Venmo International Transfer Fee

In fact, it’s so popular, the word Venmo is now not just a company name, but a verb - as in, “You forgot your wallet? No worries, just Venmo me your share of the bill. The company now expects greater than $100 million. expected to reach $90b by 2017, this represents a huge opportunity that Venmo is well positioned to capture. If it wasn’t for the check cashing fees, the Regions Now Card could be competitive. Minimum amount is $25 USD and maximum is $10,000 USD in a single deposit. Supporting over 300 currency routes, TransferWise is a great platform for sending money abroad. Will Venmo transactions be covered by PayPal's Seller Protection Policy? Yes, the PayPal Seller Protection Policy will apply to Venmo-funded transactions received through your PayPal account. According to Venmo, the positive response from customers to this policy has meant that the firm will now enhance this. Another way to avoid PayPal fees is to ask your clients to pay the fees instead. Click deposit now and then the person to person supplier of your choice in the cashier. Keep in mind that all of these apps do have some similarities, including the ability to link a debit card or bank account in order to add funds so you can pay people (as well as transfer funds back to your bank account). Modern FinTech technology enables consumers and businesses to transfer money cross-border in a secure, easy, fast and cost-effective way. ) Try the. In it’s first year using Venmo, my high school, the Charles E. This means that sending $500 from the US to France might cost you as much as $50!. They also support credit cards (with a 2-3% fee). In a blog post, Venmo said: "Transfer speed depends on your bank and could take up to 30 minutes. How to Transfer Funds Internationally. 2/18/16 11:48am he’ll have to transfer it out of Venmo and wait a day or two for the money to snake its way to the bank. 9 percent of the total. I have heard of people saying it takes three days but what bank is that? I send/receive all around the world in small and large amounts and it happens within a day Anyways, you can't stop it. You may pay a fee for using your Venmo debit card at an ATM or through a bank teller to withdraw cash. Venmo doesn't provide any buyer or seller protection, so we recommend using this platform only with people you know and trust. Opens modal dialog. Zelle offers the ability to transfer funds immediately since it is run through your bank. New startups are aiming to do for international payments what Venmo and others have done for domestic transactions: make transfers mobile, painless, and social. Venmo Money Transfer does not charge a processing fee but you can choose to pay a premium fee to send your money faster. In order to facilitate your payment, other banks may convert the payment or impose additional fees or charges. You’ll also be hit with a $0. If you haven't yet heard of Venmo, you certainly must have heard of PayPal. Oct 24, 2016 · Venmo, for instance, only charges a fee (3%) if you're using a credit card to send money. 6% service fee) or you can start your own swap request (1. It allows you to tap into your account manager’s experience with international banking. Back to top Q. The fee to request a transfer to an international account via Internet Banking is $10 to transfer to an overseas account in foreign currency or $20 to transfer to an overseas account in Australian Dollars. 9 percent plus 30 cents. New startups are aiming to do for international payments what Venmo and others have done for domestic transactions: make transfers mobile, painless, and social. Standard transfers are free, however there is a charge of $0. At Top10MoneyTransfer. Users can also transfer funds using a credit card, but this initiates a 3% transaction fee. Learn all about the instant money transfer app taking the US by storm. PayPal is a strong solution for fee-free direct domestic transfers to other PayPal accounts. 5 to 2 percent for bank account transfers and 3. Find the top news online at ABC news. expected to reach $90b by 2017, this represents a huge opportunity that Venmo is well positioned to capture. According to Business Insider, the global market for peer-to-peer transfers and remittances is now worth well over $1 trillion. Jun 12, 2017 · Mr. Fast & secure international money transfer from CNN. PayPal rules for paying online, but some are sick of the fees. Here is the list of most widely recognized international money transfer apps for iOS and Android used across various countries. The fee for ATM withdrawals is $2. 