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Best Apps to Send Money for Free on iOS & Android in 2018

Jan 4, 2018

Sending money to someone in a timely fashion is a huge convenience that we definitely take for granted. No more than a few years ago, if you wanted to send money either to a friend or for business and they did not live in your immediate area, you had to probably send a check and wait for them to receive it. Then the recipient would have to take the check to the bank, just to have it deposited into their account. On top of that, checks did not always clear instantly. Now a days, sending money to someone with no fee is completely easy and painless, and the process can take a total of ten seconds if you use the right services. There are several apps available for anyone to use that will allow you to send money to whoever you want, in a flash.

This is going to be a list of the top apps in which you can send money in a quick and painless fashion. The most important feature about all of these apps are that they are completely free to use. You will not need to pay any fee while using their services, and sending money will not cost you any additional fee. Another factor I considered in this list was how many people actually use these apps. It would not make much sense to recommend apps that nobody has heard of. Perhaps most importantly of all, all of these apps are completely safe, and are backed by some agency that guarantees your money will arrive to the destination that you send it to. So without further ado, here are what I consider to be the top apps to send money for free.

  1. Dwolla

Dwolla is an app that anyone can use to send money to an individual after linking your bank account with the app. Dwolla also has integration with Mass Pay, which is a system that allows you to send multiple payments out at once, as well as set any recurring payments, which means the person will be sent or billed money on a monthly basis. Dwolla also offers people the option to upgrade to their business account, which allows them to get next day transfers, no limits on transactions, and top tier customer support. Dwolla does not charge any fee in order to send money. This is a recent change to Dwolla that made it much more attractive to a wider audience, and for that reason, takes the number five spot on the list.

Dwolla is definitely aimed more towards the business person, as they offer a lot of features that someone running a small business might look for, but if you are just a casual consumer, there is no reason not to use this as an option if it is presented to you. One of the downsides to this app, is that both parties will need to sign up for Dwolla, and odds are, being that it is one of the smaller apps on this list, one of the parties will not have it already.

  1. Square Cash

Square Cash is a widely used money sending app because it is as simple as sending an email. In fact, if you can send an email, you can send money with Square Cash. All you need in order to send money to someone is their email address, and your debit or credit card. The recipient does not need to have a Square Cash account in order to receive payment, which is a huge plus for convenience.

Square Cash takes the number four spot for being a completely free to use service, that again, does not charge any extra fee for the average consumer. If you are planning on using Square Cash for business, there is a small fee, but it is relatively low compared to others on this list. One thing to consider when using Square Cash, is that any who has access to your email, will also gain access to your debit card without actually knowing your card number, and so keep that in mind.

  1. Facebook Messenger

Since almost everyone now a days has Facebook, Facebook decided to get in on this sending money ability by adding this feature to their messenger system. With Facebook, all you will need to do is add your debit card information, and click the send money button on the messenger app. In order to receive payments, you will only need to add your debit card. This service is one hundred percent free, however, it can take a few days for each transaction to process.

Facebook takes the number three spot because of the overwhelming amount of people that use Facebook, so having to worry about coordinating through an app is almost nonexistent. If you are looking for a service that you can use between friends or family members, this is perhaps one of the best options out there for you.

  1. Venmo

Without a doubt one of the fastest growing money sending apps among the youth is Venmo. Venmo is like every other money sending app on this list, as you can send money in an instant with no worry about being charged an additional fee. Venmo also incorporated a social media style onto their design, by posting every transaction to your ‘wall’. Venmo is linked through Facebook, so you can see what your friends are sending money on, and comment on their transactions, much like you can Facebook posts. Do not worry though, you can completely remain anonymous if you wish, this is just sort of a gimmick that made the app somewhat popular.

Venmo is super popular amongst the college student community for sending money for utilities, and other things like this. It features a social media style platform where you can see other people’s transactions and comment on them. Venmo works in a flash, and you can use your Venmo balance to either pay other people, or transfer directly to your bank account.

  1. Paypal

Paypal is without a doubt one of the most popular apps on this list, simply because you can send money in an instant, to almost anywhere in the world. Paypal does not charge any fees when you are sending money to friends and family, and many businesses use Paypal because of the low charges that companies face for transactions. With Paypal, you can quickly connect your bank account and begin sending money in an instant. You do not need to link your bank account in order to receive money, you only need to link your account if you wish to withdraw your balance.

Paypal is used all around the world and is a super convenient way to send money to friends and family, even if they are overseas. I would definitely recommend this app to anyone who wants to send money in a flash, without having to worry about paying any ridiculous fees.