RMOPay is designed to be low-cost for RMO members. Here is a breakdown of fees associated with the service.
Member-to-Member Transfers:
- Free: Sending money from your RMO checking or savings account to another RMO member costs nothing.
Debit Card Funded Transfers:
- 1.5% fee (minimum $0.25) applies when you fund a payment using a linked debit card instead of your RMO bank account.
Instant Transfers to External Accounts:
- If the recipient is not an RMO member and receives funds to an external bank account, a $0.50 transfer fee may apply.
No Fee For:
- Requesting money
- Receiving payments
- Splitting bills
- Setting up or changing your RMOTag
Transaction Limits:
- Per transaction: Up to $2,500
- Daily limit: Up to $5,000
- Monthly limit: Up to $10,000
Limits may vary based on your account history and verification status. To request a limit increase or ask questions about fees, schedule an appointment through MyRMO or by calling us to speak with an Expert.