When it comes to online money transfers, banks were a bit too slow to catch the bandwagon. It gave way to a lot of third-party companies to develop efficient apps to make money transferring easier and painless. Where banks are still one of the most widely used methods of money transferring in person, when it comes to transferring money online or through apps, these third party money moving services take the lead.
To make things easier for you, we tried different apps and finally came up with a list based on the security, their usability, their delivery time, and their rates. So, here are 3 apps that we provide unparalleled services when compared to the rest.
1. Western Union
When it comes to money transfer, Western Union is in a league of its own. It is the first name that comes to mind when thinking of money transfer services as they have developed one of the most user-friendly and convenient apps to conduct business. With the help of the Western Union mobile app, you can simply login using your Touch-ID, get an instant estimate of the exchange rates and the fee you will be charged, keep a check on your transfers, and on top of that, the app also gives you the option to pay directly from your bank account via a debit or credit card. With its services stretched to over 200 countries, being in the business for 145 years, and making 31 transactions per seconds daily, Western Union definitely tops our list for being the most reliable and secure money transferring app.
2. PayPal
Another leader, when it comes to global e-wallets is a service called PayPal. You can easily send money from one place to another if both the parties have a PayPal account. With the help of PayPal wallet, you can request money, send money, and even make online purchases. However, you do have to go through a lot of security checks which can be a bit confusing and daunting for most. Most of the times, the pricing and fees of a PayPal transaction can be a bit confusing as they differ from place to place. Nonetheless, it is still one of the most used money transferring services because of the security it provides.
3. MoneyGram
It is one of the most known money transfer services in the world because of how simple they make it to send money from one place to another. If you are paying from your credit or debit card, the fees can be a bit pricey. However, if you are picking money in person, it is one of the most affordable ways to move money. With the help of the MoneyGram app, you can send money to anyone in the world, get updates about it, and find MoneyGram locations near you. Depending on the receiving method, it can take anywhere up to 3 hours or 3 days for your money to reach its destination.
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