When you owe someone money, it isn't always convenient to take a trip to the ATM. In fact, it's probably never convenient. And the chances of having your checkbook on you when you actually need to write a check are likely pretty slim. But thanks to technology, ATMs and checks are things of the past. At least, if you want them to be.
Sending money domestically to a friend, family member, or to anyone can be as easy as clicking a few buttons. There are lots of websites and their accompanying apps that'll do the job for you, but the following four are the most popular, the safest, the fastest, and the most streamlined.
Google Wallet is a fast way to send money to anyone by simply using an email address or phone number. The recipient doesn't even need to have the Wallet app to receive the money. In addition to sending money, you can also receive money directly into your bank account by setting a default payment method. It'll automatically be sent over, which means you won't have to deal with manually cashing out.
You can also use the app to split a bill, pay for a group gift, or pay for a shared vacation. Requesting money with Google Wallet is an easy way to keep track of who still needs to pay you back.
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There are so many benefits to using PayPal. You can shop from millions of sites from all over the world. The service offers a digital wallet that lets you add credit, debit, and bank accounts so you can decide how to pay. You'll receive global purchase protection, so if you aren't happy with your purchase, PayPal will help get your money back.
You just need a PayPal email account or phone number to send money to anywhere in the world.
Sign up for Venmo using Facebook or your email address. You can send payments to friends or family using money you have in Venmo or by linking a debit card or your bank account. You can even use the app to pay for purchases you make in mobile apps. But heads up, if you use a credit card, you'll be charged a 3 percent fee.
Venmo has an activity feed that allows you to write messages to your contacts, which you can do when you're paying someone, or simply just to say hello. And you can transfer money from the app directly into your bank account in as little as one business day.
Payment company Square is a streamlined platform for sending and receiving money. The app links up with your credit or debit card. Transfers with a debit card are free, but like Venmo, it charges a 3 percent fee if you use a credit card.
Square Cash added an in-app wallet that holds money you've received, which means there will be a slight delay when you cash out. In most cases, it's one business day, but if you cash out on a Friday or over the weekend, there will be a longer lag. You can get money cashed out instantly for a 1 percent fee.
The company offers a free cash card that allows you to spend money anywhere. It's a Visa debit card that you have customized with laser-etching.