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Top 5 Money Transfer Apps for 2022

  • May 27, 2022
  • 5 min read
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Long gone are the days of sending a cheque. Transferring money in 2022 is easy peasy. Let’s look into the best money transfer apps for 2022.

Money transfer apps make it easy for people to send money domestically and overseas electronically.

They allow third-party companies to move money from one place to another, similar to a bank.

They are safe and fast – the best money transfer apps can deliver your funds within one business day.

Money transfer apps allow you to painlessly send money from one country to another using different currencies.

Transfer app companies make their money by either charging a transaction fee or through the spread.

The spread is the difference between the price you are charged for the transfer and the price it costs the company to conduct the transaction.

The 5 Best Money Transfer Apps

Let’s start comparing the best money transfer apps. To not overwhelm you, we have decided to look at the top 5 best apps for transferring money.

  1. Ria
  2. XE
  3. WorldRemit
  4. Venmo App
  5. Wise

All money transfer apps vary on their fee structure, so be sure to shop around, especially when sending large sums of money. has broken down the top 5 best apps to transfer money in the below comparison chart for you to find the right app to suit your needs.

RiaXEWorld RemitVenmoWise

Transfer Limit
Up to $2,999 USD per dayUnlimitedUp to $10,000$4,999 per weekDependent on destination. US users can transfer up to $20,000 using AHC and up to $1 million if funded by a bank wire transfer
International Transfer CapacityOver 150 countriesOver 80 countries150 countriesOnly available between US residentsOver 70 countries and counting
Mobile & Desktop AccessibilityBothBothBothMobile OnlyBoth
Fee StructureDependent on amount, destination, and originating locationNo transaction feesCharges vary depending on amount and destinationFree for debit cards, bank accounts, and prepaid cards. 3% on credit card transfersFixed-rate fees vary depending on the mid-market rate at the time of transaction
Delivery TimeWithin 15 minutes (if paid with credit/debit card)Same dayAs soon as same day but dependent on destinationSame daydependent on destination
Transfer MethodsBank deposit, credit card, debit card, cash pick upBank account to bank account transfersBank Transfer, Cash Pickup, Mobil Money, World Remit WalletUsers transfer money into their Venmo accounts to then make transfers fromBank transfer, debit card, credit card

Ria Money Transfer

Ria offers services in 150 countries, with over 300,000 locations worldwide. It’s one of the largest money transfer services in the world with over $4 billion sent last year alone.

Ria also partners with major banks like Chase or Bank of America so customers can pick up cash at any ATM near them for no extra charge.

XE is a good choice if you’re looking for safe, secure international transfers to more than 200 countries in over 130 currencies. They have excellent customer support and a very user friendly app. They are strongest for large transfers (over $7000 USD) where the exchange rates they offer are very reasonable.


Wise, formerly TransferWise, offers a cheap way to send money from the United States to more than 80 countries. They offer some of the best exchange rates on the market and you can fund a Wise money transfer with a bank account or credit card, but recipients need to have a bank account to receive funds.

WorldRemit and Venmo are also to great money transfer app alternatives. Venmo is essentially a peer-to-peer money transfer app that allows you to easily send money between individuals directly.

WorldRemit is a good option if you want to send money internationally to someone who doesn’t have a bank account – although it’s not so great if you want to send large transfers.


Using money transfer apps is a great way to eliminate the burden of sending money.

So, no need to worry about carrying an extra $20 in your pocket or running to the bank to withdraw money for the landlord, simply pull out your app and transfer the money easily.

Need an investment app? Find the best personal finance investment apps here.

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AuthorKimberley Smyth

Kimberley is the US Country Manager for She has gained years of experience in small business management and has two successful start-ups under her belt. She now focuses her energy on helping others achieve financial freedom through smart money management and investment opportunities.

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