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Popmoney Fees

POP stands for Pay Other People. Popmoney is an innovative payment service offered by leading financial institutions that eliminates the hassles of checks and cash. Now, sending and receiving money is as easy as emailing and texting. Best of all, you don’t need a new account to send or receive money. Just use your current bank account. The Receiver will receive a payment notification on behalf of the Sender either by email or a text message depending on the method chosen by the Sender. Email address: they will receive an email with instructions on how to direct the payment into their bank account. Mobile number: they will receive a text message on the Sender’s behalf with instructions on how to direct the payment into their account. If they don’t respond in 3 days, they will receive a text message reminding them to act on the payment notification. Standard Message and Data rates may apply. Bank account information (routing and account number): the money will be directly deposited into their bank account. The Sender may choose to notify the Receiver by sending them an email.