Venmo
5
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Pros
Simple and Easy to Use: Intuitive interface, quick setup-time in minutes just a US phone number and email.
Venmo Debit/Credit Cards: Optional cards to use to spend Venmo balance and earn cash back.
Crypto and Check Cashing: You can purchase or sell crypto and cash checks with the app (additional fees apply).
Cons
US Only: Cannot be sent internationally; both sender and receiver must be in the US.
No FDIC Protection: The money you leave sitting in your Venmo account is not deposited into a bank and therefore not insured by FDIC the way the money in your bank account is.
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