Skip to Content
AP-National

Kimberly Palmer: What college students need to know about payment apps

By
Published 5:00 AM

By KIMBERLY PALMER of NerdWallet

Peer-to-peer payment apps make sending money to friends easier than ever for college students, but the convenience can leave them vulnerable to errors, fraud and overspending. Financial experts suggest guarding against scammers by being wary of payment requests and carefully checking all recipients. They also recommend strengthening privacy settings on the app to keep payments private. People who use the apps should also consider transferring their balance out of payment app accounts regularly to earn a return on their money and ensure FDIC protection. Finally, experts suggest making sure payment app users take time to budget and consider using the apps to help track spending.

Article Topic Follows: AP-National

Jump to comments ↓

Associated Press

Related Articles

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content