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US Eagle Newsletter – Q4 2021
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Make Your Life Easier with P2P Payment Options
Sending money to friends and family is becoming a common necessity, whether you’re splitting the cost of a lunch tab, paying someone back for a shared birthday present, or even paying the babysitter. One of the fastest and easiest ways to do that is to send money digitally using peer-to-peer (or P2P) payments.
P2P payments enable you to send money to another person right from an app on your mobile device using a linked bank account, credit card or debit card. You can think of it as a digital replacement for cash or checks. Sending money this way is more convenient than writing checks or handling cash, and it has quickly become a popular way to send money across many age groups. In fact, nearly one in five Americans utilized P2P payments in 20201.
There are many P2P payment options available and it’s typically easy to enroll and start sending money. Apple Pay, CashApp, Google Pay, Venmo and Zelle® are a few services you may have heard or read about. Whichever option you choose, you can use your mobile device to enroll, then depending on the service, you can link your bank account, credit card, or debit card. Once you are set up, you can start sending money to friends or family who are also enrolled with your platform of choice.
Sending and receiving money is usually just a few clicks away. You choose who to send money to, the amount you want to send, add a message to indicate why you’re sending money, and send. Depending on which P2P payment option you use, the time it takes for the recipient to receive their money can range from a few seconds to a few days.
One of the popular P2P payment options is Zelle®, and it’s available for free2 in the US Eagle mobile banking app. With millions of active Zelle® users, you can send and receive money even if your friend or family member doesn’t bank at US Eagle2.
Learn more about how Zelle® can help you send money to friends and family.
1Logica Research, The Future of Money, 2020
2U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes and generally do not incur transaction fees.
Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
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The information contained in this email (the “Content”) is provided for informational and educational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Content is not intended to be and does not constitute financial, investment, tax or accounting advice or a solicitation to buy or sell securities. The Content is necessarily general in nature and is not specific to you or anyone else. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX OR ACCOUNTING ADVISORS BEFORE IMPLEMENTING ANY ADVICE INCLUDED IN THE CONTENT. By viewing or utilizing the Content, you agree that you will not hold Marquis Software Solutions, Inc., US Eagle FCU or their affiliates or agents responsible for loss or damages resulting from the Content.
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