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Can You Send Money Internationally With Cash App?

Updated on October 10, 2023 10:50 am
Cash App

Cash App, a popular peer-to-peer payment app in the United States, has gained significant traction for its ease of use and versatility. But does Cash App allow international money transfers?

In this blog, we'll explore Cash App's capabilities regarding international transfers, the associated fees, and alternative options for sending money across borders.

Before delving into Cash App alternatives for international money transfers, let's briefly discuss what Cash App is, how it works, and whether it supports cross-border transactions.

What is Cash App?

Cash App, developed by Square Inc., is a mobile payment app that allows users to send and receive money easily and quickly. It's primarily used for peer-to-peer transactions, making it a convenient tool for splitting bills, paying friends, or even purchasing goods and services from businesses that accept Cash App payments.

How Does Cash App Work?

To use the Cash App, you must first download the mobile app. It's available for both iOS and Android devices. Sign up for an account. After setting up your Cash App account, you will need to link it to an existing bank account or credit/debit cards to the app.

Once linked, you can transfer money to other Cash App users by entering their phone number, email address, or $Cashtag (a unique identifier).

With its growing user base and frequent updates, Cash App has evolved to offer various financial services, including the ability to buy and sell cryptocurrencies, invest in stocks, and even receive direct deposits like paychecks or government benefits.

Does Cash App Work Internationally?

Cash App only works for payments from the US to the UK and vice-versa. Other destination countries and currencies are not supported by Cash App.

Both sender and recipient need to have their own Cash App account to make cross-border payments.

In other words, Cash App is an excellent choice for sending or receiving money between the US and the UK. 

Cash App charges no exchange rate margin and no transaction fees. So your money will be exchanged at the mid-market rate, with no costs at all.

What is Cash Card?

Cash App offers a physical debit card called the Cash Card, which is linked to the user's Cash App account and can be used for making purchases, both online and in stores, and withdrawing cash from ATMs. It can be used anywhere where Visa is accepted.

Can You Use Cash App While Overseas?

Cash App doesn’t support domestic or international transfers when you are overseas, aside from sending payments to users in the US or the UK.

Cash App Fee Structure

Many standard transactions are free. Cash App doesn't have an account, maintenance, or annual fees, but there are fees depending on how you use the app.

Alternatives to Cash App for International Transfers

If you use Cash App but want to transfer money elsewhere in the world, there are plenty of options.

Most people would go for traditional bank wire transfers due to their familiarity and reputation for reliability.

While they're secure, bank wire transfers can be relatively slow and may come with high fees, including both sender and recipient charges. They often offer poor exchange rates and there are chances you might be paying hidden fees such as correspondent bank charges.

For international money transfers, the recommended approach is to use specialized online money transfer services.

Here, we provided you with a list of the top alternatives to Cash App for your international money transfer needs.

Instarem

Instarem is an online remittance service provider based in Singapore and is known for its competitive rates, low fees, transparent fees, and convenience.

Instarem's Features:

  • Send money to 55+ countries through a vast network of 8000+ banks.
  • Instarem charges a percentage-based fee (0%-1%) depending on the sending countries and transfer corridors.
  • Clear fee structure with no hidden fees.
  • Offers zero-margin exchange rates
  • Multiple payment options including bank accounts, debit cards, credit cards, and cash.
  • Convenient Instarem mobile app
  • Fast Delivery (same-day or next-business-day delivery)
  • Earn InstaPoints for each transfer to use for future transfers
  • Get discounts, first transfer bonuses, and referral bonuses.

Wise

Wise, headquartered in London, is a top-notch online and mobile payment service facilitating international money transfers from 59 countries to over 80 nations. Offering transparent fees and real exchange rates, Wise stands out as one of the premier choices for international money transfers.

Wise's Features

  • Faster Transfers (50% of transfers are either instant or completed within an hour)
  • Flexible payment methods (bank account transfer, debit/credit cards, SWIFT, and PISP)
  • Offers mid-market exchange rates without hidden markups.
  • Transparent low fees
  • Get the Wise debit card for seamless spending and cash withdrawals in over 200 countries
  • Open a multi-currency account that accommodates 50+ currencies.
  • Wise offers business accounts for streamlined financial operations.

Remitly

Remitly is an online-based money transfer provider known for its affordability, speed, and convenience. It enables transfers to over 170 countries, making it a solid choice for those needing to transfer money globally. You can easily send money via their website or mobile app.

Remitly's Features

  • Send money to over 170 countries in 100+ currencies and 435,000+ cash pickup locations worldwide.
  • Pay using various methods, including bank deposits, cash transfers, mobile money, and home delivery.
  • Enjoy competitive exchange rate margins ranging from 0.5% to 1.5%.
  • Transparent and low fees
  • Choose between two transfer speeds: Express (faster with higher costs) or Economy (takes 3-5 business days with lower fees)
  • Multiple delivery options (bank deposits, cash-pickup, mobile payments) The destination country determines the transfer speed and available delivery methods.
  • Attractive promotional pricing for first-time users.
  • Referral bonuses if you introduce your friends to Remitly's services.

XE Money Transfer

XE Money Transfer, headquartered in Newmarket, Ontario, Canada, is a leading online international foreign exchange service known for its low cost and competitive exchange rates.

XE Money Transfer's Features

  • Send payments in 139 currencies to over 220 countries and territories.
  • An excellent choice for large bank-to-bank transfers
  • No transfer fees for transactions exceeding $500
  • Transparent fees
  • Offers exchange rate margins ranging from 0.5% to 2%, decreasing with larger transfer amounts.
  • Payment options include bank account transfers, credit cards, and debit cards.
  • Transfer times vary from a few minutes to up to 4 business days
  • Access real-time mid-market exchange rate through the Xe Currency Converter.
  • Offers currency market research and historical currency charts for various currency pairs.

PandaRemit

PandaRemit is an online international remittance service established in Hong Kong by Wo Transfer Limited. With offices spanning Hong Kong, Sydney, Tokyo, Hangzhou, Denver, and Singapore, Panda Remit offers transparent money transfer services featuring competitive exchange rates and no hidden charges.

PandaRemit's Features

  • Send money to over 30 countries 
  • Pay with a bank account (free of cost), mobile banking, bank cards, or online payment system
  • The exchange rate margin is between 0.02%-0.62%
  • User-friendly mobile application
  • Zero transfer fees for first-time customers
  • Multiple delivery options: direct deposit to a digital wallet, bank cards, or cask pickup
  • Transfer money as fast as 2 minutes 
  • Get the 100% money-back guarantee benefit if not satisfied with the service

Pangea

Pangea is a mobile-centric international remittance platform that allows customers to send money from the U.S. to 25 countries across Asia and Latin America in under 30 seconds at a low flat fee. Pangea is not available in every US state, so check if its service is available where you are.

Pangea's Features

  • Mobile app transfers take 30 seconds or less
  • Send money to a bank account, debit card, or mobile wallet
  • Or collect cash pick-up at 40,000 retail locations
  • Pay international bills, and set up automatic transfers
  • Use Pangea Visa debit card to deposit and withdraw cash
  • Cutting-edge technology to protect your money
  • Responsive customer service
  • Discounts for new customers

Abound

Abound, formerly known as Times Club and owned by the Times of India group, is a rewards and remittance app designed for Non-Resident Indians (NRIs), providing a unified platform to address their money transfer requirements and optimize their financial savings.

With Abound, you can send money from the U.S. to India at competitive exchange rates and earn numerous cashback and rewards.

Abound's Features

  • Send money to more than 130 Indian banks from the US at competitive exchange rates and zero transfer fees
  • Payment methods include bank account transfer or credit card (charges may apply)
  • Receive money via direct bank deposits or UPI payments (faster option)
  • Transfer completed between 3-4 business days
  • Get ₹83 for each $1 you send to India on your first transfer up to $1,000
  • Earn 5% cashback when shopping at over 4,000 Indian grocery stores in the US
  • Borderless account for spending and purchases in both the US and India
  • Get a 3% bonus on cash deposits on your borderless account
  • Premium Debit Card (coming soon): Get 2x cashback on US spending, and 3% on deposits with exclusive discounts and benefits for family members in India

Pomelo

Pomelo offers a new approach to transferring money hassle-free to the Philippines from the US. This fintech platform merges consumer credit with international money transfer services.

