P2P payments are electronic and can be sent real-time or via ACH (Automated Clearing House). Recipients can select how quickly they want to receive their payment.
When a payment is sent, both the sender and the recipient will be notified when it has been delivered. Payments can be scheduled to be delivered on a future date, as recurring payments, or as a one-time payment. When a payment is scheduled, a reminder notification will be sent to the recipient prompting them to claim their money. If the recipient does not claim the payment, both the sender and the recipient will be notified and the payment will be canceled and unable to be claimed. If this happens, the payment will need to be sent again.