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Zak Killermann is a publisher at Finder who’s been specializing in cryptocurrencies and blockchain technology for four years — covering everything from ICO booms, crypto winters, memecoins and more. He’s mined and minted cryptocurrencies, and remembers the days when DOGE was just for fun. Zak’s focus is in breaking down technical concepts into approachable nuggets of information. Before diving into all things crypto, Zak contributed to Finder’s money transfers vertical. Zelle is a mobile payment processing network developed by some of the largest American banks – Bank of America, Chase, Capital One and USAA among them. Zelle is known for transferring money nearly instantly between users who have bank accounts that support Zelle integration. However, Zelle provides no form of fraud protection and transfer limits vary depending on your bank or credit union. Why should I consider Zelle?
What to be aware of
How does Zelle work?Zelle works by moving money directly from one bank account to another. Zelle sends your recipient a text or email once a payment is waiting for them. If the recipient’s bank supports Zelle, they can accept the payment through their mobile banking app. Otherwise, the recipient uses a link provided by Zelle to accept the payment to a debit card. Unlike Cash App, Google Pay, Venmo and other competitors, there is no escrow or intermediary period where the money is held by Zelle. Instead, money moves directly from your bank account to your recipient’s in as little as a few seconds. Zelle is free to use, but check with your bank to make sure you won’t pay withdrawal or transfer fees when using Zelle. What banks currently use Zelle?Zelle is supported by more than a thousand banks or credit unions. Major banks include:
Can I use Zelle if my bank doesn’t support it?Yes, but it will take at least a few days and may not be free. Your options include:
Wise: A solid alternative to ZelleWhen you need to send money to a friend or family member in the US, benefit from fast service and low transfer fees with Wise.
Does Zelle charge a fee?The good news is that Zelle doesn’t charge a fee to send or receive money. However, your bank may charge a fee. It’s best to double-check the terms of service on your account or call your bank before using Zelle. What is Zelle’s transfer limit?The Zelle weekly limit is set to $500 if you don’t have an account with a Zelle participating bank. If your bank or credit union does offer Zelle, then you will need to contact them directly to find out their sending limits when using the service. How long does an international transfer with Zelle take?Transfers between two supported banks typically happen within minutes. However, if you are transferring to an unsupported bank, you may find it takes longer for your funds to arrive. Transfers typically
take InstantHow to send money with ZelleSending money with Zelle can be done in just a few steps, either through your bank’s mobile app, the web or the Zelle mobile app for Android and iOS.
How to receive money with ZelleReceiving money with Zelle shouldn’t take long after receiving your payment notification, but payments through a debit card may take a few days or more.
Is Zelle safe to use?Zelle is used by hundreds of US banks and transfers money directly between bank accounts. However, just because your money should be safe in Zelle’s hands doesn’t prevent user error while transferring money through the app. Here are some key tips to increase the safety of your Zelle transfer.
How does Zelle compare to other services that send money in the US?If you want to see how Zelle stacks up against other services that support domestic transfers in the US, take a look at our comparison table. Frequently asked questionsCan you use Zelle with Wescom?Wescom has partnered with Zelle – a fast, safe, and easy way to send money in minutes1 to friends, family, and others you trust – no matter where they bank2 – right from the Wescom Mobile Banking App. To get started: Log into the Wescom Mobile Banking App and select the Zelle icon.
How much can you transfer on Zelle?If your bank or credit union offers Zelle®, please contact them directly to learn more about their sending limits through Zelle®. If your bank or credit union does not yet offer Zelle®, your weekly send limit is $500. Please note that you cannot request to increase or decrease your send limit.
Does Wescom have mobile deposit?Wescom SnapDeposit
Deposit checks straight into your Wescom Account from an Android™ or Apple® device with SnapDeposit*. Login to Wescom Mobile Banking App to start depositing checks from wherever you are, conveniently and securely – saving you time.
Does Wescom have an app?We're always looking for ways to improve your overall banking experience with us – that's why we redesigned the Wescom Mobile Banking App. To help simplify and streamline some of the most commonly used features on the app, we eliminated the extra clicks and screens so you can easily bank on-the-go.
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