How To Send Money Instantly From Bank Account

Stand out to our picks for the best ways to send money:

Uncomparable for mobile: Venmo
Best for referral bonus: Cash App
Fastest for domestic transfers: Zelle || Google Pay
Most popular online: PayPal
Best for nonbank transfers: Walmart2Walmart
Best for sending $10,000 or more inside the U.S.: Bank wire remove
Cheapest for international transfers: OFX
Fastest for world-wide transfers: Xoom || MoneyGram
Best conveyance options: Western Union
Best for effortless sign-up: Wise

When you send money online, the best way depends on how and where you desire to base it.

We compared fees, pelt along and other features to find the best providers for house servant and global money transfers.

Why you can trust NerdWallet: Our writers and editors comply strict editorial guidelines to make a point our reporting is fair and accurate, so you can take the options that mold superior for you.

+ See a summary of our picks

How to send money online, on movable or in person

Venmo: Best rated for mobile.
Cash in app: Best for referral bonus.
Zelle: Fastest for native transfers (tie with Google Pay).
Google Pay: Fastest for domestic transfers (tie with Zelle).
PayPal: Most touristy online.
Walmart2Walmart: Top-quality for nonbank transfers.
Bank telegram channelize: Best for sending $10,000 or Sir Thomas More within the U.S.
OFX: Cheapest for international transfers.
Xoom: Fastest for international transfers (tie with MoneyGram).
MoneyGram: Quickest for international transfers (tie with Xoom).
Western Union: Best transfer options.
Wise: Best for easy sign-up.

Best ways to send money: Domestic

Read reexamine	Venmo: Better rated for mobile.
Read review	Cash app: Best for referral incentive.
Read review	Zelle: Fastest (tie).
	Google Yield: Fastest (tie).
Read retrospect	PayPal: Most popular online.
	Walmart2Walmart: Best for nonbank transfers.
Bank wire transplant: Uncomparable for sending $10,000 or more

Top-grade ways to send money: Internationalistic

Venmo: Best rated for mobile

Why it's our pick:

Extremely rated app for iOS and Android phones.
Gratis, easy, socially engaging money transfers.

Venmo's app ratings — in combination — are the highest of the domestic providers we considered: 4.3 stars in the Google Play store and 4.9 in Apple's App Store.

It's free to get off and receive money when you link a bank business relationship, debit entry card or postpaid debit entry card. Using a credit bill costs 3% of the transaction. With a some lights-out on Venmo, you commode send busy $4,999.99 per week for peer-to-peer transactions.

Your and your friends' transactions will down up — without amounts — on a Facebook-like news run.

Money you receive shows dormie instantly in your Venmo balance, but cashing come out to a money box chronicle takes indefinite to three lin days . You can also transfer funds to a debit entry card, typically within 30 proceedings, for a 1.5% fee. (For more details, learn our Venmo review .)

Cash App: Best for referral fillip

Wherefore it's our pick:

$5 bonus when soul uses your referral inscribe to sign ascending and send money.
No fees to send or receive money.

Cash App lets you ship and receive money free of charge with John Cash from your linked bank account or debit visiting card. You tooshie make your own $Cashtag, or username, in the app, to come through easier for people to find you and direct you payments. Dissimilar the other P2P apps and ways to send money on this list, Hard cash App offers a $5 bonus when person signs astir with your referral link and sends at least $5 from their new chronicle.

You'll need to have a bank account to use the Cash App. Money you receive leave show up instantly in your app balance, just it bequeath take 1-3 years for the money to show up in your bank describe if you choose to transfer. You can cash out instantly to your debit card just you'll pay a 1.5% bung.

You're special to sending and receiving a maximum of $1,000 per 30 years. If you want to increase your specify, you'll need to provide more personal data so much as your full name, date of birth, and in conclusion four digits of your Social Security telephone number. If you station money using a credit identity card, you'll be charged a 3% tip. (For to a greater extent information, see our Cash App review .)

Zelle: Fastest (tie with Google Pay)

Why it's our pick:

Delivery tends to be within minutes.
Already interracial with over 1,000 financial institutions, copulative more than than 100 million people.

With Zelle, you can send and surrender money within transactions between bank accounts at distinguishable financial institutions. You might already be victimisation Zelle's service through your bank's web site or mobile app. Over 1,000 banks and credit unions are on board, which means that their 100 billion-some customers can use Zelle within their bank's website or mobile app. If your bank International Relations and Security Network't part of the network, Zelle is also uncommitted as a standalone app.

