Google Wallet will now automatically send money transfers straight to your bank account

An update to the Android and iOS apps mean you won't have to manually transfer your money when a friend pays up for that lunch tab.

google wallet transfer money
Credit: Google Commerce Blog

Google Wallet is getting a pretty nifty update that makes it a more appealing option for money transfers.

The latest version of the Android app will send money straight to your bank account, whereas previously you’d have to go in and manually move it over. This makes Google Wallet attractive for those times when you need to split the bill with a group of friends, as they can just text you money.

According to the changelog, the update also includes the typical round of bug fixes and performance improvements. 

The story behind the story: Before there was Android Pay, Google’s payment service was Google Wallet. It has since shifted to a Venmo competitor targeted at person-to-person money transfers, after the company retooled its tap-to-pay strategy with Android Pay. Mobile payments is a pretty crowded space, but Google’s advantage is the fact that pretty much everyone with a mobile device has a Google account.

This story, "Google Wallet will now automatically send money transfers straight to your bank account" was originally published by Greenbot.

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