How To Send Money To The Dart Cherry Trust

Leap to our picks for the best ways to ship coin:

• Best for mobile: Venmo

• All-time for referral bonus: Cash App

• Fastest for domestic transfers: Zelle  || Google Pay

• Most popular online: PayPal

• Best for nonbank transfers: Walmart2Walmart

• All-time for sending $ten,000 or more within the U.S.: Banking company wire transfer

• Cheapest for international transfers: OFX

• Fastest for international transfers: Xoom || MoneyGram

• All-time transfer options: Western Union

• Best for easy sign-upward: Wise

When yous send coin online, the best way depends on how and where you want to transport it.

We compared fees, speed and other features to notice the best providers for domestic and international money transfers.

Why you can trust NerdWallet: Our writers and editors follow strict editorial guidelines to brand sure our coverage is fair and accurate, so you can choose the options that work all-time for you lot.

+ See a summary of our picks

How to send coin online, on mobile or in person

• Venmo: Best rated for mobile.

• Greenbacks app: Best for referral bonus.

• Zelle: Fastest for domestic transfers (tie with Google Pay).

• Google Pay: Fastest for domestic transfers (tie with Zelle).

• PayPal: Most popular online.

• Walmart2Walmart: Best for nonbank transfers.

• Banking concern wire transfer: All-time for sending $10,000 or more within the U.S.

• OFX: Cheapest for international transfers.

• Xoom: Fastest for international transfers (necktie with MoneyGram).

• MoneyGram: Fastest for international transfers (tie with Xoom).

• Western Spousal relationship: Best transfer options.

• Wise: Best for easy sign-up.

Best ways to send money: Domestic

Read review	Venmo: Best rated for mobile.
Read review	Cash app: Best for referral bonus.
Read review	Zelle: Fastest (tie).
	Google Pay: Fastest (tie).
Read review	PayPal: Most popular online.
	Walmart2Walmart: All-time for nonbank transfers.
Bank wire transfer: Best for sending $10,000 or more than

Best means to send money: International

Venmo: Best rated for mobile

Why it's our choice:

• Highly rated app for iOS and Android phones.

• Free, easy, socially engaging coin transfers.

Venmo'due south app ratings — in combination — are the highest of the domestic providers we considered: four.three stars in the Google Play store and 4.9 in Apple tree'southward App Shop.

It's gratuitous to send and receive money when you link a depository financial institution account, debit card or prepaid debit bill of fare. Using a credit menu costs 3% of the transaction. With a few taps on Venmo, you can transport upwardly to $4,999.99 per week for peer-to-peer transactions.

Your and your friends' transactions volition pop up — without amounts — on a Facebook-like news feed.

Money yous receive shows upwards instantly in your Venmo balance, but cashing out to a bank account takes ane to three business days . You tin can also transfer funds to a debit card, typically within thirty minutes, for a 1.5% fee. (For more than details, read our Venmo review .)

Greenbacks App: Best for referral bonus

Why it's our pick:

• $5 bonus when someone uses your referral lawmaking to sign up and send money.

• No fees to send or receive coin.

Cash App lets you transport and receive money for free with cash from your linked bank account or debit card. You can create your own $Cashtag, or username, in the app, to make it easier for people to find you and transport you payments. Unlike the other P2P apps and ways to send money on this listing, Greenbacks App offers a $5 bonus when someone signs upwards with your referral link and sends at least $5 from their new account.

You'll need to have a bank business relationship to utilize the Cash App. Money yous receive will show upward instantly in your app residue, but it will have ane-3 days for the money to show up in your depository financial institution account if you lot choose to transfer. You can cash out instantly to your debit card but you'll pay a 1.5% fee.

You're express to sending and receiving a maximum of $ane,000 per 30 days. If you desire to increase your limit, you'll need to provide more personal information such as your total name, date of birth, and concluding 4 digits of your Social Security number. If you transport money using a credit card, you'll be charged a 3% fee. (For more than data, see our Cash App review .)

Zelle: Fastest (tie with Google Pay)

Why it'southward our selection:

• Delivery tends to be inside minutes.

• Already integrated with over 1,000 financial institutions, connecting more than than 100 million people.

With Zelle, you tin send and deliver coin within minutes between bank accounts at unlike financial institutions. You might already be using Zelle'due south service through your bank'south website or mobile app. Over 1,000 banks and credit unions are on board, which means that their 100 million-some customers tin can utilise Zelle within their bank'south website or mobile app. If your bank isn't part of the network, Zelle is too available as a standalone app.