You'll need a U.S. bank account to fund and receive payments . Zelle doesn't charge any fees, though whatsoever of its partner banks can decide to. Although limits vary by bank, some of the largest Sir Joseph Banks gear up a daily transfer supreme of $2,000 or $2,500.

Zelle is not successful for buying or selling things, and you're non protected for those transfers. In addition, if you ship money to the wrong person operating theater transfer the wrong amount, you might be out of luck. Protections are limited to when somebody steals your Zelle account or password and uses it to transmi money.

Google Pay: Quickest (tie with Zelle)

Why it's our pick:

Smooth integration of money transfer table service in email.
Instant transfer of finances to debit cards free of charge.

+ Google Pay in a nutshell

Google Give lets you transfer money for free using a QR code, the recipient's name, phone number operating theater email dea. You can also cash out for free within minutes from the in-app wallet to a debit entry card. The maximum you hindquarters charg is $5,000 all seven days. Bank accounts and debit card game fundament fund transfers, but credit card game and prepaid card game cannot.

Google Bear covers 100% of all verified unauthorized proceedings , which isn't a given for all money transfer apps and services.

PayPal: Most popular online

Why it's our pick:

Screechy remove maximum.
More than 400 million active accounts worldwide.

PayPal offers free transfers in the U.S. when you fund with a bank write u or PayPal residual. Paying with a credit card — and unlike other providers, a debit card — carries a fee: 2.9% of the sending amount plus 30 cents. Bank account transfers are justify.

Depending on your currency, the maximum amount you can send per transfer ranges from $10,000 to $60,000, surpassing Venmo's weekly level bes. But if you're sending that untold money, doing thus through a bank provides more safeguards for your balance, such equally FDIC insurance.

Transferring money to bank accounts gratis takes 1-4 business days, depending along if the transfer was initiated later on 7 p.m. ET or connected a weekend. You can besides pay for an moment transfer to a linked debit entry notice. You can place or receive money along the website surgery mobile app connected iOS and Android phones, or at PayPal.Me, where you make over your own link that family and friends can use to pay you. (Read our PayPal review .)

Walmart2Walmart: Best for nonbank transfers

Why IT's our pick:

Cheaper Johnny Cash transfers than some traditional money remove companies.

+ Walmart2Walmart in a nutshell

If you want to transfer cash, Walmart is cheaper than traditional money transfer companies, such as Western Union and Xoom. You can send money to any of the thousands of U.S. Walmart stores, where a recipient bum foot up the money inside minutes.

In nigh states, the maximum you can get off in a twenty-four hours is $2,999.99, and prices start at $4. (For more about Walmart commercial enterprise services, learn our Walmart Money Center survey .)

Camber wire transfer: B est for sending $10,000 operating room more within the U.S.

+ Depository financial institution wire transfers in a nutshell

Sending a electrify transfer through your banking concern might be the better way to send out a large amount quickly. As convenient as P2P apps are, they limit how much you can send, generally $1,000 to $10,000 per transfer, and delivery can take multiple years.

There's a steep fee for transfers. Based on an analysis of queen-sized banks, the median domestic wire cost for sending is $25, and $15 for receiving (see what about Sir Joseph Banks charge ). If you need to send a lot of money within proceedings, though, the cost could be worth it.

International transfers

When you make a transfer abroad, you generally encounter deuce costs: the fee for sending money (a.k.a. the outbound or direct fee) and the foreign switch fees, or the markup on the exchange rate that financial institutions use when transferring money among themselves. Consider both fees to find the best deal.

OFX: Cheapest

Why it's our pick:

No outbound fees.

OFX doesn't charge fees, regardless of the amount you send. In addition, its online service lets you make a transfer at stream exchange rates or mark future rates — meaning your money will transfer once your rate of exchange is reached — and markups are low. From the U.S., you can transport money in concluded 55 currencies.

OFX has a minimum amount per transfer of $1,000 and no uttermost. Speech typically takes some business years. (Read our OFX review for more details.)

Xoom: Fastest (tie with MoneyGram)

Why information technology's our piece:

Transfers to bank accounts abroad within minutes for some countries.

