Pay Back Loans With Your Phone
New technology and apps are turning our phones into our wallets. And now paying back your IOU's is as easy as tapping a button.
These apps withdraw that money directly from your bank account or debit card and instantly pay your friends.
Heads up, though. There are some fees involved and they are vary between apps. For instance, some charge you around 2% if you want to pay your friend back by credit card.