Payments

What is peer-to-peer (P2P) payment, and how does it work?

Peer-to-peer (P2P) payments are direct digital payments from one person's account to another's. They allow friends and family to send money to each other without having to write a check or use cash.

NSF fee vs. overdraft fee: Key differences (and how to avoid them)

​Key Takeaways

• Banks may charge NSF fees if there are not enough funds in an account to pay for a transaction.
• Banks may charge overdraft fees if an individual doesn’t have enough money in their account to cover an approved transaction in full.
• The cost of each fee can vary from bank to bank.