Moving to a new country like Japan can be exciting and challenging. One of the practical concerns you may have when relocating is how to manage your finances and transfer money between countries. If you’ve been using a Cash App in the UK and if it works internationally, you’re not alone. So, read this blog if you want an answer to “Does Cash App work internationally and discuss some of the best alternatives to consider if it’s not.”
Does Cash App Work Internationally?
Cash App, developed by Square, Inc., is primarily designed for users in the United States. While it has gained popularity for its convenience and ease of use, its international functionality is limited. These are some key points to check out:
Cash App is primarily available to users in the United States and the United Kingdom. If you’re moving to Japan or any other country outside these regions, you may encounter limitations in accessing and using the app.
- Currency Restrictions
Cash App primarily deals in US dollars and British pounds. It can be problematic when dealing with currencies in Japan or other countries. Converting your money from one currency to another within the app can lead to unfavourable exchange rates and fees.
- 2. International Transactions
Cash App is under optimization for international transactions. While you can send money to individuals abroad, the process can be less straightforward than other specialised international money transfer services.
- Debit Card Use
If you have a Cash App debit card, it may not work seamlessly for international transactions. You might encounter issues using it for purchases or ATM withdrawals in any foreign country.
- Currency Conversion Fees
Be ready to pay a currency conversion fee to use the Cash App for international transactions. These fees can add up quickly and make your transactions more expensive than alternatives designed for international money transfers.
So, no answer to Does Cash App work internationally? But, some alternatives work internationally, and they are:
Best Alternatives for Money Transfers Abroad
Given the limitations of Cash App for international use, it’s essential to explore alternative options that can help you manage your finances while living in a foreign country.
- TransferWise (Wise)
TransferWise, now known simply as Wise, is a highly regarded international money transfer service. It offers a transparent fee structure and competitive exchange rates. Wise allows you to hold and transfer money in multiple currencies, which can be particularly useful when dealing with foreign exchange.
Key Features:
- Low and transparent fees
- Real exchange rates
- Multi-currency account
- Debit card for easy spending abroad
- PayPal
PayPal is a widely recognized payment platform that operates internationally. It allows you to send and receive money in various currencies. While it may not offer the best exchange rates, it’s a convenient option for online purchases and transactions.
Key Features:
- International money transfers
- Multiple currency support
- Online shopping and payments
- Revolut
Revolut is a digital banking alternative that provides international currency exchange and money transfer services. It offers competitive exchange rates and allows you to hold and exchange money in multiple currencies within the app.
Key Features:
- No hidden fees for currency exchange
- Multi-currency account
- Debit card for spending in foreign currencies
- Budgeting and expense tracking features
- Western Union
Western Union is a well-established international money transfer service with a vast network of physical locations worldwide. While it may have higher fees than some digital alternatives, it’s a reliable option for sending money internationally.
Key Features:
- Wide global network for cash pickup
- Online and in-person transfers
- Various delivery options
- N26
N26 is a mobile bank that offers a sleek app and a Mastercard debit card. While it’s not a dedicated international money transfer service, it’s suitable for day-to-day banking and spending in foreign currencies.
Key Features:
- Debit card for international spending
- Real exchange rates
- Mobile banking app
- Local Japanese Banks
Once you’ve settled in Japan, consider opening a bank account with a local Japanese bank. It can simplify your financial transactions within the country, including receiving your salary and paying bills.
Key Features:
- Local currency support
- Access to ATMs and banking services
Conclusion
While Cash App may have served you well in the UK, its limitations make it less suitable for international use, especially when relocating to a country like Japan, China, etc. To effectively manage your finances and transfer money abroad, it’s advisable to explore alternative options like Wise, PayPal, Revolut, Western Union, N26, or local Japanese banks.
Each alternative has unique features and benefits, so consider your specific financial needs and preferences when choosing the one that suits you best. By making an informed decision, you can ensure that your financial transition to Japan, China, India, etc., is as smooth as possible, allowing you to focus on enjoying your new adventure.
