Evanston’s First Bank & Trust officially launched its new “People Pay” service Monday that enables its customers to pay each other using their cell phones.
As long as the customer has someone’s email address or cell phone number, they can transfer funds easily out of their own deposit account.
Bank officials contend that the service is particularly useful when a group of friends go out for dinner at a restaurant and they need to split the bill between them, or if they owe someone money, but forgot their checkbook.
Once the money is sent, the recipient receives a text message and/or an email confirming the transfer.
Additional information about the free service is available on the bank’s website.
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