95 a month, plus a $0. Instead the cost varies depending on the amount you transfer. You can receive money from within USA (Domestic Wire Transfers) or from a foreign country (International wire transfer). You can still move the funds the old way for free; it will just take longer. Latest News about Venmo American Express Impresses Analysts With International, Digital Strategies Venmo bumps up instant transfer fee to 1 percent of the. What types of accounts are eligible for external transfers? A. This means that sending $500 from the US to France might cost you as much as $50!. No setup or account maintenance fees. PayShare is powered by Venmo. For the client side, we use PayPal Business Payments (no credit card option and 50-cent flat fee), and for The Write Life, we use PayPal Payments Standard (has a credit card option, as well as a 2. If you are outside of Tanzania, then you will have to do an international SWIFT wire transfer. 9%) — but PayPal may still be your best option, because many services won't send money outside the country. What Is Venmo, Does It Have Fees, and Is It Safe? All You Need to Know The company also charges you 25 cents if you choose an instant transfer of your Venmo balance to your bank account. No fee for online customer service. 5 points or miles per dollar on travel purchases. This obviously hinders its popularity on an international stage. Track and share what you bought, and split with Venmo friends later. Venmo charges no fees for your inbound transfers from bank accounts, debit cards, and prepaid cards, and withdrawals are free, but only offered to a bank account. Those merchants will be charged a small fee for each transaction. Venmo, Square Cash, Google Wallet and PayPal. For international money. SHOP WITH VENMO MASTERCARD Apply for the Venmo card in the app, and take your Venmo balance shopping everywhere Mastercard is accepted in the U. However, Venmo recently added "instant" transfers to its services for a small fee, aligning its services more closely with Zelle's. "premiere" where you can accept credit cards, etc. Fees here can typically range from $0 for incoming domestic transfers to $65 for outgoing international transfers. Cash App , formerly Square Cash, allows you to send up to $250 within any given seven-day period, and receive up to $1,000 per 30-day period. 30 per transaction for American Express cards. com’s move enables businesses using its International Payments solution to pay through its. On November 2, 2018, we wrote an article on our data point that Venmo transactions using the Chase Ink Preferred (CIP) card earned 3x Ultimate Rewards (UR) points. Latest News about Venmo American Express Impresses Analysts With International, Digital Strategies Venmo bumps up instant transfer fee to 1 percent of the. This may sound familiar- and it is. Swapsy gives you the option to choose from an existing swap request, which is faster (immediate matching) and cheaper (. The opt out rule is a federal regulation - Regulation E 12 CFR 1005. ATM balance inquiry $1. How does CurrencyFair work? CurrencyFair. OFX has low ‘fee free thresholds’ that means you are not charged the fee when you transfer over that amount. This transfer process takes just a few minutes, and the fee is 1% – although there is a minimum fee of $0. Sending a payment through Venmo is also free if you use a linked bank account, debit card, or your Venmo balance. 99 once your identity has been confirmed) on the amount you transfer. With this you can avail first fee free transfer up to $4500 or £3000 or 4000 euro. Receiving a payout from Bovada through Western Union is the fastest payout option available to U. Transfer money online securely and easily with Xoom and save on money transfer fees. International wire transfers may take a few days. The money is typically available in minutes. Both parties need Google Wallet for the transfer to take place. It currently costs nothing to withdraw funds to a bank account linked to your Paypal and that isn’t changing. 5% fee of the deposit amount, PayPal and Venmo both offer instant transfers for $0. Less of a household name, but well worthy of its place in our list, is Azimo, which has apps available in Google Play and Apple's App Store for its international money transfer service. It's that easy and that simple. Stop Using Venmo. Download the WorldRemit app today to see the easy, convenient and low cost way to send money instantly to over 140. Bank of America, N. Although, PayPal doesn't have any plans to expand its Venmo monetization. For example, while it is free to withdraw money from a MoneyPass ATM, other ATMs will incur a $2. in credit cards you can get lower rates, and that is a pre-qualified application based on your average monthly charges. Popmoney is slower, and it can take several days for money to arrive in your account. Venmo