Online payment service PiggyBanc of Amherst, N.H., said it haswaived its e-check fees.
|PiggyBanc, which said it serves approximately 350 credit unions,allows members to set up an online account linked directly to theirCU deposit account and make instant payments to friends and familymembers.
|“As we continue to add new credit union partners, we'reconstantly looking for ways to enhance the system,” PiggyBancPresident Christopher Jay said in a press release. “We're excitedabout offering e-checks at no fee and are working to roll outseveral other significant enhancements over the next fewmonths.”
|PiggyBanc's services combine “the best of social media with thelatest in payment technology” and are designed to help familiesconveniently transfer payments such as birthday gifts, babysittingfees and college savings funds, the company said.
|PiggyBanc's services help credit unions develop more engagedrelationships with younger members by encouraging them to come backto the CU's website often through automated contribution noticesand thank you reminders, the press release said.
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