Ally m-banking app adds Popmoney and recurring transfer features

Tuesday 26 November 2013 10:00 CET | News

US financial institution Ally Bank, the direct banking subsidiary of Ally Financial, has extended its Ally Mobile Banking app to include two offerings designed to enable customers to access and manage their money on the go. Thus, customers can use their smartphones to send and receive Popmoney payments as well as make recurring electronic fund transfers between Ally and non-Ally bank accounts.

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 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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Keywords: Ally Bank, POPmoney, recurring transfer features, mobile banking, Ally Mobile Banking, Ally eCheck Deposit, bill pay
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce