Popmoney, a payment service that allows customers to electronically send money to other people, provides an alternative to sending cash or cheques to friends and family or to pay service providers. The service allows Ally Bank customers to send money to anyone in the US who has a US bank account – the recipient does not need to have an Ally Bank account.
Popmoney has been available to Ally customers since 2011. In addition to using their smartphones for regular Popmoney transactions, users are set to be able to view scheduled payments and payment history as well as set up and manage Popmoney contacts in Ally Mobile Banking.
Users can send funds by providing the recipients e-mail address, mobile number or bank account information. The recipient will get a text or e-mail directing them to go to popmoney.com/ally and follow the steps to deposit the money online. If a bank account is provided by the sender, the money is sent to the recipients account. Popmoney can be used for one-time payments and gifts or can be scheduled for recurring payments.
In addition to these enhancements, Ally Mobile Banking provides a number of features, including Ally eCheck Deposit, which allows customers to scan and electronically deposit cheques, as well as bill pay, a call wait time feature and an ATM and cash back locator.
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