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Tool for recurring payments to friend / family?

Discussions regarding financial software
Savwire
Posts: 1
Joined: November 24th, 2022, 9:24 pm

Tool for recurring payments to friend / family?

#549722

Postby Savwire » November 24th, 2022, 9:26 pm

Is there anyway I can setup recurring payments to a friend? Like recurring electronic bill pay, but directly to another person, fee-free?

Seems simple but can't find this option anywhere. Not Paypal, banks charge $20 for wire transfers, etc etc. Seems like such a simple thing that should be available.

Someone told me Zelle has that option, but when I signed up, there was no option like this.

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staffordian
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Re: Tool for recurring payments to friend / family?

#549725

Postby staffordian » November 24th, 2022, 9:30 pm

Most banks let you set up standing orders, or am I missing something?

pochisoldi
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Re: Tool for recurring payments to friend / family?

#549730

Postby pochisoldi » November 24th, 2022, 10:12 pm

Zelle is US based.
Lemonfool is used by people based in, or with links to, the UK.

Which side of the Atlantic are you on?

mc2fool
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Re: Tool for recurring payments to friend / family?

#549734

Postby mc2fool » November 24th, 2022, 10:18 pm

Welcome to The Lemon Fool :)

I'd not heard of Zelle so I looked it up, https://www.zellepay.com, and see it's US based and works only between US banks, and so I conclude that you're also US based and looking to do recurring payments to friends/family also in the US.

The Lemon Fool is a UK site and as far as I am aware there aren't any US based users here, so I think you'd be better off asking on a US site. ;)

Edit: ditto!


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