7 Best Ways To Send Money – Bankrate
Compare accounts
Get guidance
Compare accounts
Get guidance
Money market accounts
Money market accounts are similar to savings accounts, but offer some checking features as well.
Get guidance
Banking
Unlock financial rewards by signing up for a savings or checking account with a bonus offer.
Get guidance
Compare rates
Get guidance
Compare rates
Get guidance
Buying & selling
Find an expert who knows the market. Compare trusted real estate agents all in one place.
Get guidance
Compare investments
Get guidance
Compare plans
Get guidance
Finding an advisor
Get guidance
Compare cards
Find my matches
See your card matches
Answer a few quick questions and we’ll show you your top credit card options.
Compare cards
See what the experts say
Read in-depth credit card reviews to find out which cards have the best perks and more.
Get guidance
Get advice
Build credit
Compare lenders
Get guidance
Compare lenders
Get guidance
Compare lenders
Get guidance
Compare lenders
Get guidance
HELOC
A HELOC is a variable-rate line of credit that lets you borrow funds for a set period and repay them later.
Home equity basics
Home equity loans
Home equity loans let you borrow a lump sum at a fixed rate, based on how much of the home you own outright.
Get guidance
Compare rates
Popular states
Compare rates
Popular states
Compare rates
Get guidance
Calculators
Get guidance
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
At Bankrate, we take the accuracy of our content seriously.
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced.
Their reviews hold us accountable for publishing high-quality and trustworthy content.
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy.
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Here is a list of our banking partners.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Table of contents
Table of contents
Sending money to someone else has never been easier, thanks to peer-to-peer (P2P) payments. With just a few taps on your smartphone, you can send or receive money instantly. These tools are especially helpful for everything from splitting bills to paying rent or sending financial help to family. But while convenient, not all apps are created equal. Understanding the differences can help you choose the one that’s right for you.
Here are seven of the best ways you can send money to others from nearly anywhere.
Best for: People with compatible bank accounts who want fast, free transfers through their bank app.
Pros
Cons
Zelle allows users to send money directly between bank accounts. As of April 1, 2025, the standalone Zelle app will no longer be available. To continue using the service, users must enroll through one of the more than 2,200 banks or credit unions that offer Zelle through their mobile app or online banking platform. For those whose financial institutions support Zelle, transfers are quick and typically fee-free, making it one of the fastest ways to send money within the United States.
To send money to someone, provide Zelle with their email address or phone number. The maximum amount you can send per week varies depending on the financial institution. Typically, Zelle payments are received in minutes when both parties are enrolled, even on bank holidays or weekends. Though there might be delays of a day or two if new enrollment is a factor, according to Zelle.
What to watch for: Confirm that you are sending money to the right person. If you accidentally send money to the wrong person, there’s no guarantee that you will get your money back.
Standout features
Best for: Paying back friends with a social component.
Pros
Cons
Venmo is a popular peer-to-peer (P2P) payments app, and for good reason. The PayPal-owned app makes it easy to send and receive money with a social twist. Transactions between people are shared with their friends, though users can choose to make their transactions and payment history private, either by default or for individual payments.
You’ll need the Venmo app on your phone to send or receive money through the service. You can easily link your bank account to send money to people for free.
You only need someone’s Venmo username, phone number, or email to pay them, but Venmo may also ask for the last four digits of the recipient’s phone number to confirm you’re sending the money to the right person.
If you link a bank account, Venmo will automatically take out the money from your account when you pay someone. You can link a credit card, but Venmo will charge a 3 percent fee. You can update your payment method before sending money, but you can’t make an adjustment after a transaction has been sent. Once Venmo confirms your identity, you can send up to $60,000 per week. On occasion, Venmo runs a referral program where you can earn a bonus when people you know use your referral link to sign up for a Venmo account.
What to watch: Like Zelle, you can’t cancel money sent via Venmo. So make sure you’re sending money to the correct person and that it’s for the right amount.
Standout features
Best for: People who want a simple P2P app
Pros
Cons
Cash App is another trendy standalone app used to send money to people you know. The app was a popular option for consumers in the U.S. and the U.K., but the company closed down Cash App UK on Sept. 15, 2024.
Like Venmo and Zelle, you can send money to people with an email address or phone number. You can also send money to someone using a $Cashtag, a unique identifier. Also, the sender and recipient of a payment both must download the app to use it.
If you have an unverified account, you can send and receive up to $1,000 over a 30-day rolling period and a total of $1,500. Once your identity is confirmed, you can send additional funds. You can send money to other people without paying a fee. However, if you use a credit card, you will be charged a 3 percent fee. Standard deposits take around one to three business days to arrive. And there is no fee charged for choosing this option. However, instant deposits incur a fee of 0.5 percent to 1.75 percent (with a minimum of $0.25).
