Chase Adds PayPal-Like Person-to-Person Pay Feature To Its Apps

By

chase-ipad

Here’s another sign we’re edging closer to a world without paper money: Chase bank has added a feature to its iDevice apps that lets its customers transfer money from their Chase accounts to any bank account in the U.S. (both Chase and non-Chase alike).

Frequent PayPal users should recognize the new feature — and it’s usefulness, as money can be easily transferred from a Chase account to any other U.S. account via the recipient’s attached telephone number or email address. To our knowledge, this is the only major bank in the U.S. to so far adopt the feature.