The time it takes depends on how quickly the receiver claims their money. Money will be withdrawn from the sender's account up to one business day after the receiver claims the money. Money will be deposited into the receiver's account one to three days after the receiver claims the money.
You can only use payment accounts with check writing privileges. For example, checking, DDA, and money market accounts are accepted, but credit and debit cards are not (unless they are tied to and account with check writing privileges). As the sender, you can use any account that you have listed in Internet Bill Pay. The default will always be the account you have designated as preferred.
The security of your money and your data is the top priority. PopMoney personal payments are processed leveraging industry-leading regulatory and security standards to protect your information and your money against compromise. PopMoney monitors payment systems around the clock, and they proactively identify potentially fraudulent payments and suspicious activity to protect you and your money.
Someone who has never registered for PopMoney before has 12 calendar day to register and claim the money. The money does not leave the sender's account until it is claimed, so if the money goes unclaimed, the sender will receive an alert letting them know that the payment has expired.