Cash App

Cash App is even a simpler money transfer app, evolving around the idea of sharing fund by adding an easy link to your debit card. The facility enables users to send, receive or request money from your folks in no time.

What is delightful to experience is how money gets deposited into your bank account quickly as soon as the transaction is finished.

Cost

Free to download and use basic services

Transfer speed

1 to 3 business days or instant cash-out deposits for a 1.5% fee (25 cent minimum)

Standout features

App allows users to invest money in individual stocks as well as buy and sell bitcoin

Links to accounts

Yes, bank accounts and credit cards

Availability

iOS or Androis

Security features

Data encryption and fraud detection technology; unique, one-time login codes, two-factor authentication

Pros

Free debit card for users who opt in
Free ATM withdrawals if you set up direct deposit (otherwise $2 per withdrawal)
“Cash boosts” offer discounts with certain retailers that are automatically applied to a purchase to help users save money (only one boost may be active at a time)
App includes features to let users invest in stocks and buy and sell bitcoin

Cons

Charges a 3% processing fee when using linked credit card as a payment method
Charges a 1.5% fee for instant cash-outs (to disperse funds immediately to your bank account with no waiting period)
Cash App is not FDIC-insured, despite its more sophisticated investing features

Website: https://cash.app/