You'll demand a U.South. bank business relationship to fund and receive payments . Zelle doesn't accuse whatever fees, though any of its partner banks tin make up one's mind to. Although limits vary past bank, some of the largest banks set a daily transfer maximum of $2,000 or $2,500.

Zelle is not made for buying or selling things, and you're not protected for those transfers. In improver, if yous send money to the wrong person or transfer the wrong corporeality, you might be out of luck. Protections are limited to when someone steals your Zelle business relationship or password and uses it to send money.

Google Pay: Fastest (necktie with Zelle)

Why information technology'south our pick:

• Smooth integration of money transfer service in email.

• Instant transfer of funds to debit cards for free.

+ Google Pay in a nutshell

Google Pay lets you lot transfer coin for free using a QR code, the recipient's name, telephone number or electronic mail address. Y'all can too cash out for costless within minutes from the in-app wallet to a debit card. The maximum y'all tin can send is $5,000 every seven days. Depository financial institution accounts and debit cards can fund transfers, but credit cards and prepaid cards cannot.

Google Pay covers 100% of all verified unauthorized transactions , which isn't a given for all money transfer apps and services.

PayPal: Most popular online

Why it's our pick:

• High transfer maximum.

• More 400 meg agile accounts worldwide.

PayPal offers free transfers in the U.S. when you fund with a bank account or PayPal balance. Paying with a credit card — and dissimilar other providers, a debit carte du jour — carries a fee: 2.9% of the sending amount plus 30 cents. Depository financial institution business relationship transfers are gratis.

Depending on your currency, the maximum amount y'all can send per transfer ranges from $10,000 to $60,000, surpassing Venmo's weekly maximum. But if you're sending that much money, doing and then through a bank provides more than safeguards for your remainder, such every bit FDIC insurance.

Transferring coin to bank accounts for free takes 1-4 business days, depending on if the transfer was initiated after 7 p.thousand. ET or on a weekend. You can likewise pay for an instant transfer to a linked debit card. You tin send or receive money on the website or mobile app on iOS and Android phones, or at PayPal.Me, where y'all create your own link that family and friends can apply to pay you lot. (Read our PayPal review .)

Walmart2Walmart: Best for nonbank transfers

Why it's our pick:

• Cheaper cash transfers than some traditional money transfer companies.

+ Walmart2Walmart in a nutshell

If yous want to transfer greenbacks, Walmart is cheaper than traditional coin transfer companies, such as Western Matrimony and Xoom. You lot can send money to any of the thousands of U.South. Walmart stores, where a recipient tin can pick up the money within minutes.

In near states, the maximum you can transport in a day is $2,999.99, and prices start at $four. (For more about Walmart financial services, read our Walmart Money Center review .)

Banking company wire transfer: B est for sending $ten,000 or more within the U.S.

+ Banking company wire transfers in a nutshell

Sending a wire transfer through your bank might be the best way to transport a big amount quickly. As convenient equally P2P apps are, they limit how much you can send, mostly $1,000 to $10,000 per transfer, and commitment can accept multiple days.

There'south a steep fee for transfers. Based on an assay of large banks, the median domestic wire price for sending is $25, and $15 for receiving (see what most banks charge ). If you need to send a lot of money within minutes, though, the cost could exist worth information technology.

International transfers

When you make a transfer away, you more often than not encounter two costs: the fee for sending coin (also known as the outbound or upfront fee) and the foreign exchange fees, or the markup on the substitution rate that fiscal institutions use when transferring coin among themselves. Consider both fees to find the best deal.

OFX: Cheapest

Why information technology'southward our pick:

• No outbound fees.

OFX doesn't accuse fees, regardless of the corporeality you ship. In add-on, its online service lets you make a transfer at electric current exchange rates or target hereafter rates — meaning your coin will transfer once your exchange charge per unit is reached — and markups are low. From the U.S., you can transport money in over 55 currencies.

OFX has a minimum amount per transfer of $1,000 and no maximum. Delivery typically takes several business days. (Read our OFX review for more details.)

Xoom: Fastest (tie with MoneyGram)

Why it's our choice:

• Transfers to bank accounts away within minutes for some countries.