What to watch: Like the other peer-to-peer apps, you can’t usually cancel the money you send. Pay attention to whom you are sending funds to and the amount.
Standout features
Best for: People who want to send larger amounts of money and those who want to make convenient international payments.
Pros
Cons
PayPal is a longstanding digital payment system that lets you send and receive money. It continues to get upgrades, including the ability to use emojis, just like you can on Venmo. It’s available on the web or as a mobile app.
PayPal is a global service, meaning that consumers can send money to various countries around the world for a conversion fee.
You can send money to people for free if you use a linked bank account or PayPal Cash Card, or balance. However, you will pay fees for other card payment methods: 2.9 percent plus 30 cents in the U.S.
If you have a verified PayPal account, you can send up to $60,000; however, PayPal may limit you to $10,000 per transaction, depending on the currency. Those without a PayPal account can send up to $4,000 in a transaction. PayPal offers international transactions through its Xoom service, which allows you to send money to people in over 160 countries and markets. Unlike most apps, PayPal does offer a level of purchase protection for buyers and sellers in some instances.
What to watch: Pay attention to the fees you may incur when sending money to another country. Also, double-check who you are sending money to and for what amount, since transactions can’t be canceled.
Standout features
Best for: People with Apple devices who want to streamline their payment services through their device.
Pros
Cons
If you have an iPhone or Apple Watch, Apple Cash is another option for sending and receiving money to and from other Apple device users via a quick text.
To use the functionality, you must first set up Apple Cash in your Apple Wallet — a process that will require linking a debit card to fund the transfer. After that, press the Apple Pay icon in the Messages app on your device to send money via a text to one of your contacts. The transferred funds will appear in the recipient’s wallet.
There are free ways to send and receive money, but Apple charges a 1.5 percent fee for instant transfers. The minimum fee for instant transfers is 25 cents, with a maximum fee of $15. If the recipient doesn’t accept the payment, you can cancel it. You can ask Siri to pay a contact. The minimum you can send per message is $1, and the maximum is $10,000. A maximum of $20,000 can be sent or received within seven days.
What to watch: Unlike some other options, you must accept the money for it to be deposited into your account.
Standout features
Best for: People who have Samsung devices.
Pros
Cons
Samsung Pay is another digital wallet that allows you to send money to someone else, but the recipient must have a Samsung Pay Cash Account, making it less universal than some other peer-to-peer payment options.
A Samsung Pay Cash account labeled as “lite” is an unregistered account. Your account will have more limited transaction options until you upgrade to a full account. With a lite account, you can receive a payment only once a month and send payments of up to $500, no more than 15 times within the same time frame.
You can send money to friends and family from your phone with Samsung Pay Cash. You can fund your account using a debit or credit card, transferring money from your bank account, setting up direct deposit, or receiving money from another person. Samsung Pay Cash is available on the Google Play Store. The recipient must accept the payment to complete the transaction. If it isn’t accepted within five days, the payment will expire.
What to watch: Ensure the person you are sending money to has a Samsung Pay Cash account (or wants to create one).
Standout features
Best for: Fast international money transfers.
Pros
Cons
Xoom, a PayPal service, allows users to send money to over 160 countries with various delivery options. You can fund transfers using a bank account, debit card, or credit card and recipients can receive funds via direct deposit, cash pickup, or even mobile wallets in supported countries.
Xoom is best for international transfers, especially when speed and delivery flexibility are important. Sending limits vary depending on where you live, delivery method and payment partner limits.
What to watch: Xoom’s fees and exchange rates can vary significantly depending on the destination and payment method. Review the total costs before sending money internationally. Xoom features upfront pricing and a fee calculator to help you determine fees beforehand.
Standout features
Peer-to-peer money transfer services are convenient, but it’s important to know what you’re signing up for before sending funds.
Mobile apps can be a great way to send money quickly to others. Ensure you understand whether there are any fees for sending money and how quickly the recipient will receive it.
Most P2P payment services require that both the sender and recipient have the app for the payment to go through. This might factor into your decision when shopping around for the right payment app if your friends or family tend to use a particular one.
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy.
Table of contents
What to consider when exchanging currency
9 best ways to invest $1,000
7 ways to give money as a gift
6 ways to deposit cash into someone else’s account
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access
BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access
© 2025 Bankrate, LLC. A Red Ventures company. All Rights Reserved.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Get guidance
Compare accounts
Get guidance
Money market accounts
Money market accounts are similar to savings accounts, but offer some checking features as well.
