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Popmoney review: Safety, fees, and step-by-step guide

Connected to approximately 1,700 banks nationwide, business owners and individuals are turning to Popmoney to send cash.

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How Does Popmoney Work?

Setting Popmoney Up

To set up Popmoney, you have to sign up at your bank’s website or at Popmoney’s site. Popmoney’s personal payment service goes directly from bank account to bank account, but it doesn’t work with every bank. Check with your bank before signing up for Popmoney.

Sending Money on Popmoney

Popmoney charges a flat $0.95 per transaction. To send money, you can either go to Popmoney’s website or download their app to your phone. Then, enter the email address or phone number of whomever you’re sending money to – they don’t need to have a Popmoney account. They’ll get notified to deposit their money, enter their bank account information and the money will be directly transferred there.

Requesting Money on Popmoney

Requesting money works a lot like sending money. From your Popmoney account, enter the email address of phone number of whomever you’re sending money to, they’ll enter their debit card information and the money will go directly into your account.

Popmoney get started screen

Is Popmoney safe?

Popmoney has not suffered any outright security breaches, however information regarding the specifics of their security systems are sparse. Apart from verifying the account using SMS or email verification codes, Popmoney tends to skirt questions regarding how they protect user information. While most money transfer services assure their users their information is encrypted, Popmoney does not mention it anywhere.

Popmoney is also particularly susceptible to scams – you may receive texts or emails from your “friends” requesting money and payment information. If Popmoney doesn’t encrypt information, hackers can easily access who you’ve sent money to and create fake, but misleaading email accounts in their names. Plus, Popmoney doesn’t provide buyer protection like some other money transfer services (such as Venmo) do.

Pros:

  • It’s easy to use! Especially for those who are not particularly smartphone savvy (or don’t have a smartphone at all), you can easily manage all of your transactions on a computer.
  • The people you send the money to don’t need to have a Popmoney account – just a bank account and an email or phone number.
  • Money moves directly from bank account to bank account. Unlike services like Venmo, there is no middle account to transfer money in or out of.

Cons:

  • As with PayPal, sending money through any email service is susceptible to scams. That’s one of the reasons why choosing a trustworthy source, like Popmoney is so important.
  • They charge a flat $0.95 fee per transaction.
  • It can take awhile. Transferring from bank to bank can take several business days.
  • You can’t transfer money internationally. If this is what you’re after, check out our guide on sending money overseas for more options.

Compare Popmoney to other providers

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
1 - 12 of 12
Name Product USFMT Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Instarem  logo
24 hours
From 0%
New Instarem customers will get a special FX rate and zero-fees on their first transfer.
Instarem offers offers rewards on every transaction.
Wise logo
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
MoneyGram  logo
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Airwallex
Airwallex logo
Within minutes
$0
After spending $15k in your first 90 days, receive a one-time $500 bonus that will automatically be credited to your account on any FX conversion.
Airwallex can help you make business payments to 150+ countries in 60+ currencies.
OFX logo
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer  logo
24 hours
$0
Increase business efficiency with zero transaction fees and same-day transfers.
Xe logo
24 hours
$0
Save your time and money with Xe Money Transfer for business.
OFX logo
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Currencies Direct  logo
24 hours
$0
Minimizes costs of international transactions and offers custom solutions for business clients. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
Xe logo
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
CurrencyTransfer  logo
24 hours
$0
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Currencies Direct  logo
24 hours
$0
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
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Name Product USFMT Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
OFX logo
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
Xe logo
Within minutes
From $0
Xe has fast transfers with low fees and a range of foreign currency tools.
MoneyGram  logo
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Instarem  logo
24 hours
From 0%
New Instarem customers will get a special FX rate and zero-fees on their first transfer.
Instarem offers offers rewards on every transaction.
Xe logo
24 hours
$0
Save your time and money with Xe Money Transfer for business.
Remitly  logo
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
CurrencyTransfer  logo
24 hours
$0
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
WorldRemit  logo
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
OFX logo
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
PayPal logo
Within minutes
$0
Provides business solutions for small business owners in over 24 currencies worldwide. Try 3 months free of Spotify Premium when you sign up with PayPal.
Wise logo
Within minutes
From $8.16
Enjoy high maximum transfers into more than 40 currencies, while saving up to 90% over local banks.
Wise logo
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
Wise logo
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies.
CurrencyTransfer  logo
24 hours
$0
Increase business efficiency with zero transaction fees and same-day transfers.
WorldRemit  logo
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
CurrencyFair logo
24 hours
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
OFX logo
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
CurrencyFair logo
24 hours
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Remitly  logo
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Remitly  logo
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Remitly  logo
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
PayPal logo
Within minutes
From $0
Use PayPal to safely send money and receive payments from around the world in over 25 currencies with just an email address or mobile number. Try 3 months free of Spotify Premium when you sign up with PayPal.
Xe logo
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
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Rosie was a writer at Finder, specialising in international money transfers. See full bio

