Which Online Money Transfer App is Best?

When you need to send money overseas, the options can be confusing. Do you use your bank? What about a money transfer service like Transferwise or PayPal? How do you know which is the best option for you?

In this blog post, we’ll compare money transfer services to see which app is better. Let’s get started now.


Looking for an easy and low-cost way to send money overseas? Wise (formerly known as TransferWise) is a great option. With a 9.1/10 rating on TrustPilot and positive reviews, they offer an easy-to-use online service and mobile app.

Plus, they always offer the best exchange rates — identical to the base, interbank rate. They charge a small, percentage-based service fee, which is often lower than what other currency exchange companies charge. In comparison after comparison, Wise comes out on top as the best-priced currency exchange company. So if you’re looking for a hassle-free way to send money abroad, Wise is definitely worth checking out.


PayPal is one of the most popular online payment providers in the world, with over 200 million users. It’s a convenient way to send money to friends and family, make online purchases, and even receive payments for your freelance work.

One of the great things about PayPal is that it’s available in almost every country. So no matter where you are in the world, you can likely use PayPal to send or receive money. And if you’re sending money from one currency to another, PayPal will automatically convert the funds at a competitive rate.

However, there are a few downsides to using PayPal. First of all, they charge fees for currency conversions and international transfers.

Cash App:

Cash App, owned by Square Inc., allows users to send funds instantly via mobile app for free. Cash App stands out for its simplicity (you either pay or get paid), ease of use, and zero fees.

Cash App also offers unique options not common in other money transfer apps, such as investment options, getting special savings with “cash boosts,” and buying and selling bitcoin.


Venmo is a great way to send and receive money quickly and easily. You can also transfer Venmo money to your bank account, which makes it a great option for shared expenses.

Additionally, the Venmo experience can be made more interactive by adding emojis or animated stickers to your transactions. Overall, Venmo is a great option for those looking for a quick and easy way to send and receive money.


For bank-to-bank transfers, Zelle is the clear winner. Zelle offers quick access and is available at most banks and credit unions. Zelle is easy to use – you can register with just an email address or phone number.

Plus, you can send or request money with an email address or phone number. Recipients must have a Zelle account to send or receive money. When you request payment, Zelle sends a text or email and a link to accept payment.

The money goes directly into the recipient’s bank account, typically in minutes. You can find the free app through the App Store or on Google Play.


So, which online money transfer app is best? It really depends on your needs. If you’re looking for the easiest and most user-friendly option, Cash App is a great choice.

For bank-to-bank transfers, Zelle is the clear winner. And if you’re looking for the best exchange rates, Wise is definitely worth checking out.

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