5 Best Mobile Apps for Online Money Transfer

Are you looking for the best mobile apps for online money transfers to your loved ones? This article will throw light on the five best mobile apps to send money to Nigeria and 100+ countries online.

Indian people with one of the biggest populations coupled with limited resources look for ways to go to developed countries to secure a better economic future. They send remittances to their families in India, which is why India has been maintaining the top slot in terms of the biggest remittance recipient countries worldwide. These Nigerian expatriates send money through the banks via wire transfers or the world’s top money transfer company ACE Money Transfer. Online money transfers have been made easy with the advent of technology that enables users to send money online through the user-friendly mobile apps that some of the world’s leading online money transfer companies, including ACE, have launched for the convenience of customers.

This article will discuss the top five best mobile apps that make your digital transfer of funds easy.

ACE smartphone app:- ACE Money Transfer has launched a user-friendly money transfer mobile app that is easy to install and simple to use. Through this app, customers send funds digitally overseas and transfer funds online within the same country. This app, however, puts particular emphasis on international remittances. Through ACE, customers can send money to Nigeria online, including over a hundred countries spread across different continents. Customers use this mobile app for the quick and safe transfer of funds globally. ACE money transfer mobile app offers the following features.

Low-value transfers:- You can send as little an amount with the ACE mobile app as you want as there is no minimum amount limit. You will be safe to consider the ACE online money transfer mobile app if you want to send funds in small value fast with a global reach.

Competitive exchange rates: The ACE app gets the currency exchange rates directly for the international exchange market. Bear in mind that the currency exchange rates are never static and keep fluctuating.

Minimal services charges:- ACE has low fees, and its service charges are minimal. And the best part is that whatever the charges are, they are offered without compromising the quality of services.

Transfer limits:- ACE does not have any lower limit of the funds, nor does it restrict the upper limit. But, with the increase in amounts, the terms and conditions begin to vary.

Customer ratings:- On Apple App Store, ACE Money Transfer has a rating of 4.9 out of 5 and on the Google Play Store, it has a customer rating of 4.7 out of 5.

Remitly smartphone app:- This service emphasizes remittances only. It is better to swiftly transfer funds to regions such as Africa, Asia, and South America. Remitly mobile app offers the following features.

Low amounts:- You can use Remitly for low-value transfers, with amounts dropping to as low as 5,000 USD or even less.

Exchange rates:- Remitly offers reasonable currency exchange rates for money transfer to Nigeria and other receiving countries depending on the current market trends.

Service charges:- Remitly offers competitive services charges that are as low as its peers in the market.

Transfer limits:- Remitly does not allow a transfer of more than 10,000 USD at a time. And it has different limitations on different currencies. And it does not support business transactions either.

Customer ratings:- On Apple App Store Remitly mobile app has a rating of 4.8 out of 5, and on the Google Play Store, it has a rating of 4.8 out of 5.

OFX smartphone app:- It specializes in foreign currencies.

Large amounts:- Customers typically use the OFX smartphone app for online money transfers for 7,500 USD or more.

Exchange rates:- OFX offers regular exchange rates, but they offer good rates if you send large amounts.

Fees:- With small amounts, you will be charged more in terms of service charges, and if you send larger amounts, the fees will remain low.

Transfer limits:- OFX does not send less than 1,000 USD, and it does not have any upper limit for many other currencies.

Customer ratings:- On Apple Play Store OFX mobile app has a rating of 4.8 out of 5, and on Google Play Store, it has a rating of 4.4 out of 5.

Wise (TransferWise):- Wise mobile app enables its customers to send money internationally fast. There are certain features in this app that are discussed briefly.

Small amounts:- You can send an amount less than 7,500 USD through the Wise mobile app. And you can get some discounts if you send larger amounts with the Wise money transfer app.

Exchange rates:- Wise offers better exchange rates than the market, but these rates depend on the conditions of international money transfer markets.

Service charges:- Wise has low fees, and typically the service charges will range between 0.5 to 1 percent of the total amount you want to transfer.

Transfer limits:- Wise has set certain limits on both the upper and lower limits on the amounts you want to transfer with them. But these limits depend on the countries you want to send money to and the currencies to be exchanged. But these limits cater to the needs of most of its users.

Customer ratings:- On Apple Play Store, the Wise mobile app has a rating of 4.8 out of 5 and on Google Play Store, it has a rating of 4.2 out of 5.

PayPal smartphone app:- Through the PayPal smartphone app, you can securely send money to many countries worldwide. Some of its features are:

Low amounts:- With PayPal, you can send as low an amount as 300 USD only to any country in the world. PayPal is considered safe for sending low amounts. Paypal is the best app for online money transfer to Nigeria when you want to send a small amount.

Exchange rates:- PayPal offers good exchange rates interlinked with the amounts to be sent, the currencies, and the beneficiary’s country.

Service charges:- PayPal has a different fees structure in which it charges fees depending on the currency, amount, and where is the money being sent.

Transfer limits:- PayPal is safe for sending small amounts of money. It does not have any upper or lower limit on the amounts you want to send, but the exchange rates and service charges will make a huge difference. Therefore, it is recommended to use PayPal for small amounts only.

Customer ratings:- On Apple Play Store, PayPal has a customer rating of 4.8 out of 5 and on Google Play Store, it has a rating of 4.3 out of 5.

Conclusion:- In this article, we have talked about the world’s top 5 online money transfer mobile apps. We have drawn comparisons and have come to realize that ACE stands atop the list in customer ratings and has unique features that are hardly found in other apps we have detailed out above.