I had written about my frustration earlier on how complex it was to send money to my wife since we keep our finances separate and in different banks. Plus I have my misgivings on PayPal. The solution was to open a joint account as a hub account. But my search for the perfect money transfer solution ended when I found this service called PopMoney.

Send money to family and friends via popmoney. The screenshots below are from Ally bank which offers this service. Other banks that have partnered with PopMoney will have different screens but the process is essentially the same.

You cannot send money from PopMoney, unlike PayPal. The next step is to register your phone number with PopMoney. PopMoney will send a verification code which you need to enter to register. This step is required only once. You can set up recipients in the Add Contacts screen. This too, is a one time process. To send money, select your funding account and the payee you created in step 3.

If the Payee was associated with an email id or a phone number, the recipient will receive a notification to claim that money within 10 days. The recipient can claim the money by registering with PopMoney and the money is deposited to the bank account as registered. The recipient need not register with PopMoney to claim the funds.

From my experience PopMoney is a great way to send money to family and friends. This is not a paid review nor was I contacted by Ally or PopMoney to write this review. I happened to see this service when I logged in to my bank account and my curiosity got the best of me in a good way!

I use Ally, but a number of banks provide PopMoney service including CitibankPNCDCU and US Bank. You can see the full list here. It looks like an interesting alternative. Thanks so much for the detailed tutorial! That could be very nice!

It is more geared towards cash transfer within family and friends. PayPal, if I remember correctly, started with the same idea but morphed into an ecommerce payment system, so what you say might be a possibility!

I wish this industry would settle down a bit. It used to be Paypal or nothing. Now there are like 10 different options. This is a great explanation. The three day waiting period for known users seems to be competitive.

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I like the tree day waiting period as well. I may try it with my younger daughter who is paying me monthly for the car she is driving! Finally, some alternatives are popping up. The fees on paypal are a killer and I sure hope a competitor enters the market in order to drive them down. I do like the fact I can send money without registering with yet another site. Will be interesting to see if PopMoney will be able to take on PayPal. Your last line made me smile ET! I use paypal to transfer my money between my two banks, but it takes me about 10 days to get the money from one bank to another.

Thanks for the great write-up on Popmoney! Please let us know if you need any more information solution stock market crash 1929 canada facts the service. I got burned by PayPal years ago on some phishing scheme through Ebay. If PopMoney continues to keep the service free and if it can convince more banks to sign up, this could gain good traction.

Nice write up MC. I do use Wells Fargo to transfer to my family who are Wells Fargo customers, too. A number of banks are offering free member-to-member transfer. Now if only I can convince Mrs. Thanks for the introduction to PopMoney.

Please keep how to make money sending spam posted on the overall experience once you have more experience with it. Looking forward to it, so far sounds great. PayPal fees have gotten enormous! I like this solution. Thanks for sharing this website. I did check out their list of banks and none of mine use this service, but maybe banks will catch on to this and begin offering it as an easy way to transfer money.

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Be forewarned that the terms vary from bank to bank. Sorry this system sucks!! Made a transfer to another person with their checking account, got the confirmation email which I followed the link to confirm, was given the date that the transfer would be completed. Now one day after that day, there is no transfer and also no record on on my checking account that I requested the transfer.

However there info is listed in the accounts that How to make money sending spam can send money to. Never had this problem with paypal in 8 years. Pop Money SUCKS, sent a tenant some money for an emergency and he had to wait 5 days to get it because they are not open on weekends because of Federal Regulations. It was advertised same day, however, when calling pop money, they say at least 3 days and even more, which it will be 5 days. When asking bank employees what I do next, they could not even answer.

Must be a Citibank problem is right!

Citi says keep waiting. I physically went to my bank and made a deposit in his branch 2 days ago. Forget POPMoney…do it the stock binary trading game programs fashioned way…Stanton line in a bank branch!

Something seems pakistan forex market have gotten worse about Popmoney since it first came out, at some banks more so than others.

Ally cny usd exchange rate yahoo finance good still. PNC is really short term investment options singapore. Fifth Third charges a fee for Popmoney!

Yes I have too many bank accounts. I have several accounts that I can send Popmoney from. When someone sends me Popmoney, which one does it go to? So far it seems to go to my Ally account, which is the first one I used with popmoney. Is there a way to change the destination account? I created an account on popmoney. It seems completely separate from the popmoney transactions at your bank.

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Bank to bank transfers are NO less than three days whether you pay a fee for express service or not. RUN from this SCAM! My realtor sent my security deposit using this service and it was a royal PITA. The instructions are not very clear on what you need to do which is a lot for a one time usage deal and it was VERY frustrating. I tried to get the text message of a verification code resent 6 times and no text messages.

The rep blamed it on the phone company blocking some ad type of message but I think their system sucks the big one. I WOULD HIGHLY RECOMEND NOT USING THIS LAME SERVICE!!! They needed it on Thursday. As indicated on the Pop Money website, the money should have been in their account on Wednesday, no later than Thursday.

We got an email late Tuesday saying it was under investigation. Absolutely no reason for that, as there was more than enough money in our account to cover the transfer.

Called on Thursday and they indicated it would be Monday. It is Monday morning and it is still not in their account.

This is our first and last experience with Pop Money!! They hold your money in their account for days and make up excuses of why it has been taken from your account and is nowhere to be found. They try to make you think it is the Federal Reserves fault, when you know how quickly money flows from one Federal Reserve to another.

Just write an out of area check and see. Western Union is the best way to go. It may cost more, but at least they are honest and can quickly get your money to where it should go!

I have used Pop Money two times because it is a service with my online banking. Both times the money was delivered 3 days late.

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On days 3 and 4 I called customer service and said there was nothing they could do. I was promised a return call from a supervisor that never happened. Timing in financial transactions is critical and can be costly. The interface is difficult to use and not at all convenient if you really think about it. I sent my landlord duplicate rent payments by accident. Notify me of followup comments via e-mail.

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