Xoom— a PayPal armed service — specializes in truehearted transfers to over 160 countries. You rump send adequate $100,000, though the higher the amount you want to ship, the longer you may make to wait and the more personal entropy you'll have to provide (such American Samoa a passport or Social Security list and a savings bank statement or pay check stub). You keister send money by bank calculate, debit card, credit card or the defrayment methods stored in your PayPal calculate, and most transfers get in within minutes. Xoom partners with John Roy Major banks abroad, allowing users to have money delivered to rely accounts or, in much countries, for cash getaway or A moveable phone reloads.

Monetary value is where Xoom lags behind competitors. Xoom makes money from exchange rates, but it gives better rates for sending higher amounts to certain countries. Transfers from one bank account to another are only sometimes free. General, fees prat be high if you use a debit entry or credit card. (For more information, see our Xoom review .)

MoneyGram: Fastest (tie with Xoom)

Wherefore it's our pick:

Fast transfers to bank accounts operating theatre as cash for pickup worldwide.

+ MoneyGram in a nutshell

MoneyGram commands a network of locations in more than 200 countries and territories. Transfers between locations take proceedings for delivery as cash pick-me-up, which is similar to MoneyGram's main contender, Western Union. Transfers dispatched online or by cellular telephone to bank accounts in varied countries take hours or a single business day; other providers can take several business years to transfer to banking concern accounts.

You'll take in to pay fees. Average fees for sending $200 to $1,000 range from about $5 to $12 in the countries we surveyed. MoneyGram also marks rising the switch rates up to 0.60%. For the countries we researched, the maximum amount you give the axe send is or so $10,000. (See our MoneyGram review .)

Western Union: Best transfer options

Wherefore IT's our pick:

Extensive worldwide electronic network of locations.
Umpteen shipway to send and deport money.

+ Western Union in a nutshell

The biggest money transfer company worldwide, Western Unionised likewise has a sizable range of remove options . Connected the provider's damage estimator tool online, you'll watch to a higher degree a dozen combinations of sending channels, defrayment methods and delivery options. You can send money from the Western Union site or its maneuverable app, and you can use a bank account, debit card or credit card — operating room send from a nearby agentive role location using cash in on.

The transfer giant's physical web covers terminated 200 countries and territories and more than half a million locations globally.

Transfers are expensive — one of the near expensive of the providers we looked at — and lonesome some options include same-twenty-four hour period or next-twenty-four hour period delivery. Some online transferee options can take several business days for delivery. (Read our Western Union review .)

Wise: Best for easy sign-high

Why it's our pick:

Atomic number 102 adulterant exchange pace markups.
Consumer-palsy-walsy web experience from sign-up to delivery.

Wise (formerly TransferWise) balances convenience and costs along its online and mobile money transfer platform. You nates sign up with your Apple, Google or Facebook accounting, instead of a site-specific login, and your rate of exchange is broadly guaranteed for at the least a day. Wise sends money from the U.S. to over 80 countries without an rate of exchange markup — they execute charge you an rate of exchange bung, which pays for qualification the exchange happen, only there's no markup and they don't pass wate money off this fee.

In most cases, you'll pay two fees: a flat dollar amount (the upfront fee), which increases with the amount you send, and the change fee, which is often less than 1% of the amount you broadcast. From the U.S., delivery generally takes several business days. (Register our Wise review ).

Methodological analysis FOR National TRANSFERS

To determine the best domestic transfer services, we examined the following features for 12 providers: fees, delivery speed of cash or money to receiver's bank account, exploiter attain (where transaction information were available), sending amount terminus ad quem and security. Priority went to those providers that offer atomic number 102-cost transfers, have established histories and maintain high security system standards. We excluded single-savings bank P2P services since they usually limit users to a given trust.

Note: All transfer amount limits given assume users have verified their identity as each app requires. In that respect are also initial amount limits when first using the app.

Providers surveyed: Apple Pay , Cash App , Facebook Pay, Google Earnings, MoneyGram , PayPal , PopMoney, Ria , Venmo , Walmart2Walmart , Western Union and Zelle .

METHODOLOGY FOR INTERNATIONAL TRANSFERS

We analyzed seven providers that work in the U.S., mostly focusing on major players in the international money transfer industry, based along marketing research, experts, monetary value analysis and U.S. internet traffic.

Countries surveyed: Germany, India, Mexico and the United Kingdom.

Fees and rate of exchange markups mentioned are based on the analytic thinking linked down the stairs.