I was not sure where to put this but since it is free I thought of Cheap & Cheerful. Moderator please feel free to move this thread.
I just received an email from my bank, Wells Fargo, advertising a feature associated with online banking. I have never used it but it seems like it might rival PayPal for at least some features. I don't fully understand it. Has anyone used it?
Features of Wells Fargo SurePay copied and pasted:
Quick — Just 1-2 business days to send money directly to another account, at any bank in the U.S.
•Easy — All you need is a recipient’s email address
•Fee free — SurePay is included as a feature of your Wells Fargo Online® account1
As a feature of your Wells Fargo Online® account, you can send money to family and friends, at any U.S. bank, without sharing account numbers. Send money to your kids at college to buy books. Or reimburse a friend for dinner.
It’s fast, too. Transfers to another Wells Fargo customer take up to 1 calendar day. Transfers to accounts at other U.S. banks usually take up to 2 business days.
Simply visit the Transfers tab on wellsfargo.com or select Transfer and Pay from our mobile banking menu, and select WF SurePay to start.
How it works:
1. Initiate Transfer
2. Recipient Notified
3. Recipient Registers
4. Money Deposited
Receive money with SurePay, too
When someone sends you money with SurePay, you’ll receive a message from Wells Fargo to walk you through the receive process.
