Old Glory Pay, available exclusively to Old Glory Bank customers, allows account holders to send instant electronic payments to other Old Glory Bank customers.
As part of our promise not to cancel law-abiding customers for their beliefs, Old Glory Bank has its own digital payment solution called Old Glory Pay.
With Old Glory Pay, Old Glory Bank customers can send payments to other customers of Old Glory Bank without their payment ever leaving the Old Glory Bank secure environment. This means no institution can cancel your payments or withhold your funds. As you know, Old Glory Bank will never provide the Government with your private transactional data in any manner that violates the Constitution.
Old Glory Pay is fast and secure. Funds are settled immediately, and you have instant access to your money. Plus, your money remains in your bank account, so it’s FDIC-insured! It costs you nothing to send money via Old Glory Pay. If you receive payments for personal reasons (into your personal account), that transaction is also free!
Can I buy things with Old Glory Pay?
Yes! Old Glory Pay offers business customers a fast and secure way of accepting payments for commercial transactions. Business customers of Old Glory Bank can accept Old Glory Pay for payment. Encourage your favorite place to shop to open an account at Old Glory Bank and start accepting Old Glory Pay!
If I’m a business, can I accept payment via Old Glory Pay?
Yes. Open a business account at Old Glory Bank and you can accept payments for business transactions via Old Glory Pay for free for 90 days! After 90 days, the fee is only 1.99%, which is generally much less than the fees charged by PayPal, Master Card, Visa, and AMEX. Of course, sending money via Old Glory Pay is always free for the sender.
What are the Old Glory Pay transaction limits?
To protect our customers from fraud and theft, Old Glory Pay permits customers to send up to $1,000 per day from their account and receive up to $1,000 per day into their account via Old Glory Pay. Generally, account limits are reset at 7:00 a.m. Central Time daily.
Are Old Glory Pay funds safe?
Old Glory Pay is safe and secure. All funds within your account at Old Glory Bank are FDIC-insured, up to $250,000 per depositor.
Are Old Glory Pay transactions reversible?
Although there may be limited exceptions in the case of theft or fraud, Old Glory Pay transactions are not reversible. Sending money via Old Glory Pay is like sending cash. You generally cannot get it back. Please confirm that you have verified the correct nickname and name of the person you are dealing with and are sending the correct amount for a valid and lawful purpose before sending any funds. Please review Old Glory Pay’s Terms and Conditions for more details.
What can I expect in the future?
Old Glory Pay represents the first payment platform that combines cancel-proof technology on a private Bank platform. Expect more great services soon from Old Glory Bank, including cancel-proof crowd fundraising.
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Old Glory Pay uses the same username and password as all of your Old Glory Bank accounts. If you have not yet established your online account access for Old Glory Bank, please do so first by visiting login.oldglorybank.com and selecting Enroll. For more help on setting your username and password, click here.
To set up Old Glory Pay for the first time:
- Install the app from the Apple App Store or Google Play Store. (hyperlink direct to app pages via graphic icon)
- Once installed, open the Old Glory Pay app and log in with the username and password you use for all your Old Glory accounts. You may be required to provide a code sent to your e-mail or mobile device to confirm your identity.
- The app will prompt you to select a “nickname” for your account. Your nickname will be how other Old Glory Pay users search and locate you to send or receive money. Follow the instructions to register your nickname.
TIP: Remember, for security purposes, you may not change your nickname later, so pick a good one!
- If you have more than one spending account at Old Glory Bank, you will be directed to select a default account for payments and deposits through Old Glory Pay. Your default account may be changed at any time in the settings section of the application.
To send or request payments through Old Glory Pay:
- Once logged in to the Old Glory Pay app, select the blue “Pay or Request” button at the bottom of your screen.
- Select the “To/From” box to select a user from your friends list or to type in the nickname of a user to or from whom you would like to send or receive money for the first time.
Tip: Remember, for security reasons, you must know the exact nickname with the correct spelling of the other user you plan to transact with. Old Glory Pay does not support open searches of the user or nickname database. This is to reduce the possibility of a payment being misdirected.
- After selecting the nickname of the other user, you will be brought back to the “Pay or Request Money” screen. Please confirm that both the nickname and the actual name of the other party is now listed in the “To/From” box.
- In the “Amount” box, type in the amount you wish to pay or receive from the other user. Reminder: Old Glory Pay has daily limits which can be referenced by selecting the” “limits” link on the app.
- In the optional note box, you may include a note (up to 33 characters long) that will be shared with the other user.
- Under “Funding Source,” ensure you have the correct bank account selected before proceeding.
- Select either the Pay button at the bottom of the screen to pay money to the other user or select the Request button at the bottom of the screen to request money from the other user.
- The confirmation screen will ask you to confirm the nickname, true name, and amount of the transaction. Once confirmed, Old Glory Pay processes the transaction. The transaction is nearly instantaneous and will be processed immediately. Remember, transactions processed through Old Glory Pay are irreversible.
To approve or reject a payment request in Old Glory Pay:
When another user requests a payment from you, a notification will appear on your device and the request will be referenced under the “pending” tab in the Old Glory Pay mobile application.
Click on either the notification or the request listed under “pending” to approve or deny the request. As always, before approving a request and paying anyone confirm that the nickname, username, and dollar amount are correct before confirming a transaction.
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