Author: Shiloh Hills

Sending and receiving money on your mobile device has never been easier than it is now. Zelle, a mobile payment app, has transformed the way people transfer money by allowing them to send money in seconds without having to write a check or go to the bank. 

Splitting expenses and transferring money to friends and family is a breeze when using Zelle.

But what is Zelle and how does it work? Continue reading to learn how to use the app to make quick and secure money transfers.

What Is Zelle?

Zelle is a mobile payment app that enables peer-to-peer (P2P) transactions. You may send and receive money from friends and family members regardless of which bank they use. Zelle can also be accessed through some banking applications since the service is already linked with the mobile apps of major banks in the country, including Bank of America, Wells Fargo, Chase, and Citibank. Currently, Zelle presently has over 100 million active users.

How Does Zelle Work?

Unlike other mobile payment apps, Zelle allows users to transfer money from one bank account to another. When sending money, Zelle eliminates the need for account numbers, which can take several business days before the recipient receives the money. 

When you transfer money using Zelle, the recipient will get the funds in their bank account within a few minutes.

To transfer money through Zelle, all you need is the recipient’s email address or phone number. After you make the transfer, Zelle sends the recipient a text message or email alerting them that they have received payment and providing a link to accept the money. If the recipient’s bank is a Zelle partner but they haven’t signed up for Zelle’s service yet, all they have to do is sign up using their bank’s mobile app, or website to get the money. Even if the recipient’s bank isn’t a participating partner, they can still accept the money by downloading and signing up on Zelle’s mobile app. However, new users may have to wait up to three business days for their account to be authorized.

How to send money with Zelle

Step one: Sign up for Zelle with your mobile number or email address through your banking app or the Zelle app.

Step two: Enter a recipient’s email address or phone number.

Step three: Enter the amount to be transferred and press the ‘Send’ button.

Unlike other P2P payment services, Zelle does not charge users a fee for transfers. For users whose banks are not participating partners, the weekly limit for sending money using Zelle is $500. If your bank is a participating partner, you can receive money without restrictions; contact your bank for their sending limit.

Conclusion

Overall, Zelle is a good option for quick and safe peer-to-peer transactions. Unlike other P2P platforms, Zelle does not charge transfer fees, and their service is second to none when it comes to sending and receiving money from friends and family. If you don’t have Zelle account, it can consider having one.