What is Popmoney?
Popmoney is an online personal payment service that provides a convenient way for individuals to securely send, request, and receive money from others directly through their bank account. It eliminates the hassles of checks, cash, or external payment apps.
The service is offered by various major banks and credit unions in the United States. When using Popmoney, the money is directly deposited from one bank account into another account, making the transfer fast, secure, and verified.
Some key features of Popmoney include:
- Ability to easily send money to friends, family, contacts using just an email address or mobile number
- Request money from others or receive money that others have sent
- Money transferred directly from bank account, without needing cash, check or credit card
- Secure platform that utilizes bank-level security, encryption, authentication
- Receive payment notifications and confirmations
- No fees in most cases
Overall, Popmoney simplifies personal payments and money transfers by leveraging direct bank account connections. It is offered alongside other online banking and payment services by major US financial institutions.