Psi Pegasi, which is Latinized from ψ Pegasi, is a binary star system within the great square in the northern constellation of Pegasus. It has a red hue and is faintly visible to the naked eye with an apparent visual magnitude of 4.66. This object is located at a distance of approximately 476 light-years away from the Sun based on parallax, but is drifting closer with a radial velocity of −6.6 km/s.