OC Federal Credit Union
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At OC Federal, we’re always looking for ways to make managing your money easier. That’s why we’re excited to introduce Real-Time Payments (RTP)—a faster, more convenient way for our members to move money.
Real-Time Payments allow money to move directly between participating financial institutions in just seconds. With a core-to-core connection, payments can be settled instantly, giving you access to your funds right away.
And because RTP is available 24 hours a day, 7 days a week, you don’t have to wait for traditional banking hours, weekends, or holidays to move your money.
Simply put: your money moves when you do.
One of the most convenient ways members can use Real-Time Payments is when moving money from a digital payment app, such as Venmo, into their OC Federal account.
Instead of waiting for a traditional transfer to process, RTP can allow you to move those funds directly into your OC Federal account in seconds.
That means you can:
Whether you’re moving money you’ve received from a friend or simply transferring funds between accounts, Real-Time Payments put more control and convenience in your hands.
The way people manage their money has changed. Today, 9 out of 10 Americans use some form of digital payment, and consumers increasingly expect financial transactions to be as fast and convenient as the rest of their digital lives.
Real-Time Payments are helping make that possible.
More than 300 financial institutions are connected to the RTP network, and nearly 70% of U.S. demand deposit accounts can access real-time payments today. With services like FedNow continuing to expand the instant payment ecosystem, access to faster payments is becoming more common.
And members are paying attention. 30% of consumers say access to real-time payments is a factor when choosing a financial institution, while 40% of real-time payment users say they would pay a fee to use the service.
Real-Time Payments are about giving you more flexibility when managing your money. No waiting for the next business day. No wondering when your transfer will arrive.
With RTP at OC Federal, your money can move in seconds—whenever you need it.
We’re excited to continue bringing modern, convenient payment solutions to our members and making your financial life a little easier.
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It’s simple to move over your direct deposits and recurring payments.
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