Those of you that are part of a large group of friends that regularly get together, often times end up splitting checks, sharing rides or buying each other theater tickets.and#160; You then have to repay them and if you happen to have the right change, pay them with cash or more likely try to keep a ledger, which get's pretty complicated with a large group.and#160; That's why the Venmo app comes in handy for those situations, because it allows you to easily transfer money to others without any fees.and#160; Venmo allows you to pay your friends exactly $8.27 instead of that awkward point when you realize that you have to make change.and#160; The transfers are FDIC insured and once you have setup your account, it will only take a couple of taps to send a friend some money.and#160; Remember, there are no transaction fees, it allows you to send really small amounts of money to cover sodas from your coworker , so they'll know you don't take it for granted.and#160; Users with roommates can easily split rent, utility bills and even groceries to avoid that constant juggling act when you live together. You won't need it every day, but when you do, it can take a lot of the drama out of these common social situations. http://venmo.comand#160;