Pomelo's Features

  • Offers a Family plan for global credit sharing, where you are the primary cardholder
  • Invite Up to 3 Authorized Users
  • Individual Cards Delivered to the Philippines in 10 Days or Less
  • The card is usable anywhere Mastercard is accepted
  • Send Money Now, Pay Later with Zero APR
  • You settle the card balance monthly at a competitive USD to PHP exchange rate
  • Full Control Over Shared Credit
  • Ability to Adjust Sharing Amounts
  • Pause Sharing Anytime
  • Real-time Transaction Monitoring
  • Convenient Monthly Payment Option
  • Autopay available

State Bank of India-California

If you are looking for one of the fastest methods to transfer money to India from the United States, consider SBIC, which is a subsidiary of India's largest public sector bank, the State Bank of India.

SBIC is a full-service bank, offering a wide range of commercial lending solutions, personal and business banking products, and international services. SBIC operates multiple branches throughout California, with its headquarters situated in Downtown Los Angeles.

SBIC's Features

  • Send money to any bank in India within a few hours at zero costs
  • Three transfer options: Online, SBIC Mobile App, or in-person at branches
  • Competitive USD to INR exchange rates
  • SBIC app enables bill payments, balance checks, deposits, and person-to-person transfers.
  • Built-in GPS for branch and ATM location, plus beneficiary data storage.
  • For in-branch transfers under $50,000, there is a $15 remittance fee.
  • Transfers of $50,000 or more incur zero charges
  • Online account transfer limits: $25,000 per day and $50,000 per month.
  • Branch-opened accounts: Daily transfer limit of $50,000 with no monthly restrictions.
  • Mobile transfer limits: $25,000 per day and $50,000 per month.
  • Transfers exceeding $35,000 may require an additional 1-2 working days for amounts above this threshold.

Placid

Placid is a money transfer service provider that facilitates currency exchange services across over 25 countries. Placid has direct affiliations with several banks and financial institutions, enabling convenient and affordable cross-border money transfers.

Placid's Features

  • Offers rapid, direct transfers to over 25 countries
  • Receive funds either directly in bank accounts or through cash pickup at local agents
  • Widespread network of cash pickup locations
  • Payment methods: bank transfers, debit, or credit card
  • Bank-funded transfers typically take one to three business days
  • Transfers funded through debit or credit cards can reach beneficiaries within an hour
  • Transfer fees and exchange rates to countries like India are highly competitive
  • Offers exchange rate comparison tool with other money transfer providers
  • The spotCash! Service stands out for its speed, simplicity, and convenience for beneficiaries
  • Refer a friend and earn $10

PassTo

PassTo, a London-based money transfer app, offers international remittance services with a mid-market exchange rate and transparent fees. PassTo has been established to serve expats in the UK by offering a streamlined and affordable money transfer solution that saves time, energy, and expenses.

PassTo's Features

  • Send money to 60 countries
  • Send real-time airtime top-ups to 150+ countries
  • Payment methods: instant bank transfer, bank deposits, debit or credit card
  • Multiple receiving options: cash pickup at agent locations, bank account deposits, and mobile wallets
  • The majority of the transfers are completed within minutes
  • Send up to Euro 5,000 per day
  • No hidden fees
  • Real-time exchange rates
  • Refer friends and earn free credit
  • Earn PassTo Plus Points with each transfer and redeem them on your fee discounts on your future transfers

Frequently Asked Questions

Is there a fee for international money transfers with Cash App?

Sending money internationally through the Cash App is fee-free. When you make a payment to the UK from the US, the currency conversion is done using the mid-market exchange rate at the time of the transaction, and the recipient will get the money in their local currency. There are no extra charges.

Is sending money possible to people who aren't using Cash App?

If your recipient doesn't have an existing Cash App account, they will be asked to register and verify their account to accept the payment. If they fail to do so within 14 days, the payment will be refunded to you.

Can I use Cash App for sending money abroad?

