Hingham provides several digital payment methods to move funds securely, depending on whether you are transferring between your own accounts, paying a friend, or settling a vendor invoice.
Use the guide and comparison matrix below to determine which payment rail fits your needs:
Payment Method | Who You Are Paying | Information Required | Delivery Speed | Typical Use Case |
Transfer Money
| Your own Hingham deposit or loan accounts | None (accounts already linked in your profile) | Instant (Real-time, 24/7) | Moving funds between checking and savings, or paying a Hingham loan. |
Send Money with Zelle® | Friends, family, or small businesses with a U.S. bank account | Recipient’s registered mobile phone number or email | Minutes | Splitting shared bills, sending gifts, or paying casual personal contacts. |
External Accounts
| Your own account at another U.S. bank or brokerage | Outside bank routing number, account number, and ownership verification | 1–3 business days (Standard ACH) | Moving larger balances between your external financial institutions. |
Bill Pay
| Utility companies, billing entities, landlords, or individuals | Payee name, billing address, and your billing account number | 1–2 business days (e-Payment) or 5 days (mailed check) | Paying utilities, credit cards, rent, or payees that do not accept peer-to-peer apps. |
Wire Transfers
| Domestic or international third parties, escrow, or legal closings | Beneficiary name, full physical address, routing/ABA or SWIFT code, account number | Same day (subject to daily cut-off times) | Time-sensitive transactions, real estate closings, or high-value transfers. |
Understanding the Differences
1. Transfer Money (Internal Transfers)
How It Works: Executes immediate book transfers between deposit accounts (checking, savings, money market) and loan accounts linked under your primary digital profile.
Best For: Routine cash management, funding high-yield savings balances, or making scheduled mortgage and HELOC payments.
Availability: Available 24/7/365 with immediate ledger settlement.
2. Send Money with Zelle®
How It Works: Connects directly with the national Zelle® network to send funds to any enrolled individual or eligible business with an account at an American financial institution.
Best For: Casual person-to-person payments, everyday reimbursements, and immediate payments to individuals who do not bank at Hingham.
Key Detail: Funds move within minutes and cannot be canceled once sent. Standard daily and monthly security limits apply.
3. External Accounts (Me-to-Me Bank Transfers)
How It Works: Utilizes the Automated Clearing House (ACH) network to pull or push funds between your Hingham accounts and accounts you legally own at an outside U.S. financial institution.
Best For: Consolidating funds, rebalancing accounts at other banks or credit unions, or setting up recurring monthly transfers between outside institutions.
Key Detail: Requires initial account verification via instant login credentials or micro-deposits prior to the first transfer.
4. Online Bill Pay
How It Works: Replaces manual check writing by debiting your account and disbursing funds directly to a company or individual payee.
Best For: Setting up predictable recurring payments for recurring household expenses, utility bills, tuition, medical payments, or vendors who do not take cards.
Key Detail: If the billing company accepts electronic clearing, funds arrive in 1–2 business days; if the payee requires paper settlement, the bank automatically prints and mails a physical paper check on your behalf.
Security Advisory: Always double-check recipient phone numbers, email addresses, and account numbers prior to submitting any outgoing transaction. Transactions sent via third-party rails like Zelle® or wire transfers generally cannot be reversed once processed. For assistance reviewing your transfer limits or tracking a payment, contact Customer Support at 781-749-2200.