Traditional Banks are good, but there are countless situations where they are not good enough, and you would need a capable money-transferring app to get things done. Whether it’s bill payment or paying for your online shopping, these apps come in handy. So, if you also want to explore money-transferring apps and looking for the best of them, then this guide is for you. In this comprehensive guide, we will share the best iPhone apps to transfer money.
Best Money Transfer Apps for iPhone in 2020
- Google Pay
- Cash App
- Western Union
PayPal (Editor’s Choice)
PayPal is one of the best apps to transfer money in 2020. We don’t think that PayPal needs any introduction because it’s arguably one of the most popular money-transferring services out there.
The company offers its services in all major countries around the world, so there are great chances Paypal offers its services in your country. Also, it comes with handy features such as Fraud protection, which ensures that you don’t lose your Money. The app also allows you to fingerprint log-in and two-factor authentication as well, which ensures that only you get access to your funds.
Google Pay is arguably one of the most popular iPhone apps to transfer money. It’s a truly global money-transferring app, and it’s used by millions of individuals and small retailers around the world.
You can simply add your credit/debit card to Google Pay and start paying online. The best thing about Google Play is that it doesn’t require you to disclose any bank details, which is a plus. Also, it allows you to transfer the loyalty cards, rewards programs, and other things to Google Pay app, and you won’t need to install the separate apps.
Venmo is one of the best money transfer apps for iPhone. Whether it’s a small transaction to your friend or a huge amount, you can do it with Venmo.
You can use the Venmo to pay for things anywhere, “MasterCard” is accepted. On top of that, Venmo has partnered with services such as Uber, StockX, Grubhub, and Zola to ensure that you could pay for using these services.
WhatsApp is arguably the most popular messenger apps out there, and now Facebook is taking the things to the next level by enabling payments from WhatsApp. You can simply use the app to send and receive payments online.
This feature is currently not available in all countries around the world, but it will soon be available. So, if it’s available in your country, you can use it to send or receive payments on the go.
Zelle is one of the most popular money-transferring apps which you can use to transfer money to your friends and colleagues. This app mainly serves US-based users, and the service has partnered with the leading banks and credit unions across the US to deliver reliable service.
You can simply use an app to transfer money from your bank account to another bank account on the go. However, it’s only possible is your bank is supported by Zelle, and there are high chances that your bank is supported because Zelle has partnered with top banks in the US.
Cash App is one of the best iPhone app to transfer money. The best thing about Cash App is that it’s truly an international money-transferring app that allows you to send or receive payments from anywhere you want.
When you sign up for the service, you get the instant virtual VISA card, and within a week, you get the physical VISA debit card. So, you can use the app for online payments and physical cards for offline payments.
Western Union is one of the best money transfer apps for iPhone in 2020. It’s a truly international money-transferring service because it has its presence in over 200 countries and 500,000 points around the world.
You can use this app to get the live exchange rates of popular currencies. It can also send payments globally and also track your money transfers. You can also send the money to your friends and family with a quick resend feature.
TransferWise is another very popular money-transferring app which is used by more than 6 million users worldwide. The best thing about TransferWise is that it comes with a real-time exchange rate, which means that the app won’t charge you a higher markup exchange rate.
Also, it allows you to transfer money on the go, and it can hold up to 40 currencies at once with the free account. TransferWise is a very capable app, and you can use it if you want to hold multiple currencies in your account!
How to pick the best Money-transferring App for iPhone?
When it comes to money-transferring apps, you should take extreme caution as it involves your hard-earned money. So, we would recommend you to always rely on well-established and popular services. All of these listed apps are tried and tested by millions of users worldwide, and they offer the best service.
However, we would recommend you check the reviews of each service and consider the other features and then pick the one service which suits your needs. These are some common factors which you should consider when picking a money-transferring app.
- Does the app offer its services in your region?
- What fee does it charge on a transaction?
- What is the reputation of the app?
- Does the app offer any fraud-protection?
- Is there any annual or subscription fee on using the service?
These are the important questions which you should ask and check when picking the money-transferring service.
That’s all, folks. These are the best iPhone apps to transfer money. All of these apps are trusted by millions of users, and you can use them without any worry. If you have any questions, please let us know in the comment section below. Also, don’t forget to check our Best Productivity Apps for iPhone.