is a widely used app for paying friends or others digitally on a mobile device. You can refuse the foreign ATM conversion and be assessed the 3 percent Bank of America international transaction fee instead. The fees charged are in the 70 USD range for the amounts sent to me. Note: All money remittance transactions initiated by U. PayPal is the long-standing, trusted payment service that came to prominence as a payment. As noted above, instant transfers with Venmo and Square Cash incur associated fees. Bonus: Sign up here and mention Tokyo Cheapo—they'll give you a special account with NO transfer fees. What is the cheapest way to send money to Jamaica? • Exchange rates may vary based on the method used to pay for the transaction, the payout method, and the send and receive locations. The answer is none of them. Using Venmo with Siri on an iPhone X resembles doing so with Apple Pay and a few other apps: When I told Siri to pay a coworker $5, the response screen let me choose among Venmo, Apple Pay, Cash. Quoted rates based on a single transfer of USD $20,000 to EUR. Wire transfers are just one more product where BECU members enjoy the concept of "fewer fees" firsthand. No to bank account fees, yes to peace of mind. 25 fixed transfer fee, which stands between a rapid money transfer and a delay of days. CurrencyFair charge a fee of €3/£2. Transferwise. I'll explain why, but first Why I unlinked Venmo from my bank account | TechnoBuffalo. There is no additional cost to accept Venmo. The fees: Free. 99 over a seven-day period. Cash App , formerly Square Cash, allows you to send up to $250 within any given seven-day period, and receive up to $1,000 per 30-day period. If you are using your bank account or debit card to connect to Venmo, your transactions are free - but, if you are using a credit card or are a business using Venmo, you will have to pay a 3% fee. The price of a wire transfer is dependent on two factors: whether it is incoming or outgoing, and whether it is a domestic or international transaction. You can easily send and receive money to and from your friends and family without any hassle. Only accept a Venmo as payment or reimbursement from someone you know wouldn’t write you a bad check. How to choose a money transfer. Track and share what you bought, and split with Venmo friends later. Also, transfers take few days of processing 2-3 and transfer rate is good. 9% general transaction fee, and Venmo charges $0. The fee is $4. The price of a wire transfer is dependent on two factors: whether it is incoming or outgoing, and whether it is a domestic or international transaction. Problem scenarios. Adam Clark Estes. It is licensed and owned by PayPal and so supports all Paypal transfer services. If you send money using your Venmo balance, bank account, debit card, or prepaid card, fees are waived, so it’s free. The main difference with a credit card wire transfer is that the money sent is on credit — instead of in cash — and usually comes with added fees and interest. Bank of America, N. PayPal international fees is quite complex but you can also save a lot of money if you know how it works. I am not associated / affiliated to them in any way. Get cash back, miles and more. Download the iOS or Android app. But now, thanks to World First and Android Wear, you can send money overseas with a few simple swipes and taps of your smartphone. Highlights:. Venmo: Both Venmo and Due allow you to link a credit card, debit card, and bank account to the platform and send money only using an email address. offers instant access to transferred funds for a 1. When it's over $1000, they charge a $25 wire transfer fee, and $15 on the receiving end. USD Coin A USD-backed stablecoin from Circle and Coinbase SeedInvest With this Circle affiliate, you can own a piece of your favorite startups Trade Move $100K+ of crypto with our principal OTC desk Circle Invest The easiest way to invest in 13 crypto coins (just $1 to start!) Get the app. You can send an international money transfer in person, by phone, website or mobile app. Venmo is a peer to peer platform that charges no fees to transfer money among friends. How will I know if someone sends me money using Popmoney? If the sender sends the money using your email address or mobile phone number, you will receive an email or text message with instructions on how to deposit the payment into your Eligible Transaction Account. As a DP I loaded a standard AMX business gift card from the AMX portal and it was treated as debit. PayPal offers the ability to transfer money to and from any U. You may pay a fee for using your Venmo debit card at an ATM or through a bank teller to withdraw cash. If you are outside of Tanzania, then