Get guidance
Banking
Unlock financial rewards by signing up for a savings or checking account with a bonus offer.
Get guidance
Compare rates
Get guidance
Compare rates
Get guidance
Buying & selling
Find an expert who knows the market. Compare trusted real estate agents all in one place.
Get guidance
Compare investments
Get guidance
Compare plans
Get guidance
Finding an advisor
Get guidance
Compare cards
Find my matches
See your card matches
Answer a few quick questions and we’ll show you your top credit card options.
Compare cards
See what the experts say
Read in-depth credit card reviews to find out which cards have the best perks and more.
Get guidance
Get advice
Build credit
Compare lenders
Get guidance
Compare lenders
Get guidance
Compare lenders
Get guidance
Compare lenders
Get guidance
HELOC
A HELOC is a variable-rate line of credit that lets you borrow funds for a set period and repay them later.
Home equity basics
Home equity loans
Home equity loans let you borrow a lump sum at a fixed rate, based on how much of the home you own outright.
Get guidance
Compare rates
Popular states
Compare rates
Popular states
Compare rates
Get guidance
Calculators
Get guidance
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
At Bankrate, we take the accuracy of our content seriously.
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced.
Their reviews hold us accountable for publishing high-quality and trustworthy content.
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy.
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Here is a list of our banking partners.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Table of contents
Table of contents
Sending money to someone else has never been easier, thanks to peer-to-peer (P2P) payments. With just a few taps on your smartphone, you can send or receive money instantly. These tools are especially helpful for everything from splitting bills to paying rent or sending financial help to family. But while convenient, not all apps are created equal. Understanding the differences can help you choose the one that’s right for you.
Here are seven of the best ways you can send money to others from nearly anywhere.
Best for: People with compatible bank accounts who want fast, free transfers through their bank app.
Pros
Cons
Zelle allows users to send money directly between bank accounts. As of April 1, 2025, the standalone Zelle app will no longer be available. To continue using the service, users must enroll through one of the more than 2,200 banks or credit unions that offer Zelle through their mobile app or online banking platform. For those whose financial institutions support Zelle, transfers are quick and typically fee-free, making it one of the fastest ways to send money within the United States.
To send money to someone, provide Zelle with their email address or phone number. The maximum amount you can send per week varies depending on the financial institution. Typically, Zelle payments are received in minutes when both parties are enrolled, even on bank holidays or weekends. Though there might be delays of a day or two if new enrollment is a factor, according to Zelle.
What to watch for: Confirm that you are sending money to the right person. If you accidentally send money to the wrong person, there’s no guarantee that you will get your money back.
Standout features
Best for: Paying back friends with a social component.
Pros
Cons
Venmo is a popular peer-to-peer (P2P) payments app, and for good reason. The PayPal-owned app makes it easy to send and receive money with a social twist. Transactions between people are shared with their friends, though users can choose to make their transactions and payment history private, either by default or for individual payments.
You’ll need the Venmo app on your phone to send or receive money through the service. You can easily link your bank account to send money to people for free.
You only need someone’s Venmo username, phone number, or email to pay them, but Venmo may also ask for the last four digits of the recipient’s phone number to confirm you’re sending the money to the right person.
If you link a bank account, Venmo will automatically take out the money from your account when you pay someone. You can link a credit card, but Venmo will charge a 3 percent fee. You can update your payment method before sending money, but you can’t make an adjustment after a transaction has been sent. Once Venmo confirms your identity, you can send up to $60,000 per week. On occasion, Venmo runs a referral program where you can earn a bonus when people you know use your referral link to sign up for a Venmo account.
What to watch: Like Zelle, you can’t cancel money sent via Venmo. So make sure you’re sending money to the correct person and that it’s for the right amount.
Standout features
Best for: People who want a simple P2P app
Pros
Cons
Cash App is another trendy standalone app used to send money to people you know. The app was a popular option for consumers in the U.S. and the U.K., but the company closed down Cash App UK on Sept. 15, 2024.
Like Venmo and Zelle, you can send money to people with an email address or phone number. You can also send money to someone using a $Cashtag, a unique identifier. Also, the sender and recipient of a payment both must download the app to use it.
If you have an unverified account, you can send and receive up to $1,000 over a 30-day rolling period and a total of $1,500. Once your identity is confirmed, you can send additional funds. You can send money to other people without paying a fee. However, if you use a credit card, you will be charged a 3 percent fee. Standard deposits take around one to three business days to arrive. And there is no fee charged for choosing this option. However, instant deposits incur a fee of 0.5 percent to 1.75 percent (with a minimum of $0.25).