No. Cash App works exclusively in the US and the UK. It facilitates money transfers solely between US or UK bank accounts, requiring both the sender and recipient to have US and UK bank accounts.

Is Cash App safe?

Cash App uses cutting-edge encryption and fraud detection technology to ensure your data and money is secure. Regardless of whether you're connected to a public or private Wi-Fi network or using data services like 3G, 4G, or EDGE, any data you provide is encrypted and transmitted securely to Cash App’s servers.

What is the best alternative to Cash App?

There are several good alternatives to Cash App for international transactions. We recommend using tools like CompareRemit to compare the alternatives and discover the most suitable option for your specific requirements in real-time.

Conclusion

Cash App is a convenient and versatile mobile payment app, but it doesn't support international transfers, except between the US and the UK. The good news is that there are other options for international transfers, as discussed in the blog.

When selecting an alternative method for international money transfers, consider factors such as fees, exchange rates, transfer speed, and the availability of the service in your region.

Additionally, be mindful of the recipient's preferences and the local banking infrastructure, as some countries may have limited options for receiving international transfers.

To compare your options for international money transfers, use CompareRemit's comparison tool and find a provider that best fits your money transfer needs.

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The card carries the issuer name such as MasterCard, Visa, or Discover.Are Paycards Good, and Who is it For?A pay card can be used to pay an employee who does not have a bank account. Paycard holders or employees can cash out from paycards at a bank, ATM, or other point-of-service locations.Employees can also pay bills over the phone using their paycard number or authorize electronic bill payments to specified companies.Employees can use paycards at any merchant, grocery store, retail shop, or gas station that accepts debit cards.Do Paycards Have Fees?By law, employees must be able to access their wages in full without any fees. They can obtain the cash at a bank teller, ATMs associated with the card issuer, pay bills by telephone, or use the card for point-of-sale purchases.However, there may be fees for electronic fund transfers or for cash withdrawals at ATMs that are not in the issuer's network. There may be fees for card replacements, balance inquiries, inactivity fees, or other reasons. The Consumer Financial Protection Bureau issued a rule in April 2019 that paycard issuers must disclose all the fees to cardholders.Employees must be informed of the potential fees. The paycard issuer is required to give you disclosures on such fees before you sign up for a paycard or a payroll card.Also, paycards are regulated by state laws, so you might have to check for additional details depending on your state. Some states are making efforts to reduce fees that affect employees.As you can see, paycards fees mostly affect employees. In the case of direct deposits, employers are the ones who have to pay fees for setting up the payroll distribution system and a transaction fee for each time they transfer wages into an employee's account. The payroll software may also charge a fee for their service.Can Employers Save Money When Using Paycards?Since paycards are reloadable cards, employers can have the banks reload the paycards with their employees' wages for the pay period, avoiding the costs and hassle of issuing paper checks, mailing them, or re-issuing lost checks. The savings may not be a substantial amount but they can add up gradually.Can Employers Choose between Direct Deposit and Paycards?While there is no mandate that employers can only offer either direct deposit or paycards to their employees for their wages, it is safe to check with your state's law on payroll distribution.One-third of states allow employers to require employees to have bank accounts for direct deposit. In such a case, paycards may not be needed. Also, there is no law preventing employees with bank accounts to opt for paycards as their payment option.Though generally, employees tend to prefer direct deposit because of its efficiency and the least costly method of payment, as a business owner or an employer, it is better to give options instead of imposing only one method.Ask your employees about their preferred method of payment and what benefits (convenience, low fees, etc.) serve them the best.In fact, Federal law requires employers to offer alternative payment methods like paper checks or direct deposits.Should Employer Provide Pay Stub?Pay stub provides details of the employees' pay for each pay period. Employers are not required by federal law to give employees their pay stubs. However, many states have laws that require some form of written pay statement.Even if your state doesn't need you to provide pay stubs, you are still required by the Fair Labour Standards Act to keep track of your employees' working hours.For employees, a pay stub gives a