Person-to-Person Payments - Third-Party Payment Options | Union Bank Skip to Content
Important Notice
UB Bancorp, the holding company for Union Bank, has agreed to merge with FNB Corporation. Read the Press Release HERE.

Person-to-Person Payments

Person-to-person payments, or P2P payments, are ACH transactions that can be used for anything from splitting a $30 dinner bill between friends to paying your rent to paying a babysitter. These payments allow the transfer of funds between you and another individual using your Union Bank NC mobile banking app or online banking.

man on phone using Person-top-person app with cup of coffee

The benefits of using Union Bank’s P2P Payments are:

  • Union Bank’s P2P payments are compatible with any bank account and don’t require the recipient to install an app.
  • The recipient’s bank account information is not needed to make a payment.
  • Payments sent through email or text are securely protected by a password that you give to the recipient.
  • Unlike other P2P apps, money transferred through Union Bank’s P2P system is safe because it is FDIC insured.
  • Union Bank’s P2P payments can be made through their mobile app and does not require installing an additional app.
  • A direct deposit option is available if preferred instead of text or email.

For instructions on how to send a P2P payment using the Union Bank NC mobile banking app, click here.

Third-Party P2P Payments

There are several third-party options available for P2P payments such as Venmo*, PayPal*, Zelle*, and many others. These are similar to Union Bank’s P2P payment service but are offered outside of Union Bank’s mobile banking app. To get started with a P2P app, simply install the third-party payment app on your phone and link it to your Union Bank checking account or debit card.

NOTE:  Third-party apps do not offer FDIC insurance. It is recommended that you send P2P payments using your Union Bank NC mobile banking app or online banking. 

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