Nowadays, sending and receiving money through applications is indispensable for everyday life. Whether it is to receive a fixed salary, pay for services or send money to friends and family.
Find out which are the best apps to send money quickly, securely and inexpensively, inside and outside the United States.
Below you will learn about the different money transfer applications, their features and benefits, so you can choose the one that best suits your lifestyle.
There are several applications for sending money in the United States and other countries. Before choosing one of them, it is important that you know very well their advantages and disadvantages.
Comparison of the best money transfer apps**.
**Please check for the most current information from each supplier.
As you can see, there is a wide variety of applications to send money for free or with affordable fees. Below, we explain their features in detail.
3 best applications to send money in the United States
If you are looking for applications to send money in the United States, here are 3 options with various benefits for all types of users.
Venmo
It is a payment transfer application that operates in the United States. In addition to serving to make transactions between family, friends and companies, this app works as a sort of social network, in which users can share and comment on their payments with each other, to create networks and get closer to each other.
Venmo operational features and functions
- Payment methods: It is possible to link a bank account to make payments, either by debit or credit card.
- Transfer speed: ACH transfers take 1 day to complete, although in some cases it may take a little longer.
- Transfer limit: up to 60,000 per week for verified users.
- Additional services: Functions as a social payment network. Allows online and in-store purchases.
Advantages of Venmo
- Intuitive and easy-to-use interface
- Instant transfers between Venmo accounts
- It is possible to transfer money to other bank accounts
Disadvantages of Venmo
- Security risks
- Does not work for international transfers
- Identity verification is required to avoid shipping limits.
Zelle
It is a service that allows sending and receiving money between bank accounts compatible with Zelle. It is directly integrated with bank applications and websites, so you only need the recipient's email or cell phone number to send money.
Operational features and functions of Zelle
- Payment methods: It works through the banks that offer the Zelle service.
- Transfer speed: Immediate.
- Transfer limit: Transfer limits per bank, depending on each bank, are approximately $500 per day.
- Additional services: It is integrated with most U.S. banks to facilitate transfers between accounts.
Advantages of Zelle
- Fast and free service
- It is not necessary to have the recipient's bank details.
- No limits on the amount of money received
Disadvantages of Zelle
- It does not have its own application
- Not accepted by all banks
- Operates only within the United States
Cash App
It is an application for sending and receiving money. In addition, it is easy to make online purchases and payments between friends.
Cash App operational features and functions
Methods of payment: CashCard debit card.
Transfer speed: Standard transfers up to 3 days or immediate transfers with commission.
Transfer limit: Up to $7,500 per week for verified users.
Additional services: Access to Cash Card, free debit card linked to the balance in the app.
Advantages of Cash App
- Security measures are in place to protect user information.
- Debit card available
- Allows sending and receiving money via Cashtag, QR code, email or phone.
Disadvantages of Cash App
- Not compatible with international transfers
- Credit card fees
4 best apps to send money internationally
The aforementioned services are suitable options if you are looking to make transfers within the United States. In case you are interested in sending money abroad, you can consider these alternatives.
Comun
Comun is a digital platform that allows sending and receiving money among its users. It is a great option for our community, since it provides services available in Spanish, and allows us to make transactions within the country or send money to our places of origin. In addition, it offers affordable prices for those who are looking for an option that meets their needs.
Operational characteristics and functions of Comun
Methods of payment: Joint account and direct deposits.
Transfer speed: Instantaneous to a few minutes (average 8).
Limit per transfer for international transfers*:
- Comun works with cumulative limits:
- 1 day: 2,999 USD
- 7 days: 4,999 USD
- 14 days: 7,999 USD
- 30 days: 9,999 USD
- 60 days: 11,999 USD
- 90 days: 19,999 USD
- This means that the amounts sent are added up within each time window. For example, if you send 2,999 USD today, you will only be able to send 2,000 USD more in the next 6 days to complete the limit of 4,999 USD in 7 days.
Additional services: Possibility to open an account with the official documentation of your country.
Advantages of Comun
- Allows you to send money without complications
- Maximize every dollar so that your loved ones receive more
- Open an account only with the official ID of your country.