you will have to do an international SWIFT wire transfer. Follow the prompts there to obtain instructions on how to execute the transfer. Transfer or withdraw money from your Venmo account and there are no fees. Google Pay. Venmo can also take up to three days for delivery, depending on how quickly the sending and receiving banks process your payment. Transaction Fees. Wire Transfer Fee. Their new app is free to download and allows users to transfer as much as $500 for a $5 fee. Fees depend on the bank, but it could be free. Never send money to strangers with a money transfer app tied to your bank account. To be fair, though, Facebook doesn't allow for credit card transactions at all, and Venmo doesn't charge you if you want to transfer money to a bank account. Transfer money sent to you to a U. Sources: Apple in talks with payments industry partners to launch Venmo-like P2P money-transfer service; one source says service could be announced this year — Could the money-transfer service be called Apple Cash, perhaps? — Apple's on-again, off-again flirtation with building …. You may also be charged an additional fee by the ATM operator. In addition, PayPal charges a payment receiving fee which is deducted from the payment at the time it's received. A stop payment on a paper check, Bill Pay, or Mail a Check is $25. Is he on crack?. (NASDAQ: PYPL) today announced first quarter results for the period ended March 31, 2019. Learn why we're a trusted money transfer service with thousands of 5-star reviews. 5% bank fee. For more from #TransformTuesday, follow @Transformsays. And believe a no fee checking account should be available to everyone. Instead of a flat $. Enjoy great international exchange rates and low fees so more of your money goes to your loved ones overseas. Reg D Chart Limitations on Withdrawals and Transfers from Savings Deposits: Reg D is all about correct calculation of reserves. They also support credit cards (with a 2-3% fee). Venmo is a payment processing company. BOSS Revolution makes it simple & cheap to stay in touch with loved ones, with high quality international calling, mobile airtime top ups & money transfers. Stop Using Venmo. Make sure you get this in writing as part of your contract. Learn more about BB&T credit cards. The fee for ATM withdrawals is $2. We’re good. Lack of standard transfer fees leaves users vulnerable to exorbitant bank charges. The sender decides which party pays transaction fees. This fee may vary and OFX receives no portion of it. Has anyone used Venmo or Paypal for personal international money transfer and had to pay fees?. Will Venmo transactions be covered by PayPal's Seller Protection Policy? Yes, the PayPal Seller Protection Policy will apply to Venmo-funded transactions received through your PayPal account. You’ll also be hit with a $0. PayPal alternatives like Venmo, Dwolla, and Google Wallet let you pay anyone with your phone. Buying goods or sending money personally is free, but selling has a fee that starts at 2. MoneyGram Global Money Transfer Services. Other top responses from non-users were they didn’t want to incur fees and they didn’t trust the process. If your Venmo card is tied to your debit card and a transfer caused an overdraft at your bank AND you opted out of OD coverage, the bank CANNOT charge a fee. The Venmo card could come in handy for people who need access to their Venmo funds quickly and don’t want to pay the instant-transfer fee. Sending money from your Venmo wallet or a connected debit card or bank account is free, and receiving money is free—you only pay (a 3% fee) if you want to send money from a credit card or non. com and we will email you an invoice to make the payment online via Square. PayPal alternatives like Venmo, Dwolla, and Google Wallet let you pay anyone with your phone. That's the costliest money transfer fee on this list, but PayPal is also the only app that lets you send money to people who aren't in the US. Venmo, the popular peer-to-peer payments application, and its fee structure—or lack thereof—has been subject to a fair amount of interest in recent years, especially as it has come to dominate the market, especially among millennials. However, just like with Venmo, Square Cash, and other mobile payment processors, there are some hidden fees, limits, and other fine print you need to be aware of. SHOP WITH VENMO MASTERCARD Apply for the Venmo card in the app, and take your Venmo balance shopping everywhere Mastercard is accepted in the U. Venmo now allows users to transfer money from the app to their banks in real time, according to CNBC. ELECTRONIC FUND TRANSFER ACT The Electronic Fund Transfer Act (EFTA) (15 USC 1693 et seq. Lack of standard transfer