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How the E-mail Payments Service
Works E-mail payments allow you to exchange money with others
using e-mail. You are either the sender or the receiver
of the money.
If you are the sender, it means you are
enrolled with either a financial institution or a Web site that offers
the e-mail payments service. To e-mail someone money, you only need to
know their e-mail address and their name. The money you are sending is
withdrawn from your bank account that you selected when
you enrolled.
If you are the receiver, it means you are
also enrolled at either your financial institution or at a Web
site that offers the e-mail payments service. The money you receive
will be deposited into the bank account that you select when you
enroll.
What it Costs When you enroll with an E-mail
Payments Service Provider to collect your payment, you are actually
enrolling in the provider's full Online Banking application. Each
provider sets their own Online Banking pricing, which ranges from FREE
to $7.00/month.
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