Looking to send money from person to person without spending a fortune? There are more options coming into the marketplace.

Walmart is getting into the cash wire business with a new service called Walmart 2 Walmart. While the typical wire cost could be $50 to $75 from Western Union, this new program allows you to go into any Walmart store to the Money Center and send a wire of up to $900 for just $9.50.

PayPal is another option. You can send money from your PayPal to another PayPal person by linking up bank accounts. This is significant because it allows you to send money overseas for nada.

Read more: 5 ways to maximize your savings on Amazon

These free apps will help you transfer money

Then there are also apps for smartphones that will let you send funds for free to another person. There's one called Venmo, which is an app for Android and iPhone, and Square Cash offers yet another way to transfer money for free. Other options include Google Wallet and Facebook Messenger.

So let's say you're at dinner and you've got to split the bill. One person pays with a credit card or cash, but what do you do as the other party if you don't have enough cash on hand to give them for your part of the bill?

That's where something like Venmo or Square Cash comes in handy. You can send money with a simple e-mail to anyone you want for free. With Square Cash, for example, you just put in an e-mail address, how much you want to send them, and then you CC a special Square Cash e-mail address. Just like that you're done; it's seamless, easy, free.

The one question is security on systems like Square Cash. But if you set a $250 maximum daytime cap, you can rest pretty easy.

Read more: 2 reasons to never use a debit card at a gas station

Send money internationally for cheap

When you need to send money internationally, you've historically had to pay very high fees. It's not been unusual to spend 8% to 10% in fees alone. But now new apps make it possible to lower what you pay to about 1%. Here are some options:

For more money-saving advice, see our Money section!


Image of Clark Howard About the author: Clark Howard

Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust. View More Articles

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