Google Wallet isn’t dead and, in fact, has just received a pretty nice update. The update that is rolling out in the Play Store now allows you to have funds you receive in your wallet to be automatically transferred to your bank account. This new feature is far faster than the cash out process that use to be your only option in the app. Now, once you have an account associated with Google Wallet, any time you receive funds, you can have them go to your bank account and be there usually within 2-3 days (your mileage will vary based on your bank).
Google Wallet is still a great way to send and receive money and while you can’t use it at stores to pay for things any more (that’s the role of Android Pay these days), it is still a good way to transfer
money from friends and family safely and securely.
In addition to the new auto transfer feature, there are several performance improvements and fixes in this update so you’ll want to get it when it comes to your device as an OTA update over the course of the next day or two.
If you haven’t checked out the app, it is free and available in the Play store now.