Email it. Text it. Pay people with Popmoney®
posted
on Thursday, August 8, 2013
in
Personal Banking
Email it. Text it. Pay people with Popmoney®. The Popmoney® personal payment service lets you send money to friends, family or almost anyone from your checking or savings account. All you need is their name and email address or mobile phone number to move money from your bank account to theirs.
Popmoney® is an innovative personal payment service that eliminates the hassles of checks and cash. Now, sending and receiving money is as easy as emailing and texting.
Easy to Send, Simple to Receive with 4 Easy Steps:
- Login to you Internet Banking and click on Pay Bills.
- Click on the Popmoney® tab
- Select your Payment Information and Choose your Method of Payment.
- Click Continue then Submit and your money has been sent.
How it Works
Popmoney® allows you to send and receive money from Online Banking. You can send money to your contacts, who will be notified by email or text messages that you wish to send money to them. You and your contacts will never need to exchange financial information.
What you can use it for
Popmoney® is easy and convenient for you and the people you send money to. Users can simply receive money in their eligible account online at their bank (if their bank is a member of the Popmoney® network), or at Popmoney.com, saving them a trip to the bank.
Use Popmoney® to:
- Send money to your child at college
- Send a gift to family and friends
- Pay back friends for a fun outing
- Pay your babysitter or lawn care service
- Pay rent to your landlord or roommates
Popmoney® is simple and easy to use, get started today!
Popmoney® Q & A
How fast can I send and receive money with Popmoney®?
With Popmoney®, recipients can receive money in as little as one business day. However, in some cases it may take longer. For example, if you send an email or mobile payment and the recipient is not yet registered for Popmoney, he/she must sign up for the service so that we have their account information to deposit their payment. Also, if you exceed your next-day payment limits, then we will deliver payments within three business days.
How are payment limits set?
Limits will vary by user and are re-evaluated every three months. Limits apply to the amount you can send per transaction, per day and per month, as well as to total outstanding payments. You can always check your limits by going to the "Send Money" screen within the Popmoney® service and clicking on the "Help" icon next to the "Amount" field.
What is the fee to send money through Popmoney®?
Fees are specific to the amount of the transfer and the method of payment. Fees will be disclosed on the Popmoney® Send Money page and will be specific to the both the amount and method.
How secure is Popmoney®?
From the moment information is sent to Popmoney® to the time it is stored and accessed again, it is encrypted using industry leading software, hardware and algorithms. Security is also utilized at specific points and actions in the product. For example, to help prevent an unauthorized person from fraudulently depositing someone else's payment, one-time passcodes are used. For every initial payment to a new email address or mobile phone number, a one-time passcode is sent to the user. The user must provide the passcode back to Popmoney® to verify his/her "ownership" of that mobile number or email address before he can deposit the payment.