RBC introduces electronic money transfer via Facebook

Would you use Facebook to transfer money?

RBC clients can use an app to transfer funds to Facebook Messenger contacts


Facebook_CP_322RBC announced today that it’s the first financial institution in North America to allow clients to send money to their Facebook friends. Using their electronic money transfer system, clients will be able to log into the RBC app and send money to people listed as their Facebook Messenger contacts.

The Facebook friend then receives a message in Messenger asking them to log into their financial institution to deposit the funds. RBC says the sender’s financial information won’t be shared with the recipient.

Would you feel comfortable sending money via Facebook? We’d like to read your comments below.