Why International Bank Transfers Are So Simple Today?

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Why International Bank Transfers Are So Simple
today?
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The advent of modern networking and the internet
has led to enhanced banking functions across the
globe through e-wallets and online banking
applications. One can transfer money a lot easier
than could be sent a few years ago. Whether it is
splitting a check at a hotel or transferring
funds across continents, moving money across
accounts electronically has become really
simple. The apps given below enable a user to
transfer money with just a phone number or an
email address
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Square Cash
This is a speedy and adaptable application
available for Android and iOS allowing users to
send money to their contacts in a matter of
minutes. Pre-requisites for using this are a
smartphone, an email address and a debit card.
The transfers made with this app are free for
individual users, but business users are charged
a fee of 1.5. Even though this application is
meant for use only in the USA, it has earned a
mention here for the utter ease of use it offers.
One can send money using bank account easily
using this app.
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Venmo
This is the first company that started the trend
of sending money from a users mobile phone into
any target account. The app which is really
popular with the users across the board is
available both on Android and iOS. Like the app
mentioned above, all a user needs will be the
email address and phone number to make transfers.
While most transactions are free, non-major debit
cards are levied with a 3 fee. This app is owned
by PayPal and it meant for the US only and is
meant for a young demographic. For International
bank transfers, Google Wallet and PayPal are
better known.
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Google Wallet
This is an amazing app that only requires a Gmail
account and a valid debit or credit card or bank
account itself. Available on Android and iOS,
this has been a runaway success with users all
across the world. Google wallet is highly
versatile tool for users on the go as they can
use the app almost as a physical card and swipe
it in physical stores using the NFC feature in a
phone. The money transfers done here are
completely free and almost instantaneous.
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PayPal
PayPal has been synonymous with International
Bank Transfers ever since its inception leading
to a great deal of popularity for the money
transfer. While it has received some criticism in
the past regarding its handling of user accounts
when it is most needed, it is still a robust and
established application. This app lets users
transfer money with just a few clicks on the
desktop or the mobile app and is available both
on Android and iOS. PayPals transfers are pretty
reliable but they do charge a considerable amount
for currency conversion for international
transfers. The only con to this app is the
duration it takes to transfer the money from the
PayPal account to the bank.
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Chase Quick Pay
This is a bank specific app, although one does
not need an account at Chase bank to use Chase
Quick pay. This app has been praised by users as
being fast and easy to use. But once again this
has been noted for its efficiency even though it
is US specific. Customers can easily send money
using bank account without problems.
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To summarize, all the apps listed above are used
frequently by users to send money using bank
account. And if the user takes adequate care,
then they will be able to carry out International
Bank Transfers without any hassles, saving
themselves a large amount of both time and money.
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Thank You