Find out which are the best applications to send money.

If you are looking for an effective, safe and economical way to send money to your family, here are five applications that you can use. You no longer need to wait in long lines at the bank or pay high fees and charges, because most of these applications are free and send money instantly.

1. Paypal

By creating an account at Paypal you can send money easily and free. Since this company allows you to transfer money from one account to another without any charge. In order for the person to get the money, they must have a PayPal account. In some cases the company may charge a fee when withdrawing money from the account.

When you want to send money, you must enter in your Paypal account the mobile phone number or email address of the person you want to send it to and specify the amount on the form. Likewise, the application can charge fees for currency exchange. Paypal is available for Android Y iPhone.

2. Xoom

Xoom It is an application that allows you to send money to the United States, Puerto Rico, the Dominican Republic, Argentina, Mexico, Colombia, etc. With this application you can send money: to a bank account, in cash for payment at the window or send it directly to the address of your recipient. The application is free, it is available for iPhone Y Android.

3. Square Cash

Sending money with Square Cash is free, however, to send money to another person, they must have an account at Square Cash. To carry out the transaction you only need the url of the account of the person to whom you want to send the money, log in to the application, enter the amount you want to send and press the “pay” option.

However, Square Cash does not allow you to send more than $ 250 a week if you do not verify your identity in the application. When performing identity verification, the application allows you to send up to a maximum of $ 2,500. Square Cash is available for iPhone Y AndroidHowever, you can only use it within the United States.

4. Venmo

Venmo It is another application that allows you to send money and pay in establishments, at no cost. The application, which is owned by Paypal, is very effective, since you can transfer money to other Venmo users at the push of a button. Even before sending the funds, it allows you to write a note to the recipient and know their transfer history. However, you can only use this application within the United States. The application is available for iPhone Y Android.