What Is Zelle?
Zelle is a service that works with banks to enable consumers to send money to friends, family, and more. The money transfers directly from the sender’s bank account into the recipients, but the sender only needs the email address or phone number associated with the recipient’s Zelle account. There’s no exchange of personal information or account numbers.
What Banks Use Zelle?
More than 300 financial institutions currently partner with Zelle, from Ally to Zions Bank. These banks and credit unions provide access to Zelle via their mobile apps and/or online banking options. You can view a complete list of partnered banks on the Zelle website. Even if your bank or credit union isn’t listed, you can still use Zelle via the Zelle app.
Benefits of a Zelle Money Transfer
Typically, when someone sends money using Zelle, the recipient has it available for use within minutes. That said, there may be a hold of one to three days on the money if the recipient is not yet enrolled with Zelle. This is designed as a security feature to reduce risk of sending money to the wrong person or being involved in a scam. Creating a fully enrolled Zelle profile prior to receiving money is recommended. Zelle also uses authentication and monitoring features in the app to secure payments. In addition, banks offering access to Zelle provide security features in their mobile apps, as well as online.
How to Register With Zelle
If your bank provides access to Zelle, there is no sign up process. You simply log into your financial institution’s online banking platform or mobile app and locate the Zelle Transfer option. If your bank is not a Zelle partner, you must download the app in order to enroll with Zelle. Once the app is installed, you can sign up with Zelle to begin sending and receiving payments. Download For:
How to Send Money With Zelle
Sending money through Zelle using your financial institution’s mobile app or online banking platform is typically straightforward. Although this is usually located in the transfer/send money section, every bank is different. Check with your financial institution to find out how and where to access Zelle payments.
Balances and transactionsAccount DetailsQuickpay with Zelle
You can also send money through the Zelle app.
How to Receive Money With Zelle
Once enrolled with Zelle, you can receive instant payments from others. You’ll receive a notification via email or text message when money has been sent to you. Log into your bank’s platform or go to the Activity page in the Zelle app to view payments you have received.
