Do you look for the fastest way of money transfer? Did you know that the transfer of funds through a bank can take up to five business days? There are many more options than just going through your bank.
Whether you’re sending money to a friend in need or paying down a bill, online and mobile banking can e-transfer your funds within minutes. Apps can also let you scan and send money within seconds.
We will show you the quickest ways to send money from anywhere in the world. We’ve collected and analyzed every single money-transfer method out there. Here are the nine fastest money transfer services.
1. PayPal
PayPal, one of the most popular online payment services in the world, is an easy-to-use service that allows you to send money directly from your PayPal account to anyone in the world. It is the easiest way money transfer and also one of the fastest. It is the finest online and mobile payment platform. You can also easily transfer funds from your PayPal balance if you send money from PayPal to your bank, which only takes a few clicks and a few business days to complete.
With PayPal, you can pay for goods and services using your bank account, debit card, credit card, or PayPal balance without any hassle.
2. Western Union
Western Union is one of the oldest trusted and authentic money transfer services and also one of the most reliable. It has served for more than a century.
The company offers services for sending money from anywhere in the world to anywhere else in the world. With Western Union, you can transfer money in seconds with extreme convenience.
Money transfers are completely safe, and it is also one of the fastest methods of sending money without any service fee.
3. Zelle
Zelle is a peer-to-peer (P2P) payment platform similar to Venmo that allows you to send money to anyone in the world with a mobile device.
The difference is that you don’t have to share your bank account or credit card information with anyone. It’s a great way to send money from one person to another without having to share any personal information.
Furthermore, Zelle is available on all major platforms, including iOS, Android, and Windows. You can use it for free, and you can transfer as much money as you want in a blink of an eye.
4. MoneyGram
MoneyGram is a leading global money transfer service that has been around since the 1980s. It lets you send money from one place to another in a few clicks. It operates in more than 200 countries and is the fastest way to send money from anywhere in the world.
You can use the MoneyGram app on your smartphone. This application will guide you through the process and give you a notification when your money has been transferred successfully.
5. WorldRemit
With WorldRemit, you can send money from anywhere in the world to anywhere else in the world. The process is very quick and easy. The only thing you have to do is sign up for an account and verify your ID. Once you’re done, you can send money by text message, email, or online banking.
You can also withdraw money using a debit card or a mobile phone with a minimum amount of $5. The transfer process takes about five minutes.
6. Venmo
Venmo is a peer-to-peer money transfer app that allows you to money transfer to your friends and loved ones across the globe within seconds. It’s very simple and easy to use. You just need to enter your phone number, and Venmo will send you a text message. Once you receive the text, you can select the amount you want to send and enter the receiver’s phone number.
In this way, Venmo will transfer the money to your desired person. Venmo is available for all platforms including iPhone, Android, and Windows.
7. Wise (formerly Transferwise)
Transferwise, now Wise, is one of the fastest ways to send money online. It offers a wide range of international money transfer options for consumers and businesses, including instant transfers among more than 140 countries with a transfer limit of $50,000.
Moreover, it is free to use and offers competitive exchange rates. There are no hidden fees or transaction charges.
You can send money to anyone in the world and anywhere in the world for free within minutes, even if you don’t have a bank account.
8. Remitly
Remitly has made sending money from one country to another quickly and reliably. This service was designed to be simple and intuitive.
Remitly uses the same technology that online stores like Amazon and Netflix use to enable their users to send money without any problem.
As one of the fastest ways to send money, Remitly transfers take as little as one minute. The app has been designed to make sending money online as easy as sending a text.
9. Payoneer
Payoneer is a safe and secure platform that allows you to send and receive money in more than 140 countries. It is a marketplace that connects freelancers with customers and businesses.
This is one of the most popular ways to send money, as it is fast, easy, and reliable. It lets you send money in an instant from anywhere in the world.
Payoneer is an alternative to PayPal. You can send money via bank transfers, e-transfers, bank cards, or mobile wallets.
Conclusion
The best ways to send money to friends and family vary depending on your situation. To make a quick donation to a cause you support, you can use a credit card.
However, if you’re looking for more of a long-term plan, it’s better to use a money transfer service. For quick and easy solutions, you may want to check out the above-mentioned fastest ways to send money across the globe.
How would you like to pay your friends and family without any hassle or delay? Share your thoughts in the comments section below.
