Ladysmith Federal

Keep Your Money with Your Bank. Send It from Your Bank.

A Smarter Way to Make P2P Payments

Payment apps can be convenient, but there’s an important difference between keeping money in a bank account and keeping money with a nonbank payment app.

When your money is held in an eligible deposit account at Ladysmith Federal, it is protected by FDIC deposit insurance up to applicable limits. 

With Zelle® through Ladysmith Federal, there’s no need to maintain a separate balance in a payment app. Money is sent directly from your eligible bank account to someone you know and trust, typically within minutes.

Why Keep P2P Payments Close to Home?

• Your money stays connected to your bank account. There’s no need to leave extra funds sitting in a separate nonbank app.
• You have a local team to call. If something looks suspicious or you have questions about a transaction, contact Ladysmith Federal directly and we can help you understand your next steps.
• Third-party apps are different. Companies such as Venmo are not themselves FDIC-insured banks. Some Venmo balances may qualify for pass-through FDIC insurance under specific conditions, while other balances do not. And if money is sent or held outside Ladysmith Federal, our ability to recover or reverse those funds may be limited. 

Send Money with Zelle® Through Ladysmith Federal

Already using Online or Mobile Banking? You can enroll in Zelle® through Ladysmith Federal and send money to friends, family, and others you know and trust.

Bank local. Pay confidently. Keep your money connected to Ladysmith Federal.

^{Zelle® should only be used to send money to people you know and trust. Once an authorized payment is sent to an enrolled recipient, it generally cannot be canceled or reversed, and Zelle® does not provide purchase protection for authorized payments.}