fees leaves users vulnerable to exorbitant bank charges. To get started with your money transfer, select the country you want to send money to. 99 at first, rising to $2,999. PayPal Instant Transfer: If you need to get money from your PayPal account into your bank as soon as possible, PayPal Instant Transfer will do just that. Sources: Apple in talks with payments industry partners to launch Venmo-like P2P money-transfer service; one source says service could be announced this year — Could the money-transfer service be called Apple Cash, perhaps? — Apple's on-again, off-again flirtation with building …. Withdrawing from Venmo, Venmo deducts 1% of the transfer amount for Instant Transfers of cash out of Venmo, with a minimum of 25 cents and a max of $10. I have clients in Turkey that send me money via international bank transfer. Modern FinTech technology enables consumers and businesses to transfer money cross-border in a secure, easy, fast and cost-effective way. Now that we’ve covered our favorite and easy freelancer payment methods, we want to hear from you. 25 and a maximum one of $10. Keep in mind that all of these apps do have some similarities, including the ability to link a debit card or bank account in order to add funds so you can pay people (as well as transfer funds back to your bank account). Learn more (261 KB – PDF). Why? When we process your ACH/eCheck payments, we don’t have to shell out a portion of your fees to credit card companies like Visa®, MasterCard®, Discover® or American Express®. Venmo also offers a nudge feature in which users can remind friends about missing payments without having to ask. MoneyGram makes it easy to send money internationally online or in person; for cash pick-up or direct to a bank. Digital Payments Zelle P2P Volume Grew To $28 Billion In Q2, Against Venmo’s $14 Billion Venmo, the P2P service owned by PayPal, took in more than $14 billion in payments volume during the second quarter of 2018,. USAA Bank (User+Pass+PIN) Suntrust Bank (User+Pass) Bank Of America (BOA) ( User name + Pass + SiteKey + PIN + Card Info) Wells Fargo ( Username + Password + Pin) Wachovia ( User name + Password + Pin + Full Info ) Chase (User name + Password). PayPal wants to stick to its bread. over allegations that the company told users of its Venmo peer-to-peer payment service that money credited to their Venmo balances could be transferred to external bank accounts without adequately disclosing that the transactions were still subject to review and that funds could be frozen […]. The app allows you to send and receive money fast and easy, and there are no exchange fees. The fees continue to go up, with $201-$400 set with a $30 fee, $401-$600 a $45 fee, and finally, $601-$800 with a $60 fee. Other top responses from non-users were they didn’t want to incur fees and they didn’t trust the process. However, to answer your question, "who pays the credit card fees" - when a buyer is making a purchase with their credit card they do not pay a fee the seller only pays the normal PayPal transaction fees. PayPal offers the ability to transfer money to and from any U. SHOP WITH VENMO MASTERCARD Apply for the Venmo card in the app, and take your Venmo balance shopping everywhere Mastercard is accepted in the U. The firm charges for some services, such as instantly transferring money from a Venmo account to a debit card. Some financial institutions, such as USAA, Capital One 360 , and Fidelity , even make domestic wire transfers free when certain conditions are met. * Standard transfers made using your linked bank account are always free and are usually deposited the next business day. PayPal international fees is quite complex but you can also save a lot of money if you know how it works. Receiving money through Venmo is free. All banks have a swift code that is used for international transfers. 5 points or miles per dollar on travel purchases. Bank account transfer. Since Chase QuickPay allows you to save the information of contacts you transfer money with, you can eventually build up a list of frequent recipients that won't take up extra time to look up. Money transfers to Chase credit accounts are reflected in the Chase deposit account as soon as the transfer request is received by Chase but will not be reflected in the credit account on Chase Business Online until after the cut-off time on the transfer date (or until after the cut-off time of the next bank business day if the transfer request. Transfer or advance fees apply, but it may help you avoid more expensive fees. 25 fee for each instant deposit, but standard ACH transfers are free. Venmo also charges a 3% transaction fee for using credit cards. Best thing is the exchange rate is same as market rate for the referral I am sharing below. -based bank account and many foreign accounts. Venmo, on the other hand is free for standard transactions (that take 1-2 days to process to your bank), but charges a 25-cent fee for instant transfers. Foreign Transaction Fee. Square for WooCommerce. Reg D Chart Limitations on Withdrawals and Transfers from Savings Deposits: Reg D is all about correct calculation of reserves. 