The 7 best apps for sending money

Need to send money quickly and easily? Forget exchanging bank details or fumbling for cash – these seven apps let you transfer funds using just your smartphone. Choose the one that best suits your needs.

1. Venmo: Simple and Social

Venmo (Android & iOS) excels at quick transfers to friends and family. Its user-friendly interface makes sending money a breeze. Pay using contacts, phone numbers, email addresses, or Venmo QR codes. Debit cards and bank accounts are free; credit cards incur a 3% fee. Funds arrive instantly within Venmo, with free (1-3 business days) or instant (1% fee) bank transfers available. Venmo also offers a social feed to track transactions and see friends' activity.

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2. PayPal: A Comprehensive Solution

PayPal (Android & iOS) offers robust functionality, including straightforward person-to-person payments. Send money via contacts, email, or phone number. Choose "Friends and family" for free transfers (up to one business day) using PayPal balances, debit/credit cards, or bank accounts.

3. Apple Pay: Seamless Apple Ecosystem Transfers

Built into iOS (not available on Android), Apple Pay offers free person-to-person payments between Apple users. Enable Apple Cash in your iPhone settings, then send money directly through the Messages app. Transfers are instant, but bank withdrawals may take up to three days.

4. Google Pay: Versatile and Convenient

Pre-installed on Android and available for iOS, Google Pay provides a comprehensive payment system, including easy friend-to-friend transfers. Set up a debit card or bank account, then send money via contacts, email, or phone number. Transfers are fee-free and instant, although bank withdrawals can take minutes to five business days.

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5. Samsung Pay: Samsung Ecosystem Focused

Pre-installed on Samsung phones and compatible with Android, Samsung Pay allows person-to-person payments using Samsung Pay Cash virtual cards (both sender and receiver need one). Add funds from debit cards or bank accounts. Send money via contacts or phone numbers; transfers are fee-free and instant, though bank withdrawal times aren't specified.

6. Cash App: Streamlined Simplicity

Formerly Square Cash, Cash App (Android & iOS) simplifies personal payments. Enter the amount, select a recipient (contact, email, phone number, or $cashtag), and pay. Debit and bank accounts are free; credit cards incur a 3% fee. Transfers usually take minutes but can take up to three days depending on your bank.

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7. Facebook Messenger: Integrated Messaging and Payments

Use Facebook Messenger (Android & iOS) to send and receive money for free. Set up debit cards and/or PayPal accounts as funding sources. Send money directly within a conversation. Note that transfers can take up to five business days.

Correction – June 14, 2021, at 10:39 a.m.: A previous version incorrectly stated that Google Pay accepted credit cards. It only accepts debit cards and bank accounts.

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