Disadvantages of Comun
- The recipient needs an account in Comun for local transfers, but will only need his or her name, telephone number and date of birth to receive the money.
MoneyGram
It is a platform that allows international money transfers through a website, a mobile app or in physical establishments.
Operational Features and Functions of MoneyGram
Payment methods: Cash, credit card, bank account and online banking.
Transfer speed: Up to one day.
Limit per transfer: Up to 10,000 online.
Additional services: payment of services and other international services.
Advantages of MoneyGram
- International coverage
- Presence in a large number of establishments
Disadvantages of MoneyGram
- Unfavorable exchange rate for the user
- High transaction fees
Western Union
It is a global money transfer network that operates in more than 200 countries and has different methods of receipt, such as deposits to bank account, cash and digital wallet.
Operational features and functions of Western Union
Payment methods: Cash, credit card, bank account and online banking.
Transfer speed: Within minutes or several days, depending on the type of shipment.
Limit per transfer: Up to 5,000 online.
Additional services: Broad global presence.
Advantages of Western Union
- Presence in more than 200 countries
- Cash withdrawal option
Disadvantages of Western Union
- High shipping commissions
- Unfavorable exchange rate for the user
Remitly
It is an international transfer service that operates in more than 170 countries.
Remitly's operational features and functions
Payment methods: Bank account, debit and credit card.
Transfer speed: Immediate Express Transfer or Economy Transfer in up to 5 days.
Limit per transfer: Depends on the level of verification. For example, for a new user there is a monthly limit of 3,000 USD for transfers to Mexico.
Additional services: Home delivery option.
Advantages of Remitly
- Various delivery methods available
- Affordable commissions
Disadvantages of Remitly
- Higher commissions for express shipments
- Low availability in some regions
In short, Comun offers a simple and accessible solution for transferring money from the United States to other Latin American countries directly, quickly and securely. It allows its users to deposit the amount to be transferred on a debit card, facilitating immediate access to funds and thus facilitating the daily lives of thousands of migrants.
3 apps for sending money from one application to another
Finally, we present alternatives to make international transfers between users of the same application, such as:
Wise
It is a financial technology company that offers low-cost international wire transfer services at a real exchange rate.
Operational features and functions of Wise
Methods of payment: Bank account.
Transfer speed: Instantaneous.
Limit per transfer: Up to $5,000 per month.
Additional services: Multi-currency account.
Advantages of Wise
- Affordable shipping fees
- Competitive exchange rate
Disadvantages of Wise
- Some countries may have limitations
- Some transfers may generate fees
Revolut
It is a fintech that allows sending, receiving and making international money transfers.
Operational features and functions of Revolut
Payment methods: Revolut account and prepaid debit card.
Transfer speed: Instantaneous between Revolut users and up to several business days between external accounts.
Limit per transfer: No established limit.
Additional services: Automatic savings and financial analysis.
Advantages of Revolut
- Affordable prices
- Fast transfers
Disadvantages of Revolut
- Functions may vary from country to country
- No physical branches
PayPal
It is an online payment platform that allows you to send and receive money from various locations around the world.
PayPal operational features and functions
Payment methods: Balance in account, debit and credit card.
Transfer speed: Generally, immediate.
Limit per transfer: Up to 10,000 USD per transfer.
Additional services: Allows to associate different payment methods, as well as to receive payments from other users.
Advantages of PayPal
- High security standards to protect your financial information
- It has a vast global presence and acceptance
PayPal Disadvantages
- High operating commissions
- Unfavorable exchange rate
Take control of your transfers with Comun
There is a wide variety of reliable and accessible applications and services to make transfers in the United States and to other international destinations. Therefore, it is important that you analyze and compare the features of each one according to your priorities and needs.
Comun is a financial service that solves everyday needs in the United States, with an app and a platform available in Spanish, so that opening an account is very easy and fast. In addition, it facilitates sending remittances to Latin America without complications so that your family receives more money for less at competitive prices. Undoubtedly, it tops the list of the most reliable applications to make your life in the United States easier.
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