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Cash App in the UK: What You Should Know About Cash App UK

Jarrod Suda

Guide

May 4, 2023
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Cash App is a well-known peer-to-peer payment app that has gained a reputation as a reliable and convenient way to transfer money in the UK. One of the main benefits of using Cash App is that it charges no fees for sending money to other Cash App users in the UK. You can send money to friends and family instantly without worrying about additional costs.

Additionally, the app has a user-friendly interface, making it easy to use for both beginners and seasoned users. Cash App also offers a range of other features, such as the ability to buy and sell Bitcoin and receive your paycheck through the app. With Cash App's Cash Card, users can withdraw cash at ATMs across the UK.

While we recommend you compare the top alternatives for international transfers, Cash App is a reliable and convenient choice for sending money domestically in the UK.

Compare Cash App alternatives for international transfers from the UK:

Does Cash App Work in the UK?

Yes, Cash App does work in the UK. To use Cash App in the UK and send and receive money on the platform, you and your recipient must have a British bank account.

Cash App is a well-known peer-to-peer payment app that has gained a reputation as a reliable and convenient way to make domestic peer-to-peer money transfers in the UK. One of the main benefits of using Cash App is that it charges no fees for sending money to other Cash App users in the UK. This means you can send money to friends and family without worrying about additional costs.

Additionally, the app has a user-friendly interface, making it easy to use for both beginners and seasoned users. Cash App also offers a range of other features, such as the ability to buy and sell Bitcoin and receive your paycheck through the app. With Cash App's Cash Card, users can withdraw cash at ATMs across the UK. While it may not be the best option for international transfers outside of the US and UK, Cash App is a reliable and convenient choice for sending money domestically.

Cash App International Transfers From the UK

Cash App does work internationally from the United Kingdom. It is a great choice if you need to send or receive money from the US. With Cash App, you won't have to pay any exchange rate margins or transaction fees. This means your money will be exchanged at the real USD-GBP exchange rate, also known as the mid-market rate, without any additional costs.

Your recipient in the US will receive the transfer in USD. Conversely, if a US friend sends money to you in the UK, then you will receive the transfer in GBP.

Cash App International Transfer Alternatives

If you need to transfer money to or from countries other than the United States, you'll need to explore other options.

Many international money transfer providers offer low fees, fast transfers, and a great user experience to suit your needs. The best are Remitly, TransferGo, and XE Money Transfer for bank transfers.

Contrary to popular thought, Wise is not always the cheapest international money transfer provider from the UK.

On Monito's comparison engine, Wise came in fourth place for transfers originating in the UK in 2023. However, pricing and exchange rates vary constantly, so compare providers on Monito to find the best deal every time.

You can easily compare different options in real-time by clicking on this link or by reading our comprehensive recommendations for the best alternatives below.

Remitly

A world leader in low-cost international cash pickup transfers, Remitly often offers the cheapest money transfers abroad from the United Kingdom. It was the cheapest provider from the UK for 30.3% of searches on Monito in 2023.

  • Cheapest: On 30.3% of Monito comparisons for transfers from the UK to foreign bank accounts.
  • Cheapest destinations: Pakistan, Poland, India, Philippines.
  • Transfer time: 2-3 business days.
  • Recommended for: Low-cost bank transfers where time isn't crucial. We also recommend Remitly for sending money for cash pick-up and cash home delivery services because of its speed and pricing for cash-related transfers in particular
  • More info: See our Remitly review, or visit their website.

TransferGo

TransferGo is known for consistently offering the cheapest rates on international money transfers, particularly to European countries. The platform offers a wide range of pay-in and pay-out options.

  • Cheapest: On 10.7% of Monito comparisons for transfers from the UK to foreign bank accounts.
  • Cheapest destinations: US, Poland, Spain, Nigeria, Moldova.
  • Transfer time: 1-2 business days.
  • Recommended for: Fast, affordable bank transfers, especially to Poland or Turkey.
  • More info: See our TransferGo review, or visit their website.

XE Money Transfer

XE Money Transfer covers a vast scope, supporting 130 countries and around 100 currencies. It is a much-loved platform, with many glowing customer reviews.

  • Cheapest: On 10.3% of Monito searches for transfers from the UK to foreign bank accounts.
  • Cheapest destinations: India, Poland, Pakistan, Bangladesh, UAE.
  • Transfer time: 1 business day.
  • Recommended for: Speedy and affordable bank transfers.
  • More info: See our full XE Money Transfer review, or visit their website.

Our Recommendation About Cash App UK

To sum up, the key takeaway from this article is that Cash App is limited in its international capabilities and is only ideal for transferring money between the US and UK. For any other international transfer, it's best to look for digital providers like Remitly, TransferGo, and XE Money Transfer as they offer the most affordable, efficient, and intelligent solutions compared to traditional providers like banks and PayPal, which have higher service fees and exchange rates.

Check out the options below and start comparing your Cash App alternatives now.

Compare leading Cash App alternatives in the UK:

FAQ About Using Cash App in the UK

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