

Although I did not have any issues, I noticed that some users reported a delay in the release of an app update when Android or iOS upgrade their operating system. In the interim period, users reported a few bugs, but thankfully any issues were solved as soon as the developers released the update. On the plus side, the support team is extremely attentive, which is a huge plus if you need help making a transfer or solving any other issues.

Pros:

Coverage in over 200 countries, set up future payments, save contact payment information, agency finder.

Cons:

Delay in updates.

Overall:

Great for making transfers to any part of the world, but keep in mind that there is a slight delay in update releases.

PayPal – Rating: 4.6, Downloads: 50M+

My second pick is PayPal. What I really like about it is that it uses advanced encryption technology to ensure that every transaction is secure. I also like that you can set up two-factor authentication or use your fingerprint to log in as an extra layer of security. I also found the money transferring features to be extremely convenient, as you can make payments or request money with just a few taps. Another plus I found is that you can make transfers to more than 100 countries around the world.

While there are no fees associated with PayPal transactions made within the United States, I noticed that there is a fee for payments made overseas. However, the fee is small when compared to other competitors, so it is still a great option if you want to make international transfers.

Pros:

Secure, two-factor authentication, make or request payments, more than 100 countries covered.

Cons:

Small fee for international transfers.

Overall:

Make and receive payments securely, but keep in mind that there is a small fee for transfers made overseas.

WorldRemit Money Transfer – Rating: 4.6, Downloads: 1M+

My third pick is WorldRemit Money Transfer. One of the best things I like about it is that the interface is super simple. I found it to be super intuitive, and within just a few taps you can make any payment you need to. There are no unnecessary options or complicated menus that make transferring money more confusing than it needs to be. I also liked that it sends notifications to both the sender and receiver on the status of the money transfer, so you can always know exactly where the money is. Another plus I found is that more than 145 countries are covered by WorldRemit, so you can transfer money without a worry even if you are traveling overseas.

The only drawback I found is that the transaction fees are a bit higher than some competitors. However, I found that the money transfer completes very quickly, so if you need to make a transfer urgently, this is an excellent choice!

Pros:

Simple and intuitive interface, transaction updates, worldwide coverage.

Cons:

Transaction fees are higher than some competitors.

Overall:

Know exactly where your money is with status updates for every money transfer, but you might find that the transaction fees are a bit higher than those offered by competitors.

Conclusion

So, those are the best apps I found for transferring money. Whether you are always on-the-go, or you simply want to make your life easier, these apps will enable you to make money transactions online anytime, anywhere. Even if you don’t make transfers that often, having a money transfer app on your phone can be a lifesaver when you are away from a computer. I hope that my reviews helped you find what you needed. Now you can transfer money no matter where you are!