Top 5 Cheapest Money Transfer Apps

Hey there! Most of our post may contains affiliate links. Read our full disclaimer for more info. Please Contact email: to Advertise with us.

So you live abroad and want to send them some money, but it’s expensive and takes too long. Don’t worry. We’ve got your problem covered. To help you find the best app for your needs, we’ve found some of the easiest and cheapest remittance apps to help you save extra stuff. Several money transfer apps are available today, each with features and fees depending on where you’re sending money.
Here are the 5 cheapest money transfer apps that are currently available.

Check out the best money transfer apps bonus here.

The 5 Cheapest Money Transfer Apps

Remitly – Get $15 Sign up bonus

Cheapest money transfer app Remitly

Remitly is our top choice because it has a well-designed smartphone app and offers international money transfers faster, easier, more transparent, and more affordable.

Remitly commands a network of locations in more than 90 countries. Remitly money transfers sent by a Remitly app to bank accounts in various countries take an hour or one working day. Where Remitly’s main competitor, Instarem, takes several business days to transfer to bank accounts.

When you send money with Remitly, there are no hidden fees or extra charges—you pay one low fee for every transaction!

Remitly offers a $15 exclusive bonus for new users who join Remitly with special referral links

Instant transferDifficult customer service
Easy to use and well-designed appLimit on large transfers
Fast and secureExpress transfer fees high

Venmo – Get $10 sign up bonus

Venmo money transfer app

Venmo is a mobile payment service owned by PayPal. Venmo is a digital wallet that lets users spend, send, or transfer Venmo money to their bank account. It allows people to send money through their mobile app or web using a connected device.

Get a $10 Venmo sign up bonus when you create an account via this referral link and send a minimum of $5 to anyone using the Venmo App.

Venmo provides strong encryption to keep your information secure and safe. Also, it has an extra layer of security features to add multi-factor authentication to your Venmo account.

Venmo offers to send or receive money for free through the peer-to-peer payment app, but if you send money via credit card, it takes up to a 1.75% charge.

Also, Venmo provides instant cash-out transfers to your bank account and you have to pay a minimum 1.75% fee of $0.25 minimum and $25 maximum.

One of the best features provided by Venmo is requesting money back. If you accidentally send money to the wrong person, you can request the return money you sent by mistake. If anything goes wrong, you can contact the Venmo support team.

Read the full Venmo Credit Card Review.

Instant money transfer1.75% fee on debit card transfer
Safe and secureNo international transactions
Free, easy, socially engaging money transfers.Scammers can easily take advantage
No fees to send or receive money.

PayPal – Get $10 Sign up bonus


PayPal is one of the most successful money transfer platforms. It offers smooth and stable payments from your phone or via the website for sending money and purchasing items online – but it also offers international fund transfers, requests money, or even collects money online from worldwide.

PayPal offers $10 sign-up bonus for new users who sign up via our referral link. We both received a PayPal voucher of $10.

PayPal offers free transfers in the U.S. whether you fund with your bank account or use PayPal balance. You can send up to $60,000, but PayPal may limit the transaction to $10,000 in a sing transaction. The limit depends on which countries you send or which currency you use.

Sending money internationally via a PayPal balance, linked bank account, or credit or debit card is subject to a charge of 5% of the minimum fee and $4.99 as the maximum.

Easy to useFees can be confusing and unclear
Higher transfer limitsExpensive for the international transfer
Fast and secureCustomer support needs improvements
Pay with your preferred card

Instarem – Get First money transfer free


If you’re looking for an easy way to send money abroad, the Instarem money transfer service allows you to send and receive money to your loved ones in any country. With few fees and no chargebacks, it’s a convenient way to send cash to family members or friends worldwide.

Instarem promotion allows you to earn a $22 Instarem sign up bonus when you use Instarem Promo Code HELPINGDESI to register your free account. Not only this, you earn 400 instapoints as well.

Like Wise, Instarem provides transparent pricing on all of its transfers. Also, you can see real mid-market exchange rates and an upfront transfer fee on every transaction you make via Instarem. The fees vary depending on the country but are typically between .25% and 1%. And most transactions take the same day or 2 business days to complete. Instarem only allows for electric fund transfers or wire transfers to the recipient’s bank account. They do not offer a cash pickup option.

Instarem does not specify a transaction limit on how much you can send, depending on the countries and currencies you’re sending between. Usually, these limits are very generous and will meet the needs of most users.

Unlike many other money transfer services, Instarem often does not charge fixed fees for its service. Fees depend on your location, your sending destination and your transfer method.

Easy interface to useCustomer service is poor
Zero-margin exchange ratesNo cash payout option
Transparent fee structureService currently mainly serves specific countries
Fast and secure transfer

MoneyGram –  1st transfer for zero fees.


MoneyGram is the most recognizable money transfer service in the world. The service provides online and offline money transfers and it has a wide network of agent locations and more than 380,000 individual locations in more than 200 countries and territories.

MoneyGram charges a flat rate for the transfer of money based on the speed of the transaction, the location you’re sending and the total amount of money being sent. Money gram charges an exchange rate on overseas or international transfers.

If you’re choosing the direct bank transfer option, it will be cheaper than using a credit card, but it is one of the most expensive options.

Quick delivery or a large networkExpensive transfer fees
Easy interfaceExchange rates will be poor
Send money to more than 200 countries worldwideCosts more than many competitors
You can track your transfer on MoneyGram website.There is no phone number or online chat support available


If you’re looking for a fast, easy, and cheapest way to send money to friends and family abroad, look no further than remittance apps. They offer a secure way of sending money internationally while also saving both time and money on fees compared to traditional banks or money transfer services.

Jaya Mishra

Jaya Mishra is an IT Professional with nearly 13 years of experience and Currently likes to cover topics related to Finance, technology, entrepreneurship, Streaming Guides, and more. He will also help you maximize your income to savings with 10x growth. Reach for inquiries at

Leave a Comment