By Mohammed Waseem
Money transfer apps have increased in number, which has made our lives easier. Anywhere we are, we can semd money to anyone, right from our smartphones. USAA, an organization that offers financial products and services to the military community and their families. Founded in 1922, the organization has grown to serve millions of people with competitive financial products and services.
Most of the services are available to the members of the US military and their families but some financial planning and investment products are available to the public. Among these products is the online money transfer service which one can access on Android or iOS smartphones through the USAA Mobile app.
The app can be used for most of the services offered by USAA including money transfer, bill payment, deposit checks, manage investments, etc. For sending money, one does not need to be a member of USAA. One needs a savings account or a checking account with the organization, which is at least 30 days old, in order to be able to transfer money from their mobile app. Money can be sent to anyone who has an email or a mobile number. Up to $1000 can be sent in one day, with a limit of three transactions daily. Through email, money can be sent to recipients in over 66 countries listed here, where PayPal is accepted. Throuhg a mobile number, it can only be sent to residents in the US.
Recipients who are USAA members receive the money instantly into their account with the organization. Non-members receive the money into their PayPal accounts. If they don’t have a PayPal account, they receive instructions from PayPal on their email or phone to create a new account and claim their funds.
The app can be downloaded from the respective app stores for Android and iOS and money can be sent immediately if one already has an account with USAA.