4 Least Expensive Ways to Transfer Funds in 2022

4 Least Expensive Ways to Transfer Funds in 2022

Did you know that there is almost $6 trillion currently circulating in the global economy?

Whether you need to do an international fund transfer or just pay back a friend for a dinner from the other day, there are many options available to you. The catch is that some fund-transfer services are more expensive than others.

Are you wondering which ones have the lowest fees? Keep reading to learn all about the 4 least expensive ways to transfer funds in 2022.

1.SendWave

When it comes to fund transfers, you can’t find anything cheaper than the price of zero dollars and zero cents. With SendWave, there are no transfer fees and it processes almost as quickly as a lightning strike.

Keep in mind that you’ll only be able to use it through the app rather than on your computer. You also can only send money from the United States, the United Kingdom, and Canada. The good news is that there’s no minimum, which means you can send as little as a dollar if you really need to.

Be sure to check out more info.

2.Venmo

This is another app that can allow you to send or receive instant money transfers. If you connect your debit card or bank account, then you can rest easy knowing that there aren’t any fees. However, using a credit card will result in a fee of 3%.

The Venmo app has social functions, such as the ability to see and comment on the transactions of friends. With this in mind, it’s best not to add or interact with someone you don’t know.

Venmo isn’t suited for international transfers, so you should look elsewhere if that’s what you need to do.

3.Xoom

If you want to transfer money online and across borders, then Xoom is here to help you out.

Whether you need to pay an international bill or send money to someone overseas, Xoom makes it super easy. There’s even an option to send money that could be picked up in physical form.

You can expect to pay 6 bucks for most transactions but it can depend on conversion rates and other factors.

4.Google Pay

Google Pay is a convenient money transfer app and it has no fees if you’ve connected your bank account or debit card. You can also avoid fees if have a Google Pay account balance.

The app is even more convenient for people who have Gmail.

Are You Ready to Transfer Funds?

Now that you’ve learned all about the 4 least expensive ways to transfer funds in 2022, you can get money where it needs to go without breaking the bank. Be sure to tell your friends and family members what you’ve learned so they can save a ton of money too.

If you enjoyed reading this article, then you won’t want to miss out on all the other high-quality content we publish on the regular. From business to technology and everything in between, you can stay up to date by checking out more of our articles.

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