record of their wages, deductions, contributions, and other information. It is also proof of income or employment, which is often needed when applying for a loan, credit card, or housing.For employers, a pay stub is useful for tax purposes, and it can be used to resolve any discrepancies with employee pay.Is it Possible for Paycards to be Overdrafted?Usually, paycards works like debit card, allowing cardholders to withdraw up to the limit of the loaded amount. However, there are paycard that allows overdraft for employees. But it can come with hefty overdraft fees if employees use funds over the limit in their account. Usually, you should be able to prevent misuse by subscribing to an overdraft protection service.Will Paycard Affect Credit Score?Paycards, like all prepaid cards, do not affect an employee's credit score.What is a Paycard Gets Lost or Stolen?A replacement card can be issued in such cases. The employee needs to notify the employer, and then the employer should immediately notify the card issuer. The employee is not liable for the incident as long as the issue is timely reported. Paycards come with similar protection as that of a prepaid card.The reporting time is determined by the card issuer. If you wait longer to report after learning of the loss and theft, the fraudulent charges may increase. You may have to pay a fee for the replacement card.Pros and Cons of PaycardsProsA win-win situation for unbanked employees and their employers.Green alternative to paper checks.Immediate payment to employees.No hassle of cashing a paycheck.No monthly or maintenance fees.Added security when assessing their funds (paycards require a PIN).Employees can report to the issuer if funds are used unauthorized.Paycards can be reloaded during each payday, saving money on issuing paper checks.Added efficiency for the employer as the employer would not have to physically present or mail paychecks to unbanked employees.ConsEmployees may incur fees for several reasons. Be aware of such potential fees.Employers have certain responsibilities to educate employees about the usage of paycards.Limited range of services and flexibility in managing your funds compared to bank accounts and other prepaid cards.The best paycards programs are easy to set up, have lower fees, quick access to funds, and provide a range of benefits such as cashback and discounts. We have made a list of popular paycards providers for businesses:Wisely Paycard by ADPOnline portal and mobile appCompatible with Apple Pay, Samsung Pay, and Google PayZero cost sign upNo hidden feesNo credit checkNo overdraft feeZero cost direct deposit of pay and other sources of income (including government benefits)Accepted wherever Visa is acceptedKeep track of spending and account balances 24/7 on the appGet cash back at major retailersSurcharge-free ATM withdrawalsFDIC insuredSecurity features include instant card lock, purchase protection, and travel alert notificationsRapid PaycardDirect Deposit onto rapid paycardLoad funds from approved checks with Ingo Money mobile appsNo fee for cashing paycheck24/7 account access with rapid! Access mobile appNo credit checkCan be used at ATMs, merchants worldwide, wherever Debit Mastercard or Visa debit cards are acceptedPay bills and make purchasesBook airline and hotel reservations onlineEarn interest on savings accountGet cash back rewardsFDIC insuredMoney protected with Zero Fraud LiabilityKittrell PaycardNo fees to use (there are fees for certain situations)Fee-free ATM network with MoneyPassWebsite and Kittreall AppGet real-time alerts and push notificationsCash back at point-of-sale terminals2-way texting to manage your card and accountCompatible with Apple Wallet, Google Pay, Samsung PayEasy portability (Get direct deposit of stimulus checks, tax refund, benefits)Freeze or unfreeze card on-demandSkylight PaycardZero sign up feeNo credit checkNo minimum balance Personalized your card with a family photo or unique imageManage money anywhere on Mobile AppDirect deposit your government benefits, tax refundsUse anywhere where Visa Debit & Debit Mastercard are acceptedFDIC insuredZero liability protectionPay bills onlineEarn interest on savings accountEarn cash back with Payback RewardsSend money to or receive money from friends and family with Netspend cardsSet text alerts about transactionsRefer a friend and boost your card balanceSkylight overdraft limit is $100 & 3 times/ monthConclusionOverall, paycards can be convenient and cost-effective for employees and employees when compared to paychecks or for those employees with no bank account. And the paycard fees are becoming more transparent and competitive.While paycards can be challenging at times, especially when you are employed in multiple jobs and have a separate paycard with each employer, your funds are scattered in multiple cards so it becomes difficult to manage your finances. Some may prefer to put all their money in one place, like a checking account.However, if you can't open a bank account, a paycard is a great option to get paid. Read the fine prints before signing up for a paycard and know the potential fees that come with it.

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