5% fee of the deposit amount, PayPal and Venmo both offer instant transfers for $0. (6/8/17) FintekNews is reporting that ApplePay Cash, launching this fall, hopes to take a bite out of Venmo with its new digital money transfer service. And sure, while there is a fee to initiate a transfer, the fee is minimal in comparison to many other financial institutions. If you want to stick to more old school methods of transferring money, you can look into money orders or bank drafts. Whether it's between your own accounts or you need to transfer money to or from someone else, we have you covered. It'd be a shame to waste one on a $5 test. 9 Step Guide to Getting the Best International Wire Transfer Rates Whether you are sending or receiving funds, you may be losing hundreds of dollars in fees and poor exchange rates. It is licensed and owned by PayPal and so supports all Paypal transfer services. Cash transactions are not more convenient as there is a risk of theft if it is of the big amount so there are some best payment apps that may help you to transfer money to anyone within a blink of an eye. The Cash App, by Square, Inc. Money Transfer Showdown: Square Cash vs. Why? When we process your ACH/eCheck payments, we don’t have to shell out a portion of your fees to credit card companies like Visa®, MasterCard®, Discover® or American Express®. But you are sending money through Credit card then it will be charged 3% standard rate and this charge in PayPal is 2. WORLD FIRST. Registration is free of charge. Wire Transfer Fee. It also pulled the plug on its instant transfer feature, which allowed users to send funds to their bank accounts within half an hour. According to Venmo, the positive response from customers to this policy has meant that the firm will now enhance this. Track and share what you bought, and split with Venmo friends later. When transferring funds outside the U. Options to transfer money from India to USA are limited. Modern FinTech technology enables consumers and businesses to transfer money cross-border in a secure, easy, fast and cost-effective way. bank account. A credit card wire transfer — like a regular wire transfer — involves sending money electronically from one party to another. No hidden charges. SHOP WITH VENMO MASTERCARD Apply for the Venmo card in the app, and take your Venmo balance shopping everywhere Mastercard is accepted in the U. In the app: Tap the "☰" icon in the upper left corner of the app. Online mobile banking applications also make it easy to transfer money from one account to another using a smartphone or desktop computer. For details, please see the Bank to Bank Transfer fees in our Truth-in-Savings Rate and Fee Schedule. How will I know if someone sends me money using Popmoney? If the sender sends the money using your email address or mobile phone number, you will receive an email or text message with instructions on how to deposit the payment into your Eligible Transaction Account. Every now and then, I get random requests for money on Venmo. Opened to the. An international bank transfer is one of the most secure ways to move large sums of money across the world. The money is typically available in minutes. Transferwise. An additional 1% fee applies to transactions presented in any. Follow the prompts there to obtain instructions on how to execute the transfer. Your Venmo account may be used to pay for things online or in stores, and you may use it to transfer money to other Venmo users. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally. ©2019 Bank of America Corporation. bank account. In the second half of 2018, PayPal had 244 million active accounts worldwide. Our international partners include M-Pesa, EcoCash, MTN, Metrobank and many more. It's a light-blue app with a white "V" on it. The new fees will apply from the. You can receive money from within USA (Domestic Wire Transfers) or from a foreign country (International wire transfer). Transfer money sent to you to a U. Keep in mind that all of these apps do have some similarities, including the ability to link a debit card or bank account in order to add funds so you can pay people (as well as transfer funds back to your bank account). Individuals with Google accounts can transfer funds through Google Pay. Affordable international money transfers: OFX. MoneyGram International Money Transfer MoneyGram is a well known service for sending money worldwide. Now I go to Paypal website and it says only the seller pays for the fees. 28 shipping. There's no fee if you send the money through PayPal from your PayPal account balance or your bank account, but PayPal does charge fees for money that's sent from a debit or a credit card (2. These money transfer companies can transfer your money at the best exchange rates and the fees they charge are minimal. 