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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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Rosie Russell
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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.
Data updated regularly
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
OFX
24 hours
$0
Go to site

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OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0
Go to site

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)
Go to site

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
XE
Within minutes
$3
Go to site

View details
XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit
WorldRemit
Within an hour
From $1.99
Go to site

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Wise (TransferWise)
Within an hour
From $2.26
Go to site

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Instarem
Instarem
Within an hour
$1
Go to site

View details
Exclusive: Use code GET60 and save $30 on each transaction over $200. Valid for the first two transactions and till 31st July 2021. T&Cs apply.
Instarem offers zero transfer fees on all transfers.
Remitly
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers
Go to site

View details
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.
Western Union
Western Union
Within an hour
From $0
Go to site

View details
Western Union sends money online to friends and family in 200+ countries around the world.
MoneyGram
MoneyGram
Within an hour
From $0
Go to site

View details
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
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10 Responses

    Default Gravatar
    SamJune 24, 2019

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

    Reply
      Avatarfinder Customer Care
      JhezJune 25, 2019Staff

      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

      Reply
    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

    Reply
      Avatarfinder Customer Care
      nikkiangcoDecember 11, 2018Staff

      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

      Reply
    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?

    Reply
      Avatarfinder Customer Care
      CharisseOctober 26, 2018Staff

      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

      Reply
    Default Gravatar
    edmondMay 1, 2018

    what is the transfer limit for popmoney

    Reply
      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

      Reply
    Default Gravatar
    BluWolfMarch 20, 2018

    What does under review mean with popmoney?

    Reply
      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

      Reply
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