Yes, that means that you can sign up for free and your account is free.
To give all of you a quick idea of how the Circle app works: Users are able to sign up with a credit or debit card and instantly send U.S. dollars to friends and family using your cell phone contacts, email, Bluetooth, and so on, to people around the world through the Circle Pay app (available in iTunes or Google Play).
Circle is a payment app that makes it convenient, secure and fun to instantly send money to friends and family.
Unlike some other popular payment cell phone apps, the Circle app is completely free and your money is 100% insured through the FDIC.
When would I need to use the Circle app?
The app makes it easy for friends and family members to split a bill, pay for a meal, or send money to a friend abroad.
This app makes it so simple to pay your friends and family members. No need to worry about checks, gathering the exact amount in cash, and so on. Now, you can just use the Circle app for free (I love that it's free!), and you don't have to worry anymore.
There are so many situations where this is perfect for me. I go on a girls' getaway nearly every year with my friends. Usually, one or two people pay for everything and everyone else just pays that person back. Instead of whoever is making the plans dealing with hundreds or thousands of dollars in cash and checks, they can receive their payment almost instantly through the Circle app. This makes it so much better, plus now you don't have to pester your friends about money, because you'll get the exact amount through this app.
Using the app is easy too. All you have to do is download the app, sign up with your phone number and email address, and then link an account of yours.
Transferring money in and out of the Circle app is quite easy too. To add money, you can link a debt card or credit card, which will allow your transfer to be instantly available. I do what to stress that using your debit card is probably a better idea because usually credit cards will charge an additional third party fee. Other ways to add money to your Circle account is by linking a bank account, receiving money from a friend, through your Bitcoin address, and more.
To take cash out of your Circle account, it is easy as well. Plus, it's safe. All you have to do is go to the Circle app on your cell phone and click on “Cash Out.” Then, you enter the amount you want to transfer and where you want it to transfer too. You will receive a verification code to your cell phone from the Circle app as an extra security measure. After you confirm the transfer, it will show up as pending until the money is fully transferred and the transaction is done. Transfer times can vary. For credit cards, debit cards, and bank accounts, the wait is usually between 1-4 business days.
I highly recommend the Circle app. I'll be telling my friends and family members to download this the next time a situation arises where it would be beneficial, which I think will be soon 🙂 Circle lets you send and receive money the same way you’d send and receive a message – to or from any person anywhere in the world, instantly and for free.
Oh yeah, a few last awesome positives! With Circle, you can also add emojis, gifs, photos, and words when you send or receive money, which can make it fun. Plus, nothing is publicly broadcasted when you send or receive money.
Would Circle be beneficial to you? Why or why not?
Subscribe to get the free Master Your Money course!
Join the free email course and finally learn how to manage your money better, pay off debt, save more money, and reach financial freedom. Get our newsletter and get access to the freebie: