Transferring money over, either to family, employees or for a personal purchase is very important, and you never know when this is something you would need to make use of. Previously wire transfer was possible via Western Union and similar agencies, but presently we can have the ease and convenience of using the internet or a free money transfer app to transfer money. Let’s take a look at 4 free apps that allow you to transfer money using your mobile phone.
PayPal is a very well-known financial company for online banking. One benefit of having a PayPal account for both individual persons and businesses is that it allows transferring money for free from one bank account to another. Moreover, it’s also a secure method of transferring money. All you need to do in order to send money over using PayPal is to create an account using their app or website and to fill out the required information which is kept confidential. The good thing here is that there is no payment needed to create an account. So go on and create your free account now!
- Western Union
Western Union is a famed financial agency to allow you to transfer money internationally. Traditionally people would need to carry cash with them and find a Western Union location to transfer the money over to its respective destination. With the development of the app, you can now transfer money anywhere in the world at any time regardless of where you are. This app is also available in multiple languages so people all across the globe can reap its benefits without any down payment. This app also allows you to keep track of all your former transfers and spot Western Union locations near you.
- Google Wallet
Google is the largest search engine ever created. It has so much to offer its users like Gmail, Google Hangouts, Google Calendar, Google Maps, Google Docs, Google Sheets and now the Google Wallet. This company never lets customers down and is sure to satisfy you with the services they have to offer. With the Google Wallet app you can create a free account, but transfers can only exist within the USA. Once money is transferred to your Google Wallet, you can either transfer it to your bank account or spent it using your Google Wallet Card.
ClearXchange is another free app that we should all take advantage of. It allows you to receive and send money worldwide by using just your email address and phone number. This app was actually created by a group of several banks, including the Bank of America. In order for someone to send and receive money, both the recipient and the sender must have an account with one of the following banks: Bank of America, Capital One, Chase, FirstBank, U.S Bank or Wells Fargo. It will take about 24 hours for the money to be received by the recipient, and the transactions are very secure.