You Can Soon Send Money to Your Friends on Facebook

TIME

Facebook wants your debit card information.

The social media giant announced Tuesday it will soon allow users to securely send and receive money via Facebook’s standalone Messenger app. The free service, which is being released gradually to U.S. users over the coming months, will require a linked Visa or MasterCard debit card that has been issued by a U.S. bank.

Facebook said the updated Messenger app will include a “$” icon on the screen that will lead to a payments screen when tapped, allowing users to enter the amount of money they wish to send to a specific friend. Both users involved in a transaction would need to have a debit card linked to their Facebook accounts to make the transfer.

As an added layer of security, Facebook said users will have to create a PIN that must be entered before a money transfer can be made, while Apple iOS…

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