5 to 2 percent for bank account transfers and 3. When it comes to fees, Payoneer charge 1% to upload funds to your account, which is a lot cheaper than many of the other PayPal alternatives on our list. There are also fees to use Popmoney, with each transfer costing you 95 cent. For customers used to Venmo's good value and convenient system, the fees and hassle associated with bank operated international wire transfers - and even services like PayPal may come as an unexpected surprise. Introducing Zelle®. The only difference is the $0 monthly fee and higher rate vs. This fee may vary and OFX receives no portion of it. When used within an Android app, Google Pay payments are considered card-not-present transactions. To wire money at ACE, simply visit one of our 950+ locations or send money conveniently online. If you have your eBay seller fees set up to be deducted from your PayPal account, eBay will remove that amount from your PayPal account. Alan Henry ease of use, and low. The Walmart MoneyCard MasterCard Card is issued by Green Dot Bank pursuant to a license from MasterCard International Incorporated. International sellers are responsible for a 3. students and whether or not they carry cash or prefer mobile money transfer apps instead. Bank and debit transfers are free through Venmo, but the service charges a per-transaction. Non-Traditional Options for International Money Transfers. 5% fee of the deposit amount, PayPal and Venmo both offer instant transfers for $0. Daily and monthly transfer limits apply and will be described within the External Transfers service. See the Cardholder Agreement for details. 9%) Now this seller is telling me I need to pay up for the 2. Since our company account is in USD, you will probably not have any foreign exchange fees (assuming you have a USD account yourself). No hidden charges. And while Chase QuickPay doesn't allow for emojis or comments on your transactions, it will transfer money just as quickly and reliably as Venmo. In other words there are no fees for sending money but there are fees for receiving (2. The reason people like TransferWise lies in. That means you pay around 30 dollars each time to transfer money. You can receive money from within USA (Domestic Wire Transfers) or from a foreign country (International wire transfer). This model is different from many transfer services because it is transparent, whereas most companies mark up the exchange rate by an undisclosed amount to create a profit margin. Also, receiving money and making purchases in other apps is always free. Opens modal dialog. The fact-checkers, whose work is more and more important for those who prefer facts over lies, police the line between fact and falsehood on a day-to-day basis, and do a great job. Today, my small contribution is to pass along a very good overview that reflects on one of Trump’s favorite overarching falsehoods. Namely: Trump describes an America in which everything was going down the tubes under  Obama, which is why we needed Trump to make America great again. And he claims that this project has come to fruition, with America setting records for prosperity under his leadership and guidance. “Obama bad; Trump good” is pretty much his analysis in all areas and measurement of U.S. activity, especially economically. Even if this were true, it would reflect poorly on Trump’s character, but it has the added problem of being false, a big lie made up of many small ones. Personally, I don’t assume that all economic measurements directly reflect the leadership of whoever occupies the Oval Office, nor am I smart enough to figure out what causes what in the economy. But the idea that presidents get the credit or the blame for the economy during their tenure is a political fact of life. Trump, in his adorable, immodest mendacity, not only claims credit for everything good that happens in the economy, but tells people, literally and specifically, that they have to vote for him even if they hate him, because without his guidance, their 401(k) accounts “will go down the tubes.” That would be offensive even if it were true, but it is utterly false. The stock market has been on a 10-year