Personal Payments Just Got Easier!

Do you need an easier way to pay someone you know or owe? With Popmoney, the industry leading person-to-person payment service, you can send and receive money directly from your Oak Bank account. Popmoney features a large national payment network and allows you to easily send money using just an email address or mobile number. Pay your rent or send money to your kids away at college by setting up future-dated and recurring payments! Import contacts from popular email services such as Gmail®, Hotmail® and Yahoo!®, and access your profile information from a centralized “To Do List” – it’s all safe and secure!

Features

Popmoney allows you to send and receive money with the speed and security you can’t get from cash or check transactions. With Popmoney, you can:

  • Send money using an account number, in addition to using an email address or mobile number.
  • Set up future-dated payments and recurring payments.
  • Import contacts from popular email services.
  • Add multiple email addresses and mobile numbers for any contact.
  • Respond to all Popmoney activity, including depositing payments and paying requests, from a central dashboard or “To Do List.”
  • Personalize your gift payments with an e-greeting template.
  • Receive money by simply verifying an email address or mobile phone number (without formally enrolling).
  • Access the largest person-to-person payment network for financial institutions, with 1,400 participating banks and credit unions.

Sending and Receiving Payments

Receiving payments through Popmoney is fast and simple. To get started, log in to iBank, click on the “iBillPay” tab and then click on the “Popmoney” tab. Once you are on the Popmoney screen, click on the “Preferences’” tab to make sure your email address or phone number is listed. You can then indicate whether you’d like receive your verification code via text or email. Once you receive the verification code from the text or email, enter it on the Popmoney screen where indicated. After the email/phone number has been entered and validated, you will be able to retrieve the payment. Payment can then be received in as little as one business day; however, in some cases it may take longer.

If you send an email or mobile payment to a recipient that is not yet registered for Popmoney, he/she must sign up for the service before they can retrieve the payment. If you would like to send or receive payment from friends and family who do not use a bank or credit union in the Popmoney network, direct them to the upgraded popmoney.com website* so that they can receive money just as you do here at Oak Bank. They can even use the “Quick Deposit” feature to deposit the payment without going through the full enrollment process. If they choose to enroll so they can send money as well, they will no longer be required to enter their social security number. You can even send money directly to a financial institution account, so your recipient doesn’t have to do anything.

There are limits to the amount you can send per transaction, per day and per month, as well as to total outstanding payments. You may experience a delay in payment if you exceed your next-day payment limits. If that is the case, we will deliver payments within three business days. Limits can and will vary by user and financial institution. To check your limits, click on the “Help” icon on the “Send Money” screen.

*Terms and conditions may apply.

Enrollment

If you would like to start using Popmoney to send and receive money from friends and family, just log in to iBank and enroll in iBillPay.

Read the Security and Reliability PDF for information regarding Popmoney’s policies.

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