U.S. Bank Offers Free Real-Time Person-to-Person Payments
U.S. Bank customers can now send secure person-to-person (P2P) payments at no charge.
Earlier this year, U.S. Bank became the first bank to offer real-time, P2P payments through the clearXchange network. Since its introduction, U.S. Bank has added several other financial institutions to its network.
“Customers’ demand for real-time, person-to-person payments is growing and the network is expanding – it’s a perfect demonstration of how the banking industry is working together to deliver safe and easy solutions for customers’ evolving financial preferences,” said Gareth Gaston, executive vice president, Omnichannel Banking, U.S. Bank. “U.S. Bank has long been a pioneer in innovative payment solutions and we remain focused on providing an exceptional customer experience wherever and however they want to send money securely to their family or friends.”
To use the service, customers only need an email address or mobile phone number. Then, they can send money online or through a mobile device. U.S. Bank Send Money uses the institution’s authentication steps to ensure that transactions remain secure.