Chase customers can now send and receive money with customers of Bank of America and U.S. Bank in minutes by using Chase QuickPaySM.
Customers typically can withdraw the funds immediately at an ATM or use them to pay bills right away.
“Consumers expect immediate action in our real-time world. That’s why we’re making this faster service available for our customers,” said Barry Sommers, CEO of Consumer Banking at Chase.
Chase customers sent $20 billion in person-to-person transactions through Chase QuickPay last year. Real-time transactions with customers of other participating banks will be available soon through the clearXchange™ network from Early Warning, which currently reaches up to 65% of the digital banking population in the U.S.
Later this month, the bank will make it simpler for customers to use Chase QuickPay on their smartphones. They will be able to use the Chase Mobile® app to:
Enroll in Chase QuickPay
Add recipients directly from their phone contacts list
See images of recipients from their phone’s contacts list
“Our customers love the convenience of using Chase QuickPay, and we expect all our improvements will make it even more popular,” added Sommers.