U.S. Bank has abruptly reversed course on charging for realtime payments via the clearXChange network.
Effective yesterday, U.S. Bank customers can make realtime P2P payments for free, just like the customers at the five other clearXchange member banks.
As the network grew, U.S. Bank saw the need to offer the service for free, Gareth Gaston, executive vice president of omnichannel banking, said in a statement.
