Me2me transfers settle directly between banks, not through intermediaries, just like regular bank transfers. However there is one important difference between me2me and traditional bank transfers initiated directly from within a banking app.
Me2me transfers allow for a much better, quicker and safer payment journey when transferring between bank accounts in your name especially where multiple banks are involved, as all the necessary transfer instruction information (e.g. account name, account number, sort code, etc) are sent directly to your bank app for you to simply review and approve. This means there is no need for you to manually create new payees, nor enter any transaction information yourself and run the risk of a 'fat finger' error.
Using Marygold me2me transfers, you simply decide the amount, the paying and receiving accounts, then send the instruction to your bank for your review and approval.
No bank login information or credentials are ever exchange with Marygold, Moneyhub nor anyone else. The security model for all open banking payments is robust (see here for details).
The whole process is highly secure, highly convenient and usually takes seconds needing only a few taps on your phone.