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10 Responses

    Default Gravatar
    SamJune 24, 2019

    How can I pull out money at an ATM using a cardless transaction?

      AvatarFinder
      JhezJune 25, 2019Finder

      Hi Sam,

      Thank you for your comment.

      Just to be clear, you can’t withdraw money from PopMoney using a cardless ATM transaction. Anyway, in regard to cardless ATM transactions, these actually vary per bank if they have this feature available. The cardless cash feature can be retrieved from your bank’s app, generally. Kindly refer to our cardless ATM article to get more details about this feature.

      Regards,
      Jhezelyn

    Default Gravatar
    ChitranshDecember 6, 2018

    How i send and transfer Money to Philippines from INDIA is there any way plz tel m and help me

      Default Gravatar
      nikkiangcoDecember 11, 2018

      Hi Chitransh,

      Thanks for getting in touch! Unfortunately, we don’t have a comparison page with a list of brands that allow you to send money from India to the Philippines. The companies listed above are available to people in the US only. You might want to check the money service providers available in India.

      I’m sorry I couldn’t be of more help to you at this time. Feel free to email back if you have questions.

      Cheers,
      Nikki

    Default Gravatar
    PaulOctober 26, 2018

    Is it possible for someone who sends me money using this, to possibly steal or take money from my account without me wanting them to?

      AvatarFinder
      CharisseOctober 26, 2018Finder

      Hi Paul,

      Thanks for reaching out to finder.

      For any information sent to the Popmoney® personal payment service, they keep it highly secure by using an industry-leading technology to protect their users. Also, in sending or requesting money, you and your contact will never exchange financial account information so no one will be able to access your account, aside from you. They will only be notified by email or text message that you wish to send money or are requesting money from them.

      For more information on how secure your financial and personal information is, you can refer to Popmoney’s security page which you can find on their website.

      I hope this helps.

      Cheers,
      Charisse

    Default Gravatar
    edmondMay 1, 2018

    what is the transfer limit for popmoney

      Default Gravatar
      joelmarceloMay 2, 2018

      Hi Edmond,

      Thanks for leaving a question on finder.

      For Debit card it will be $500 per day and $1,000 per 30 days. From your bank account it will be $2,000 per day and $5,000 per 30 days.

      Cheers,
      Joel

    Default Gravatar
    BluWolfMarch 20, 2018

    What does under review mean with popmoney?

      Default Gravatar
      joelmarceloMarch 22, 2018

      Hi BlueWolf,

      Thanks for leaving a question on finder.

      Popmoney reviews all transactions to help sellers avoid risk. If they think that a payment might be risky or fraudulent, they’ll review it and ask you to wait until their review is complete before shipping. The review process usually takes less than 24 hours, but sometimes can extend to 48 hours. Money transfer usually take within 3 business days.

      Cheers,
      Joel

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