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This is hilarious and wonderful, and attractive to boot. I wish you the best of luck. I know that the big banks I use offer this service for free (as “Bill Pay”), but maybe there are also-ran banks that don’t? Or is the aim more to address the unbanked and fintech crowds: “Cash App us a lump of dollars and we’ll send it somewhere by check”? You stoked my curiosity, and I looked around: at a glance, it seems like Chase, Bank of America, Wells Fargo, Capital One, and US Bank all include online bill pay (electronic if possible, with fallback to paper checks) as a built-in feature of their consumer accounts. It looks like weirder branchless ones like Ally, Neo, Chime, and SoFi do this too. Am I missing something that differentiates what you do from what they do? I don’t mean this as a criticism, just a curiosity! History has shown there’s often more than enough room in the market for smart, reliable, attractive purpose-built tools, even when their function overlaps with incumbents’ notional features. |
> Cash App us a lump of cash and we’ll send it somewhere by check
Funny thing about sending checks is it's just an account and routing number in a special font on a piece of paper. We don't touch any customer funds.
> Am I missing something that differentiates what you do from what they do?
We have a simpler UI with a focus just on sending the check, so having your contacts prefilled make it quick and easy. But, if your bank already supports this then probably not for you!
If we grow the app enough, we'll add more features like scheduled / recurring payments and tracking for delivery and when the check is deposited.