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The Best Money Transfer Apps for 2022

Money transfer apps, also known as peer-to-peer (P2P) apps, allow you to transfer money from person to person quickly and securely. They simplify payments and even allow you to use a digital wallet to link your credit card or bank account.

The best money transfer apps garner high ratings on app stores, help app buyers spend money safely, and incur no hidden fees. They also adapt to specific consumer needs, such as international payments, social options, virtual wallet offers, etc.

Best Money Transfer Apps for 2022

best money transfer apps

1. Paypal

PayPal is a popular payments app that makes it simple and convenient to send and receive money domestically and internationally. PayPal’s brand name awareness boosts it to the best overall category.


  • Name/brand recognition cultivates instant trust
  • Easy to install and use
  • Fast and secure


  • High transaction fees
  • May hold money
  • Difficult customer service

PayPal is an easy-to-use payment application with a wide variety of features. PayPal makes it easy to send payments to friends and family or pay for goods and services. Once you have created an account, you can use the app or a web browser to manage your transactions.

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

If you need to send money overseas, PayPal is available in over 200 countries and regions. Make sure you are aware of the fees. And if you regularly transfer money internationally, it’s worth looking for the best deal.

money transfer apps

2. Worldremit

The WorldRemit app won this category for its low fees, best upfront exchange rates, and no hidden fees, as well as its flexibility to send to over 130 countries.


  • Quick deposit options worldwide
  • Easy to use


  • Can send to a limited number of countries
  • Complex transfer fees
  • Limits on large transfers to certain destinations

The WorldRemit Wallet allows you and people you know to send, receive or store money in a range of currencies using the WorldRemit app. It is suitable and safe to use and can be downloaded from Google Play or App Store. The app gives you various ways to send money—through cash pickup, bank transfer, mobile money, and airtime top-up, and that’s why it landed in our top category.

WorldRemit’s extensive network of local partners works with banks and financial institutions around the world. You can send a maximum of $9,000 in 24 hours and $5,000 per transaction for debit, credit, or prepaid cards. You can send a maximum of $9,000 in Apple Pay payments within 24 hours and send a maximum of $300 per transaction. WorldRemit lists all fees and exchange rates before you complete each transaction.

With 24/7 customer support, 125,000 five-star reviews, and 95% of transfers done worldwide in minutes, you can be sure that your money is in safe hands.

best money transfer apps

3. Cash App

Cash App, a peer-to-peer (P2P) payment service owned by Square Inc (SQ), scored highest in the low fee category as it allows users to send funds instantly through the mobile app for free. The Cash app stands out for its simplicity (pay or get paid), ease of use, and zero commission.


  • Easily make and receive mobile payments
  • You can buy and sell Bitcoin
  • No fee option to send and receive money
  • Simplifies reimbursements
  • Invest in stocks with no commission fees


  • Low early limit for the first 30 days
  • Must rely on another person to return money if you send to the wrong individual
  • Cannot be used internationally

The Cash app supports debit and credit cards from Visa, MasterCard, American Express and Discover. The app supports most government-enabled prepaid cards, but users cannot make deposits to these cards. The Cash app does not currently support debit cards, Paypal, and corporate debit cards.

How to sign-up? All you need to create an account is your name, postcode, and email or phone number. It is not necessary to link your bank account to open a Cash App account.

Venmo a44f8668afea44b19245354b148b35b7

4. Venmo

With Venmo, is easy to send and receive money and it offers a potential “parking place” for your cash. You can spend, send, or transfer Venmo money to your bank account. Because of these reasons, it won the category for shared expenses.


  • Provides a social way to split money
  • Money moves instantly
  • No need to add money to Venmo to make payments


  • Past security concerns
  • Fee for instant cash-out transfers to your bank account

Venmo is a peer-to-peer digital payment service empowered by PayPal Holdings Inc. You can send or receive money for free through the peer-to-peer payment app, though Venmo charges 3% of the transfer total to send money via credit card.

As Venmo is very user-friendly, you can make the experience more interactive by adding emojis or animated stickers with your transactions. You can send money using your iPhone- or Android-based smartphone by choosing a sign-up method and creating a secure password. Venmo asks you to verify your phone number, email address, and bank account

best money transfer apps

5. Zelle

When it comes to bank-to-bank transfers, Zelle tops because of its quick access and wide availability at most banks and credit unions. For registration, you just need an email address or phone number.


  • Widely used by many banks
  • You can still use it if your bank doesn’t offer Zelle
  • Swift movement of funds
  • Money is federally insured


  • Can’t connect a credit card to pay
  • Only works with domestic banks

No other app offers such an easy interbank process. Zelle can transfer money to other Zelle users through the easy-to-use app. Users can send or request money with an email address or phone number. Recipients must have a Zelle account to send or receive money. Zelle sends an SMS or email and a link to accept payment.

You can find the free app through the App Store or Google Play. Enter the amount you want to send. The money goes directly to the recipient’s bank account, usually within minutes.

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6. Meta Pay

Meta Pay won the award for its ease of transferring small amounts of money through a familiar platform. You can use Meta Pay to make secure and transparent payments in certain countries via Meta Messenger, WhatsApp, Portal and Instagram.


  • Excellent chat feature for communication
  • Easy to request and transfer money
  • Can add multiple people to the money request


  • May not be available in all payment uses
  • Purchase protection not consistently available

You can easily send money or donate to causes you support with simple steps:

  1. Message the recipient. 
  2. Tap the money icon, then enter the amount you want to send. 
  3. Recipients can then tap “pay.” Meta will lead recipients through the process with specific instructions if they don’t have an account.

You can customize your interactions as much as you want as the platforms offer instant messaging, audio, video, group chat, etc.

The app only works with reloadable prepaid cards, government-issued debit cards, bank-issued Visa or Mastercard debit cards, or PayPal accounts. The app does not hold your money.


Is it Safe to Use Money Transfer Apps?

Money transfer apps are safe, but they’re not foolproof. If you’ve ever texted or called the wrong number, that mistake could cost you when sending money. It’s important to understand that you may not get that money back. In most cases, providers won’t help if the recipient refuses to return the misdirected funds.

Does it take long to transfer Money with an App?

The length of time it takes varies. Debit card transfers may take up to 30 minutes. All countries have different fees and exchange rates. Standard deposits arrive within three business days.

What are the Best Money Transfer Apps?

The best Money Transfer Apps of 2022 are as follows:

What are the Best Money Transfer Apps US to Ghana?

If you are interested to know more about the Best Money Transfer Apps US to Ghana, click this link to know more about their exchange rates, transfer fees, and the best of their features.



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