How to Use Zelle: Send and Receive Money

We live in an era where you can easily find information with just a few clicks, communicate with people worldwide, and make instant financial transactions. Advanced tech has brought to life mobile payment services that make quick money transfers a breeze. One such popular service is Zelle.

According to similarweb data, as of August 2023, the service ranks 16th globally and 3rd in the United States. The total number of monthly visits is 4.3 million.

It allows customers to send and receive money directly to their bank accounts. The payment solution is integrated into the mobile platforms and online services of many major banks in the United States, but there is also a separate app that you can download from the App Store or Google Play.

If you wonder how Zelle payment processing works, experts at Rates have prepared a step-by-step guide that will help you understand how to use Zelle for sending and accepting funds.

How to Use Zelle

Zelle is a reliable P2P payment solution for money transfers to family, friends, and anyone you trust. It has become widely favored in the US for being fast, straightforward, safe, and extremely convenient. To use it, you just need:

• US Bank Account: Zelle partners with many major banks and credit unions in the US, including Bank of America, Capital One, Citi Bank, JPMorgan Chase, PNC Bank, U.S. Bank, Wells Fargo, etc.
• Email Address or Mobile Phone Number: You'll need an email address or a US mobile phone number to enroll.
• Bank's Online or Mobile Banking: If your bank doesn't support Zelle, you can use their app directly.

Send Money With Zelle

How to send money with Zelle? The entire process is pretty straightforward, whether you use the Zelle app or banking account:

• Access Zelle: Launch your bank's mobile app or the app and sign in.
• Select 'Send Money': Navigate to the section for sending money. When using your baking app, locate the "Send money with Zelle" tab.
• Add Recipient: Choose a recipient from the list or create a new one by providing their full name, email address, or phone number.
• Enter Amount: Specify the amount you want to send. At this point, you should check for sending limits with your bank since they vary by financial institution. If your bank doesn’t enlist Zelle yet, your sending limit in the app will be $500 per week.
• Verify and Approve: Carefully review all details, such as the recipient's information and the transaction amount. Approve the transaction to proceed.
• Notification: Upon successful completion of the transaction, the recipient will be notified via email or text message that they have received money from you.

Note: Each bank has its own terms and conditions, so the process of sending money may vary slightly.

A payment can only be canceled if the recipient is not registered with Zelle. Otherwise, the money will be credited to their bank account within minutes, and you won't be able to retrieve it. Therefore, it's important to send money with Zelle only to trusted individuals.

Receive Money

How to receive money with Zelle? No matter if you have an account or not, receiving funds is very easy:

• Notification: You will receive a notification via text message or email indicating someone has sent you money.
• Access Zelle: Open your bank’s mobile app or the Zelle app and log in.
• Enroll with Zelle: If you haven't already enrolled, follow the link in the notification to enroll with the service using your email address or US mobile phone number.
• Link Bank Account: Connect your bank account to your Zelle profile, if not already linked.
• Receive Money: The money will be deposited directly into your linked bank account, typically within minutes. If your financial institution doesn't maintain Zelle, you will be able to receive no more than $5,000 weekly through the Zelle app.
• Check Balance: Confirm the funds’ arrival by checking your bank account balance.

Whether you use the Zelle app or just the Zelle service as a part of your banking app, it doesn't charge any transaction fees. However, there are some limits on the transfer amount and the number of payments within a certain period. You can find precise information about these limits at your bank where you have an account.

Knowing how to transfer money with Zelle lets you easily and securely conduct transactions while saving valuable time. Start enjoying all the benefits of the service today!