
Popmoney is a convenient way to send and receive money online, and getting started is easier than you think. You can access Popmoney through your bank's online or mobile banking platform.
To use Popmoney, you'll need to link a debit card or bank account to your online banking account. This will allow you to send and receive money using your recipient's email address or mobile phone number.
You can send money to anyone with a bank account, as long as you have their email address or mobile phone number. This makes it easy to split bills or send money to friends and family.
Popmoney is a secure service, with transactions protected by encryption and other security measures.
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What Is Popmoney
Popmoney is a payment facilitator that makes it easy to send and receive money between individuals. It's designed to simplify tasks like repaying debt or splitting bills.
Popmoney's main goal is to make payments hassle-free, and it does this by providing a convenient way to transfer money.
What It Is and How It Works

Popmoney is a service that facilitates payments between individuals, making it easy to repay debt or split bills.
It allows users to send and receive money through its website or by registering through their bank's website if offered as a payment service.
To send money, simply select the recipient's email address or mobile number and enter the amount you wish to send.
A Popmoney account isn't necessary for the recipient to receive payments made through the service.
To request money, enter the details of the parties involved and the amount you wish to ask for.
The sender doesn't need to be registered with Popmoney to fulfill a payment request.
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What Is
Popmoney is a service that allows users to send and receive money electronically. It's a convenient way to pay friends and family without the need for cash or checks.
Popmoney is offered by over 7,500 banks and credit unions, making it a widely available option. This means you can use it to send money to anyone with a US bank account.
The service is usually free for users, with no fees for sending or receiving money. However, some banks may charge a fee for certain types of transactions.
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How Popmoney Works

Popmoney's main goal is to make payments between individuals easy and hassle-free.
To start using Popmoney, you can sign up on the website or register through your bank's website if they offer Popmoney as a payment service.
Sending money with Popmoney is a straightforward process that involves selecting the recipient's email address or mobile number and entering the amount you want to send.
You don't need a Popmoney account to receive payments made through the service.
To request money, simply enter the details of the parties involved and the amount you're asking for.
Payment Process
Popmoney is a convenient way to send and receive money. You can use it to pay bills, split expenses with friends, or send money to family members.
To start using Popmoney, you'll need to link your debit card or bank account to the service. This allows you to transfer funds easily.
Once you've linked your account, you can send money to anyone with a US bank account. Simply enter their email address or mobile number, and the recipient will receive a notification with instructions on how to claim the funds.
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Processing Time

Popmoney payments can take a single business day to process if you've provided the necessary account information.
Payments with Popmoney can take several business days, typically 3-5 business days, as they rely on ACH methods.
Payments funded with a debit card are the fastest and may be in the receiver's bank account within one business day.
There have been complaints about frozen payments and long wait times, especially for first-time users.
In most cases, payments are resolved eventually, but it's best to avoid making time-sensitive payments.
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Receiving a Payment
Receiving a payment with Popmoney is a straightforward process.
You'll get a message, either by text or email, telling you that you've received a payment.
If you've never used the service before, you'll need to provide instructions on where Popmoney should send the money.
The site shows a list of participating banks, making it easy to find one that matches yours.
Unless you initiated the transaction by requesting money, there should not be a cost to pick up the funds.
However, your bank or credit union may charge a fee, so be aware of that possibility.
It's worth noting that Popmoney is a legitimate payment service, which can be a surprise to some people.
Fees and Cost

Sending a payment through Popmoney comes with a flat fee of $0.95. This fee is relatively low compared to other payment services.
To put it into perspective, using Popmoney is comparable to services like Venmo, which charges a 3% waivable fee. This is a significant difference, especially for smaller transactions.
Receiving money through Popmoney is free of charge, which is a convenient perk for those who want to avoid extra costs.
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Fees
Popmoney charges a flat fee of $0.95 for making any transaction through their website.
Receiving money through Popmoney is free of charge.
Cost
Sending money with Popmoney is a relatively affordable option. You'll pay $0.95 to send a payment, which is a small price to pay for the convenience of online transactions.
If you're receiving a payment, don't worry about incurring any costs. Receiving payments into your associated account is completely free.
Banks and credit unions have their own fee schedules, so it's essential to check with them about any additional costs. At most institutions, transaction costs are around $1 or are free, making it a cost-effective option.
Here are some key points to keep in mind:
- Widely available
- Inexpensive (with a $0.95 fee per transaction)
- Private (no fee to receive payments)
Safety

Popmoney is generally a safe service to use, thanks to its industry-leading technology and verification codes for recipients of payments. However, you should still be cautious when sharing your personal account information.
If you receive an unexpected email or message, use extra caution and verify with your friend before clicking on anything. This is to avoid being taken to an impostor website designed to steal your information and money.
Making purchases with Popmoney can be risky, as there is no "buyer protection" in place. This means you're on your own if you don't get what you expected, or if the goods never arrive at all.
Alternatives like credit or debit cards, preferably credit cards for safety, and PayPal offer more protection.
Alternatives ⚖️
If you like the sound of Popmoney, but you're curious to know what other services are out there, you can consider Zelle, which has no fees (bank fees may apply) and can transfer money in just a few minutes to three business days.

One of the most popular payment services is Venmo, which allows transfers only between US customers and is owned by PayPal. It has more than 60 million users and is especially useful for splitting bills and other payments.
Venmo's instant transfers are a great feature, but they require both the sender and recipient to have the app installed. Otherwise, transfers can take several business days.
If you need to make payments to territories outside of the US, you're out of luck with Popmoney, Zelle, and Venmo. However, there is an online solution: Wise, which lets you send money abroad with the real exchange rate and no hidden fees.
Here's a comparison of some popular payment services:
Payment Methods and Options
You can send a payment to anyone using Popmoney, as long as you have their phone number or email address. This notification will let them know you're paying them.
Popmoney allows you to pay anyone with just a phone number or email address.
Transaction Management

Popmoney makes sending and receiving money a breeze. You can send money to anyone with an email address or mobile phone number, making it easy to pay friends back for dinner or split a bill.
You can also schedule payments in advance, so you can plan ahead and make sure you're never late on a payment. This feature is especially useful for rent or utility bills.
Popmoney allows you to send up to $5,000 per transaction, which is a generous limit that gives you plenty of flexibility.
About Popmoney
Popmoney is a peer-to-peer payment service that allows users to send and receive money electronically. It's a convenient way to pay friends and family without the need for cash or checks.
Popmoney is offered by banks and credit unions, which means you can use it if your financial institution offers this service. You can send money to anyone with a US bank account, regardless of their bank.
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To use Popmoney, you'll need to link your bank account to the service and verify your identity. This usually involves providing some basic personal and financial information.
Popmoney transactions are usually processed within 2-3 business days, but in some cases, they can take up to 5 business days. This timeframe can vary depending on the recipient's bank and their processing times.
You can send Popmoney payments through online banking, a mobile banking app, or even through a text message. This flexibility makes it easy to send money on the go.
Frequently Asked Questions
Are Zelle and Popmoney the same?
No, Zelle and Popmoney are not the same, although Popmoney users were encouraged to switch to Zelle after Popmoney's service was discontinued in June. Zelle is a separate peer-to-peer payment network that offers similar services to Popmoney.
Why is Popmoney being discontinued?
Popmoney is being discontinued because the majority of its customers have already transitioned to Zelle. This shift in user preference led Fiserv to end the service on June 30, 2023.
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