What to watch: Like the other peer-to-peer apps, you can’t usually cancel the money you send. Pay attention to whom you are sending funds to and the amount.
Standout features
Best for: People who want to send larger amounts of money and those who want to make convenient international payments.
Pros
Cons
PayPal is a longstanding digital payment system that lets you send and receive money. It continues to get upgrades, including the ability to use emojis, just like you can on Venmo. It’s available on the web or as a mobile app.
PayPal is a global service, meaning that consumers can send money to various countries around the world for a conversion fee.
You can send money to people for free if you use a linked bank account or PayPal Cash Card, or balance. However, you will pay fees for other card payment methods: 2.9 percent plus 30 cents in the U.S.
If you have a verified PayPal account, you can send up to $60,000; however, PayPal may limit you to $10,000 per transaction, depending on the currency. Those without a PayPal account can send up to $4,000 in a transaction. PayPal offers international transactions through its Xoom service, which allows you to send money to people in over 160 countries and markets. Unlike most apps, PayPal does offer a level of purchase protection for buyers and sellers in some instances.
What to watch: Pay attention to the fees you may incur when sending money to another country. Also, double-check who you are sending money to and for what amount, since transactions can’t be canceled.
Standout features
Best for: People with Apple devices who want to streamline their payment services through their device.
Pros
Cons
If you have an iPhone or Apple Watch, Apple Cash is another option for sending and receiving money to and from other Apple device users via a quick text.
To use the functionality, you must first set up Apple Cash in your Apple Wallet — a process that will require linking a debit card to fund the transfer. After that, press the Apple Pay icon in the Messages app on your device to send money via a text to one of your contacts. The transferred funds will appear in the recipient’s wallet.
There are free ways to send and receive money, but Apple charges a 1.5 percent fee for instant transfers. The minimum fee for instant transfers is 25 cents, with a maximum fee of $15. If the recipient doesn’t accept the payment, you can cancel it. You can ask Siri to pay a contact. The minimum you can send per message is $1, and the maximum is $10,000. A maximum of $20,000 can be sent or received within seven days.
What to watch: Unlike some other options, you must accept the money for it to be deposited into your account.
Standout features
Best for: People who have Samsung devices.
Pros
Cons
Samsung Pay is another digital wallet that allows you to send money to someone else, but the recipient must have a Samsung Pay Cash Account, making it less universal than some other peer-to-peer payment options.
A Samsung Pay Cash account labeled as “lite” is an unregistered account. Your account will have more limited transaction options until you upgrade to a full account. With a lite account, you can receive a payment only once a month and send payments of up to $500, no more than 15 times within the same time frame.
You can send money to friends and family from your phone with Samsung Pay Cash. You can fund your account using a debit or credit card, transferring money from your bank account, setting up direct deposit, or receiving money from another person. Samsung Pay Cash is available on the Google Play Store. The recipient must accept the payment to complete the transaction. If it isn’t accepted within five days, the payment will expire.
What to watch: Ensure the person you are sending money to has a Samsung Pay Cash account (or wants to create one).
Standout features
Best for: Fast international money transfers.
Pros
Cons
Xoom, a PayPal service, allows users to send money to over 160 countries with various delivery options. You can fund transfers using a bank account, debit card, or credit card and recipients can receive funds via direct deposit, cash pickup, or even mobile wallets in supported countries.
Xoom is best for international transfers, especially when speed and delivery flexibility are important. Sending limits vary depending on where you live, delivery method and payment partner limits.
What to watch: Xoom’s fees and exchange rates can vary significantly depending on the destination and payment method. Review the total costs before sending money internationally. Xoom features upfront pricing and a fee calculator to help you determine fees beforehand.
Standout features
Peer-to-peer money transfer services are convenient, but it’s important to know what you’re signing up for before sending funds.
Mobile apps can be a great way to send money quickly to others. Ensure you understand whether there are any fees for sending money and how quickly the recipient will receive it.
Most P2P payment services require that both the sender and recipient have the app for the payment to go through. This might factor into your decision when shopping around for the right payment app if your friends or family tend to use a particular one.
Bankrate is always editorially independent. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . Our is to ensure everything we publish is objective, accurate and trustworthy.
Table of contents
What to consider when exchanging currency
9 best ways to invest $1,000
7 ways to give money as a gift
6 ways to deposit cash into someone else’s account
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access
BR Tech Services, Inc. NMLS ID #1743443 | NMLS Consumer Access
© 2025 Bankrate, LLC. A Red Ventures company. All Rights Reserved.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!


