Wells Fargo is bringing real-time person-to-person (P2P) transactions to its mobile customers. Beginning August 1, Wells Fargo’s service will allow its customers to send funds in real-time at no cost to any customer of a bank that participates in the real-time service.

Customers can access real-time P2P payments through Wells Fargo’s mobile and tablet apps. Using the email address or phone number of the payment recipient, customers can initiate a P2P payment, which will generate and send a payment notification to the recipient telling them their funds are available to spend, withdraw, transfer or save.

The service operates on clearXchange network. ClearXchange, an Early Warning company, is owned by Bank of America, BB&T, Capital One, Chase, PNC, U.S. Bank, and Wells Fargo.