Popmoney

Make quick and secure person-to-person payments with Popmoney

When you have to pay someone, what are your two options? Cash or check. But driving to an ATM can be a hassle, and the person you’re paying isn’t always the fastest with depositing a check. However, Popmoney from State Bank allows you to make secure person-to-person payments using an email address or mobile phone number.

How does Popmoney work?

Let’s say you owe your friend money for getting you concert tickets. Here’s what you would do:

• Login to Popmoney, or simply use the Popmoney icon in online/mobile banking
• Enter the amount you owe your friend
• Enter their email address or their mobile phone number
• Select which account you would like the payment to come from
• Click submit

Your friend will receive either a text or email stating they have money to be deposited. They don’t have to have a Popmoney account. Once they accept the funds, they will be deposited from your account to their account. It’s that easy!

You can also use Popmoney to request money from others.

When would I use Popmoney?

There’s a number of situations where using Popmoney would come in handy:

• Sending money- “Thanks for mowing our lawn last week, here’s what we owe you!”
• Requesting money- “It was great getting to go to the concert with you. The ticket was $60. Thanks!”
• Collecting from groups- “Hi, parents. The cost for our Boy Scout cookout this weekend is $20 each. Thanks for your support!”
• Recurring payments- “Hey, I set up a recurring payment so you’ll receive my half of the rent on time each month. Thanks!”

For help getting set up with Popmoney, contact State Bank today.