Download
1 / 9
90 likes | 102 Views
The advent of modern networking and the internet has led to enhanced banking functions across the globe through e-wallets and online banking applications. One can transfer money a lot easier than could be sent a few years ago. Whether it is splitting a check at a hotel or transferring funds across continents, moving money across accounts electronically has become really simple.
E N D
The advent of modern networking and the internet has led to enhanced banking functions across the globe through e-wallets and online banking applications. One can transfer money a lot easier than could be sent a few years ago. Whether it is splitting a check at a hotel or transferring funds across continents, moving money across accounts electronically has become really simple. The apps given below enable a user to transfer money with just a phone number or an email address:
Square Cash This is a speedy and adaptable application available for Android and iOS allowing users to send money to their contacts in a matter of minutes. Pre-requisites for using this are a smartphone, an email address and a debit card. The transfers made with this app are free for individual users, but business users are charged a fee of 1.5%. Even though this application is meant for use only in the USA, it has earned a mention here for the utter ease of use it offers. One can send money using bank account easily using this app.
Venmo This is the first company that started the trend of sending money from a user’s mobile phone into any target account. The app which is really popular with the users across the board is available both on Android and iOS. Like the app mentioned above, all a user needs will be the email address and phone number to make transfers. While most transactions are free, non-major debit cards are levied with a 3% fee. This app is owned by PayPal and it meant for the US only and is meant for a young demographic. For International bank transfers, Google Wallet and PayPal are better known.
Google Wallet This is an amazing app that only requires a Gmail account and a valid debit or credit card or bank account itself. Available on Android and iOS, this has been a runaway success with users all across the world. Google wallet is highly versatile tool for users on the go as they can use the app almost as a physical card and swipe it in physical stores using the NFC feature in a phone. The money transfers done here are completely free and almost instantaneous.
PayPal PayPal has been synonymous with International Bank Transfers ever since its inception leading to a great deal of popularity for the money transfer. While it has received some criticism in the past regarding it’s handling of user accounts when it is most needed, it is still a robust and established application. This app lets users transfer money with just a few clicks on the desktop or the mobile app and is available both on Android and iOS. PayPal’s transfers are pretty reliable but they do charge a considerable amount for currency conversion for international transfers. The only con to this app is the duration it takes to transfer the money from the PayPal account to the bank.
Chase Quick Pay This is a bank specific app, although one does not need an account at Chase bank to use Chase Quick pay. This app has been praised by users as being fast and easy to use. But once again this has been noted for its efficiency even though it is US specific. Customers can easily send money using bank account without problems.
To summarize, all the apps listed above are used frequently by users to send money using bank account. And if the user takes adequate care, then they will be able to carry out International Bank Transfers without any hassles, saving themselves a large amount of both time and money.
