A Fast, Convenient Way To Send Money
Send Money Instantly
Send money to family, friends, and small businesses instantly and securely. Use a mobile phone number or email address to pay almost anyone anywhere around the globe, anytime. It's that easy and fast as sending an email or text.
How It Works
Provide the recipient's name and email address or mobile phone number. Money is instantly sent to the recipent's PayPal account, if one exists. If not, the recipient is prompted to create a PayPal account to access the money.
Sending Money is a low $1.00 fee through PayPal. The recipient (Friends and Family option) will not be charged a fee for this service. If you are conducting a business transactions (Goods and Services option) a low fee will apply when receiving funds.
Once you hit the Send Money button, the funds are instantly deducted from your PEFCU account and sent to the recipient and they are notified by email or text message.
If the recipient does not have a PayPal account, they will be able to create a free account using the link in the email or text that they receive. They will need to add their Financial Institution to PayPal before a transfer of funds can be sent to their Financial Institution. However, they also have the option of using the funds instantly while shopping at a consumer website that takes PayPal as a form of payment or applying for a PayPal Debit Card where funds can be transferred immediately.
If you are already a PayPal member/user you can now transfer funds to your PayPal account instantly from your PEFCU account.