run of steady gains that began in 2009, the year Barack Obama was inaugurated. But why would anyone care about that? It’s only an unarguable, stubborn fact. Still, speaking of facts, there are so many measurements and indicators of how the economy is doing, that those not committed to an honest investigation can find evidence for whatever they want to believe. Trump and his most committed followers want to believe that everything was terrible under Barack Obama and great under Trump. That’s baloney. Anyone who believes that believes something false. And a series of charts and graphs published Monday in the Washington Post and explained by Economics Correspondent Heather Long provides the data that tells the tale. The details are complicated. Click through to the link above and you’ll learn much. But the overview is pretty simply this: The U.S. economy had a major meltdown in the last year of the George W. Bush presidency. Again, I’m not smart enough to know how much of this was Bush’s “fault.” But he had been in office for six years when the trouble started. So, if it’s ever reasonable to hold a president accountable for the performance of the economy, the timeline is bad for Bush. GDP growth went negative. Job growth fell sharply and then went negative. Median household income shrank. The Dow Jones Industrial Average dropped by more than 5,000 points! U.S. manufacturing output plunged, as did average home values, as did average hourly wages, as did measures of consumer confidence and most other indicators of economic health. (Backup for that is contained in the Post piece I linked to above.) Barack Obama inherited that mess of falling numbers, which continued during his first year in office, 2009, as he put in place policies designed to turn it around. By 2010, Obama’s second year, pretty much all of the negative numbers had turned positive. By the time Obama was up for reelection in 2012, all of them were headed in the right direction, which is certainly among the reasons voters gave him a second term by a solid (not landslide) margin. Basically, all of those good numbers continued throughout the second Obama term. The U.S. GDP, probably the single best measure of how the economy is doing, grew by 2.9 percent in 2015, which was Obama’s seventh year in office and was the best GDP growth number since before the crash of the late Bush years. GDP growth slowed to 1.6 percent in 2016, which may have been among the indicators that supported Trump’s campaign-year argument that everything was going to hell and only he could fix it. During the first year of Trump, GDP growth grew to 2.4 percent, which is decent but not great and anyway, a reasonable person would acknowledge that — to the degree that economic performance is to the credit or blame of the president — the performance in the first year of a new president is a mixture of the old and new policies. In Trump’s second year, 2018, the GDP grew 2.9 percent, equaling Obama’s best year, and so far in 2019, the growth rate has fallen to 2.1 percent, a mediocre number and a decline for which Trump presumably accepts no responsibility and blames either Nancy Pelosi, Ilhan Omar or, if he can swing it, Barack Obama. I suppose it’s natural for a president to want to take credit for everything good that happens on his (or someday her) watch, but not the blame for anything bad. Trump is more blatant about this than most. If we judge by his bad but remarkably steady approval ratings (today, according to the average maintained by 538.com, it’s 41.9 approval/ 53.7 disapproval) the pretty-good economy is not winning him new supporters, nor is his constant exaggeration of his accomplishments costing him many old ones). I already offered it above, but the full Washington Post workup of these numbers, and commentary/explanation by economics correspondent Heather Long, are here. On a related matter, if you care about what used to be called fiscal conservatism, which is the belief that federal debt and deficit matter, here’s a New York Times analysis, based on Congressional Budget Office data, suggesting that the annual budget deficit (that’s the amount the government borrows every year reflecting that amount by which federal spending exceeds revenues) which fell steadily during the Obama years, from a peak of $1.4 trillion at the beginning of the Obama administration, to $585 billion in 2016 (Obama’s last year in office), will be back up to $960 billion this fiscal year, and back over $1 trillion in 2020. (Here’s the New York Times piece detailing those numbers.) Trump is currently floating various tax cuts for the rich and the poor that will presumably worsen those projections, if passed. As the Times piece reported: