Apple Card may be easy to use but people prefer to send and receive funds using third-party apps. The peer-to-peer transfer of money ensures secure and quick transactions between you, your family, or your friends. You are not allowed to share any bank information. Would you like to use such an app? Check out this list of best money transfer apps on iPhone and iPad.
Top 10 Money Transfer Apps for iPhone
Venmo is one of the most popular money transfer apps. You can use the app to send or receive money anywhere. Venmo is not just for small transactions among friends or roommates. You can also use your Venmo balance anywhere Mastercards are accepted.
The cost of renting a place, paying for concert tickets, or eating out is often shared by young users. Students can also send their friends money as a way to wish them good luck on exams or to purchase birthday presents.
Venmo developers are working with other services such as Uber, StockX, and Grubhub. You can now quickly pay for services that you have used.
Also read: How to Use Venmo for Business
WhatsApp is the app of choice for secure communications, but it has more surprises in store. You can easily and securely send and receive money using the Internet connection of your iPhone or iPad (including Wi-Fi).
Update this app before you begin the process. This chat client allows you to create a new account and transfer money.
You can use WhatsApp Payment to send money and receive it.
PayPal is the most popular app for online money transfers. It is the oldest app for international money transfers. Millions of people have used the app; businesses send money to freelancers around the world using this app.
PayPal is very popular for a number of reasons. This app protects your financial data. PayPal allows you to monitor your transactions around the clock for your peace of mind.
Your money is protected by a layer of extra security, including fraud protection and authentication (fingerprints and two-factor).
4. Cash App
Cash App is safe, fast, and free. Cash App is the fastest way to send money overseas. You can use Face ID, Touch ID, or a passcode to create a security barrier on your iPhone and iPad. You can also pause the spending of your Cash Card by simply tapping it if you lose it.
Cash App will give you a virtual Visa debit card for free in no time. You will receive a physical debit card within a week. You can make your first payment with a super-fast registration process.
This app allows you to deposit your paychecks, tax refunds, and other payments. You can pay your bills using a single account number and routing.
5. Western Union
You can check the exchange rate before sending money to a friend who lives in another country. Repeat the transfer quickly. Western Union Money Transfer iPhone App: Powerful!
Western Union has agents located all over the world. You can initiate a money transfer or use your credit card and pay in cash at an agent location near you.
Western Union is present in over 200 countries with more than 500,000 locations. You can ask friends and family to pick up cash at the physical locations. They can also receive money on their mobile wallet or bank account.
Zelle is a partnership between leading credit card and bank companies in the United States. This partnership provides a safe, fast, and simple way to send money.
Zelle, like Google Pay (listed below), believes that money should be transferred from one bank account to another. You can use Zelle from your mobile banking application if your bank or credit card company offers it.
Zelle sends money the most securely by using email addresses or US mobile numbers of recipients instead of bank account numbers. This service is free of charge.
7. Google Pay
Google Pay app has made my life so much easier. This app is a safe and convenient way to manage money, make payments and keep track of your savings and spending. You can pay with a simple tap in your favorite stores, or online. Send or request money to maintain the right balance.
You can also connect with and discover new shops to shop at. You can save money on your purchases and get rewards. The two pins that you must enter to access the app and confirm transactions will keep your information safe. This is a payment solution that everyone should use.
TransferWise has become very popular with business owners and freelancers because it allows them to send and receive funds in 28 different currencies. This app makes sending money overseas eight times cheaper than other banks.
You can also use the app to create a multi-currency-free account. This allows you to hold your money until the exchange rate is favorable and then convert it. TransferWise is used by many people to pay their monthly utility bills in other countries.
This app allows you to pay your mortgage or loans abroad and keep your money in over 40 currencies.
Also read: 15 Mobile Payment Apps for Business
9. Xoom Money Transfer
PayPal has created an app that allows you to securely send money to cash pickup locations and banks around the world. This app allows you to pay utility bills and recharge your phone in another country using an iPhone. It is a great way to travel.
You don’t have to worry about the status of your transaction because you will receive timely updates via text message and you can access customer service in multiple languages. The exchange rate is a little higher, but it’s worth the price if you want to transfer money quickly.
10. WorldRemit Money Transfer
WorldRemit can be a good option if you need to send money quickly to family and friends who live overseas. WorldRemit is available in most countries abroad, including the United States, Australia, and Canada, so you are able to send money to your loved ones wherever they may be. The service is simple to use. Simply enter their name or their email address in the app and choose how much money you would like to send (up to $500 for each transaction) before waiting to see their funds arrive within 24 hours.
You have two choices: Apple Pay, or the free. Both options are safe methods to send money abroad without having to worry about fraudsters stealing your sensitive information, such as account numbers via phishing scams.
You can use these money transfer apps on your iPhone to send money domestically or internationally. We have selected apps that are popular and useful, but also secure.