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Zelle is a mobile app that allows people to transfer money in a matter of minutes. Zelle is backed by leading U.S. banks and credit unions, and as such, it’s included in many banking apps.
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Zelle is a mobile app that allows people to transfer money in a matter of minutes. Zelle is backed by leading U.S. banks and credit unions, and as such, it’s included in many banking apps; if it’s not in your banking app, you can download the Zelle app separately. Once you have it, you can transfer money to anyone with a U.S. bank account.
How it Works
Sending money with Zelle is simple - first, you need to enroll in your bank’s app or the Zelle app. Once you’re set up, you then enter the email/phone number of the payment recipient and the amount of money you’d like to transfer. If the recipient has a U.S. bank account, the transfer will be completed in just a few minutes. If you’re transferring money to someone who doesn’t have Zelle, the first transfer may take a few days as a matter of security. Subsequent transfers to the same person will take just a few minutes.
Zelle uses authentication and monitoring features to ensure that all payments are secure. This is true whether you’re using the Zelle app or the app of your bank or credit union.
What Kind of Payments is Zelle Best For?
Zelle recommends using the app to transfer money to people you know, like family and friends. If you need to make a payment to someone you don’t know personally, Zelle founders recommend that you don’t use the app.
Would you like to learn more? Visit the following link for more details and information: zellepay.com.