Xoom— a PayPal service — specializes in fast transfers to over 160 countries. You tin transport up to $100,000, though the college the amount y'all desire to ship, the longer you lot may take to look and the more personal data you'll have to provide (such as a passport or Social Security number and a depository financial institution statement or pay stub). You can send money by banking concern account, debit card, credit card or the payment methods stored in your PayPal account, and most transfers arrive within minutes. Xoom partners with major banks away, assuasive users to take money delivered to bank accounts or, in some countries, for cash pickup or equally mobile phone reloads.

Cost is where Xoom lags behind competitors. Xoom makes money from commutation rates, merely information technology gives better rates for sending higher amounts to certain countries. Transfers from ane bank account to another are simply sometimes free. Overall, fees tin can be college if you utilise a debit or credit carte du jour. (For more than information, see our Xoom review .)

MoneyGram: Fastest (tie with Xoom)

Why it'due south our choice:

• Fast transfers to depository financial institution accounts or equally cash for pickup worldwide.

+ MoneyGram in a nutshell

MoneyGram commands a network of locations in more than than 200 countries and territories. Transfers between locations take minutes for delivery as greenbacks pickup, which is similar to MoneyGram's main competitor, Western Spousal relationship. Transfers sent online or by mobile phone to bank accounts in various countries take hours or a single business organization twenty-four hours; other providers can take several business organisation days to transfer to bank accounts.

You'll have to pay fees. Average fees for sending $200 to $one,000 range from about $five to $12 in the countries we surveyed. MoneyGram also marks up the exchange rates up to 0.threescore%. For the countries nosotros researched, the maximum amount you can send is near $x,000. (Run into our MoneyGram review .)

Western Matrimony: Best transfer options

Why it's our pick:

• Extensive worldwide network of locations.

• Many ways to send and deliver money.

+ Western Union in a nutshell

The biggest coin transfer company worldwide, Western Union also has a sizable range of transfer options . On the provider's price computer tool online, you'll meet more a dozen combinations of sending channels, payment methods and delivery options. You lot can transport coin from the Western Union website or its mobile app, and y'all can use a bank account, debit card or credit carte — or ship from a nearby amanuensis location using cash.

The transfer giant'south physical network covers over 200 countries and territories and more than half a 1000000 locations globally.

Transfers are expensive — one of the most expensive of the providers we looked at — and simply some options include aforementioned-24-hour interval or next-day commitment. Some online transfer options tin can take several business organization days for commitment. (Read our Western Spousal relationship review .)

Wise: Best for easy sign-up

Why it'southward our option:

• No strange substitution rate markups.

• Consumer-friendly spider web experience from sign-upwards to delivery.

Wise (formerly TransferWise) balances convenience and costs on its online and mobile coin transfer platform. You lot can sign upwardly with your Apple, Google or Facebook account, instead of a site-specific login, and your commutation rate is mostly guaranteed for at to the lowest degree a day. Wise sends coin from the U.Southward. to over fourscore countries without an exchange rate markup — they do charge you an exchange rate fee, which pays for making the exchange happen, but there'due south no markup and they don't make money off this fee.

In about cases, you'll pay 2 fees: a flat dollar amount (the upfront fee), which increases with the corporeality you send, and the exchange fee, which is often less than 1% of the corporeality you send. From the U.S., commitment mostly takes several business days. (Read our Wise review ).

METHODOLOGY FOR DOMESTIC TRANSFERS

To determine the best domestic transfer services, we examined the following features for 12 providers: fees, delivery speed of greenbacks or money to recipient'south depository financial institution account, user accomplish (where transaction data were available), sending amount limit and security measures. Priority went to those providers that offer no-toll transfers, have established histories and maintain high security standards. Nosotros excluded single-depository financial institution P2P services since they usually limit users to a given bank.

Notation: All transfer amount limits given assume users accept verified their identity as each app requires. There are also initial amount limits when first using the app.

Providers surveyed: Apple Pay , Greenbacks App , Facebook Pay, Google Pay, MoneyGram , PayPal , PopMoney, Ria , Venmo , Walmart2Walmart , Western Union and Zelle .

METHODOLOGY FOR INTERNATIONAL TRANSFERS

Nosotros analyzed 7 providers that work in the U.S., mostly focusing on major players in the international money transfer industry, based on market place research, experts, cost assay and U.S. net traffic.

Countries surveyed: Frg, Republic of india, Mexico and the United kingdom of great britain and northern ireland.

Fees and exchange rate markups mentioned are based on the analysis linked beneath.

Source: https://www.nerdwallet.com/article/banking/best-ways-to-send-money

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