Tis the season for holiday giving and that means you’ll probably be doing a lot of spending. VCNB has a product called Popmoney® personal payment service that is perfect for the holidays and today we’re talking about three times it might come in handy for you!
This service allows you to send money to another person electronically. All you need is the mobile phone number or email address to send the funds and it’s easy for them to have it deposited into the bank account of their choice. Each transaction costs just .50 cents, making it an affordable, easy and relatively quick way to get money to another person. Popmoney can be used from our mobile app, VCNB Mobile or through Online Bill Pay so you can literally send funds at any time.
Shared Gift Giving – In a lot of workplaces, co-workers combine their resources to buy their boss a nicer gift. If you’re like a lot of Americans, you may not carry a lot of cash or your checkbook to work. Pay your share by sending your contribution electronically to the person collecting the funds.
Festive Meal With Friends – Your group is going out for dinner to celebrate but the restaurant requires a party of your size pay on one check. Don’t make your friend who’s footing the bill wait for your share! Just send them the funds via Popmoney, right there from the dinner table!
Last Minute Gift – Forgot to buy a gift for someone on your list? No sweat! You can use Popmoney to send them cash, along with a holiday greeting!
Remember, you can also use Popmoney to request funds! Say you’re in charge of buying mom and dad’s gift from you and your siblings. Let your brothers and sisters know how much they owe by sending a request via Popmoney. They can respond to that request directly, and send the money right back to you. No muss, no fuss and no excuse for your baby brother not to pay his share!
How might you use Popmoney this holiday season? Tell us in the comments section below!