Sending money to friends and family is becoming a common necessity, whether you’re splitting the cost of a meal, 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 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.
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 P2P services you may have heard of 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’re 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 whom 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 popular P2P payment option is Zelle® and it’s already available in the DoverPhila mobile banking app, so there’s no need to download another app or enter in your bank account, credit card, or debit card information. All you need to do to enroll is opt-in to Shared Branching by contacting DoverPhila at 330-364-8874 and then use your email address or U.S. mobile phone number to setup your Zelle® account.
Zelle® is available in more than 2,200 banking apps, so you can send money to friends and family even if they don’t bank at DoverPhila Federal Credit Union.1 Best of all, money sent is available to use in minutes.1
Learn more about how using Zelle® can help you send money to friends and family by clicking the button below.
1To send or receive money with Zelle®, both parties must have an eligible checking or savings account. Transactions between enrolled users typically occur in minutes.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
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