The Best Ways to Transfer Money Right Now

Looking to move money? Whether you’re sending or receiving, these money transfer apps are here to simplify the process.

Often referred to as peer-to-peer transfers (P2P), these services give us unique control over sending, receiving, and sharing money. Thanks to their user-friendly features, we can now make payments at the touch of a button and use our digital wallets whenever we need to.

Electronic transactions and payments are always at your disposal, but not all transfer methods are created equal. The best money transfer apps have the happiest customers and the fewest hidden fees. They also meet the needs of consumers.

New apps and features appear all the time, but here are the best of the best, such as they are.


Popular with businesses and individual users, Venmo is the money transfer idea of its parent company PayPal. It’s easy to use and community-oriented and has an appealing social element for those who do peer-to-peer transfers.

Whether you want to split the check or lump together utility payments from you and your roommates, Venmo is ideal for those who work together to pay bills and watch each other’s backs. Venmo is also quite popular because there is no monthly or annual fee. With that in mind, it’s worth noting that credit cards come with a 3% fee if it’s your chosen payment method.


Zelle is connected to hundreds of U.S. banks and credit unions and is another great way to pay bills or pay back friends in a timely manner. It allows users to transfer money securely and quickly between bank accounts.

Money can be sent almost instantly through the mobile banking app. Very little information is needed about the recipient or sender, so make absolutely sure you’re sending the money to the right person.


PayPal is often considered the granddaddy of money transfer apps, but it has been on the scene the longest and remains a power player in e-commerce.

It caters to businesses and those who keep invoices. However, PayPal’s fees are particularly high, especially for those making business transactions. On the plus side, it is easy to use and there are no fees for sending money.

Cash App

Cash App may seem like the underdog among transfer apps in some ways, but it does a few nifty things that popular competitors don’t. For starters, Cash App isn’t just in the regular money business. This forward-thinking service also handles cryptocurrencies. You can also invest in stocks.

Securely and easily, users receive special offers called “Cash Boosts,” which can include discounts at various cafes, restaurants, merchants, and DoorDash. Cash App also provides its users with a bank account and a debit card.


WorldRemit is becoming increasingly popular among those who use an iOS or Android app, especially those who are looking for more flexibility or make international transfers. This service allows users to transfer money using their debit, credit and prepaid cards. They can also use direct bank transfers, Poli, Interac, iDEAL, Klarna, Apple Pay or Trustly.

Prices can be on the higher end depending on the currency and transfer method you choose. You can send money to over 50 countries, deposits are usually available in less than 10 minutes.

Western Union

Western Union has a long, reliable history of transferring money. And that reliable, global service is now available as a mobile app.

While cash pickup is the most familiar Western Union option for most, there’s now a user-friendly mobile wallet option worth trying. It has forward-thinking features like one-touch fingerprint login and transfer tracking.


With Azimo, only the first two transfers are free. But they will always be fast and easy.

Azimo is still somewhat new on the scene, but is growing exponentially. It is currently used in over 200 countries. With this global app, you can transfer via bank deposits and mobile wallets or even cash.


MoneyGram is another money transfer service that you probably already know. It’s by far one of the biggest and best known. But they’re also famous for their tacked-on fees and interest rates. Still, MoneyGram is in a bind, and without a mobile app, it’s always around.

One of MoneyGram’s advantages is its rewards system. Users are offered a percentage discount on future transactions. It also allows cash transfers for those who need dough in hand. MoneyGram is finally moving into the future and now offers more than one way to transfer money, including mobile wallets.

Google Pay and Apple Pay

Google Pay and Apple Pay used to be just tech ways to store personal payment information. But now they also function as easy-to-set-up-and-use transfer apps that track when and where you spend money. And their hermetic security remains one of their biggest calling cards.

Although these two are free and fairly similar, they differ in a few ways worth mentioning. Here’s a helpful breakdown of Google Pay vs. Apple Pay, compliments of Investopedia.

Choose the right transfer service for you

These money transfer apps have one thing in common: satisfied customers. No matter what you’re looking for, we all want to use a service that’s reliable, secure, and fast.

When deciding what’s right for you, be sure to consider minimum transfer limits and/or total fees. Take into account how long all transfers will take. And figure out which app best suits your specific needs, including your preferred payment method.

Above all, be careful when using a money transfer service, especially if you’re the one sending the money. Opt for the money transfer app that you feel best protected with. You can’t go wrong with it.

Go to our tips for the best ways to send money:

Best for cell phones: Venmo

Best for referral bonus: Cash App

Fastest for domestic transfers: Zelle || GooglePay

Most popular online: PayPal

Best for non-bank transfers: Walmart2Walmart

Best for sending $10,000 or more within the U.S.: wire transfer

Cheapest for international transfers: OFX

Fastest for international transfers: Xoom || MoneyGram

Best transfer options: Western Union

Best for easy signup: Wise

When sending money online, the best way depends on how and where you want to send it.

We compared fees, speed, and other features to find the best providers for domestic and international money transfers.

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure our coverage is fair and accurate, so you can choose the options that work best for you.

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