Money transfer apps are handy when you want to transfer money quickly. Gone are the old times when we wait for days to transfer money. Now, you can quickly transfer money with the advent of the money transfer apps. You can transfer money to your friends, family, for goods, and other daily services. These apps are simple to use and you can digitally send and receive money.

Have a look at the 5 best money transfer apps for both Android and iOS.

• Google Pay
• Venmo
• PayPal
• Zelle
• CashApp

Google Pay

With Google Pay, you can easily make UPI transfers, pay bills, recharge your mobiles or DTH. It is a user-friendly and secure payment app from Google. All you need is a Gmail account and you can transfer money instantly. Also, you can use Google Pay any number of times as there is no transaction fee. Besides, this app allows you to send money to those even who don’t use GPay. In this case, you can send money via UPI. The multiple security layers make sure that your bank account is completely protected while you shop online.

Download: Android, iOS

Venmo

Venmo money transfer app is exclusively designed to send money to family and friends securely. The app’s added social features allow you to see other’s activity. Also, there is no transfer fee for debit cards and bank transfers. But for credit cards, there is a 3% fee and 1.5% for instant transfers. Another uniqueness of this app is that it can also be used for business transactions. Also, you can keep funds as Venmo balance that can be later used. Venmo protects your account details and payment data through encryption.

Download: Android, iOS

PayPal

Having a PayPal account helps you to check out faster while shopping online. Moreover, it is one of the first apps to introduce digital payments. Using PayPal, you can send payments around the world. There is no transfer fee for linked bank accounts and PayPal Cash while there is a 2.9% fee for credit and debit cards. Many freelancing websites prefer PayPal as it permits to transfer money internationally. You can keep track of the PayPal account and monitor each and every transaction.

Download: Android, iOS

Zelle

Zelle allows direct bank-to-bank transfers among your kith and kin. It has also come in agreement with many banks and unions in the United States. So, it ensures fast, safe, and secure payment transfers. The best part of Zelle is that the service is completely free. Zelle international transfers can be completed without installing the app. You can complete the transaction through Zelle using your respective banking app. Another important feature is that you can send payments within one business day.

Download: Android, iOS

CashApp

You can send, save, spend, or invest money using CashApp. There is no service fee if you use a personal account. But for businesses, there is a 3% fee. The drawback of CashApp is that you can use it only with debit cards. If you want to use CashApp with a bank account or credit card then you must lookout for another option. If you are looking for small-scale investments then CashApp is the best. You can also sell, buy, withdraw, or deposit bitcoins. It is one of the best money payment apps that allow us to receive and send money instantly.

Download: Android, iOS

With the pandemic around, people are mostly staying indoors. So, make use of these payment transfer apps to send money digitally. Also, you can check your bank account balance without going to the banks or ATMs. Thus, these money transfer apps work as your digital wallet. So, choose the best app according to your necessity, apps functions, apps’ user-friendliness, and the platforms they support.