The best money transfer apps for 2021


Pay Pal




The app’s robust offerings, combined with speed and convenience, put it squarely in the winner’s circle. PayPal brand awareness places it in the best overall category.


PayPal’s flexible, secure and easy-to-use money transfer tools put it above the rest. You can transfer money for free from a PayPal balance, bank account, or Amex Send account. You can also use PayPal Instant Transfer for a fee and transfer funds immediately.

PayPal offers versions of its app for iOS, Android and Windows. Downloading and transferring money for up to 20 people at a time only takes a few minutes. For added security, you can agree to display your name, photo, username, email, and mobile phone number on PayPal so people know it’s you.

PayPal Money Pools make it easy for groups of people to participate in a group collection. Share a PayPal.Me link for a fast and secure payment option. PayPal’s invoice creation feature also allows you to personalize and track every invoice you send.

You can send up to $ 60,000, but PayPal can limit the transaction to $ 10,000, depending on the currency you use.

If you accidentally send money to the wrong person, you can tap the contact’s name and request a refund. If the person does not respond, you can tap the blue pencil icon, select “disputes” and contact PayPal.

You can tap into PayPal Cash or PayPal Cash Plus to keep money in your account. PayPal Cash Plus gives you the PayPal Cash Card, a debit card with a daily spending limit of $ 3,000 and a daily ATM withdrawal limit of $ 400 with a limit of 30 transactions per day.

Users pay 2.90% plus a flat rate fresh to send money using a credit card. PayPal charges 5% for sending international personal transactions using a PayPal balance, bank account, or through an Amex Send account. Credit card payments for international transactions cost 7.90% plus a fixed fee.

PayPal protects your information with sophisticated encryption. The company monitors transactions 24/7 and offers dispute resolution if you have an issue with a transaction. You can also add the PayPal security key, which sends you a temporary security code via text message when you log in.

PayPal limits transfers to US banks only and can connect with most US banks and credit unions. Unfortunately, some banks, including online-only or prepaid bank accounts, cannot give you access to PayPal.


About Scott Conley

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