Does Zelle work with any Bank? Can you use Zelle with any Bank?These are the focus questions we shall be addressing in this article.
Zelle has become a popular payment service for sending and receiving payments. Many people have chosen to always use Zelle probably because of its zero “service fee”. That is, Zelle doesn’t charge any fee, whenever you use the service to send money. This is unlike many other similar payment platforms that always have service fees for any transaction.
What Is Zelle?
Before we address the question, “does Zelle work with any Bank?”, Let’s first understand more about Zelle is all about.
Zelle is a payment service through which you can send and receive money from people, easily and quickly. It is a P2P mobile payment platform similar to PayPal, Venmo, and so on.
One interesting thing about Zelle is that it does not charge any fee, and that’s why many people always love to use Zelle for their transactions.
If your bank offers Zelle, all you need is just the email or phone number of the recipient, to send money through Zelle.
However, unlike most other payment platforms, Zelle does not have a digital wallet, and cannot be used to save money or store wealth.
Zelle works directly with a Bank account or credit Union. This means that, to use Zelle, you would have to link it with your bank or Credit Union.
But the issue here is that not all banks use Zelle; there are some banks that don’t use the service. So, to get started with Zelle, it may wise to look out for Banks that use Zelle or credit unions that use Zelle.
How Does Zelle Work?
Before we proceed to address the question, – “do Zelle work with any Bank?” Let’s first understand how Zelle works.
With Zelle, you can send money to anybody, regardless of the bank they are using. This means that you can use Zelle to send money from one Bank to another, at no fee.
To use Zelle, you would have to download Zelle and sign up on the app. If your bank offers Zelle, there may be no need to download Zelle. You can access Zelle from your bank’s Website or mobile app; that’s only if your bank offers Zelle. Any bank that offers Zelle always has Zelle as one of the transfer options, listed on the transfer menu; so you can access Zelle right from there even without having the Zelle app.
If your bank or credit union does not offer Zelle, you can download the Zelle app, and sign up. But in this condition, you are limited to sending a maximum of $500 per week via the Zelle app.
With Zelle, you can send money to anyone with a U.S. bank or Credit Union Account. To send money to anybody, all you need is their email address or phone number.
Note that Zelle doesn’t have a digital wallet. All the payments made to Zelle are moved directly to its linked bank account.
If the person you are sending the money is already enrolled in Zelle, they will receive the money directly into their bank account within minutes, as long as the bank account is linked with Zelle. In this case, you don’t really need to enter the person’s bank account details. All you need is the person’s email or phone number that is linked to their Zelle account. Zelle will move the money directly to their bank account as long as the bank account is linked to Zelle.
But when you send money through Zelle to anyone that is not enrolled in Zelle, they will receive a text or email message, providing them with a guide on how to get the money.
If you send money through Zelle to anyone that is enrolled in Zelle, they will receive the money in just a few minutes. But if the person is not enrolled in Zelle, it may take 1 to 3 business days for them to receive the money.
Does Zelle Work With Any Bank?
No, Zelle does not work with any Bank. There are banks that use Zelle, while there are some that don’t. Some of the popular banks that use Zelle are: Bank of America, PNC Bank, Ally Bank, etc.
You can always check the website or mobile app of any Website to know if it uses Zelle.
How Can I Find Out If My Bank Or Credit Union Uses Zelle?
You can easily check to know if your bank uses Zelle. To do that:
You just have to check the website or mobile app of your financial institution.
- Open the app or Website.
- Look under the Transfers menu.
- If your bank/financial institution offers Zelle, you will see it as a transfer option on the transfer menu.
- Alternatively, you can check Zelle Website. Zelle has a searchable list of participating banks and credit unions on its website.
Can You Use Zelle With Any Bank?
No, you cannot use Zelle with any Bank. You can use Zelle to send money, only with the banks that use Zelle. However, you will still be able to receive payment from Zelle even if your bank doesn’t use Zelle.
Whenever Zelle payment is sent to anyone that their bank doesn’t use Zelle, they always receive the payment notification on their email or phone, with a guide on how to cash out the payment.
Can I Use Zelle Even If My Bank Doessn t?
Yes, you can use Zelle even if your bank or Credit Union doesn’t. But in this case, you would need to download the Zelle app, and sign up. In this condition, you are limited to sending a maximum of $500 per week via the Zelle app.
What Banks Participate In Zelle?
Now that we have addressed the question, – “does Zelle work with any Bank?” And you have known that you cannot use Zelle with any Bank or credit union; let’s now know those banks that use Zelle.
Though you can use Zelle even if your bank doesn’t offer it, using Zelle becomes smoother if your bank offers it. Below are some of the banks that use Zelle.
- Bank of America
- PNC Bank
- Ally Bank
- Bmo Harris Bank
- Connectone Bank
- Us Bank
- Bank Of Hawaii
- Chase Bank
- Amegy Bank, etc…
What Credit Unions Use Zelle?
Though there are some credit unions that don’t use Zelle, there are more than a lot of them out there that use Zelle; I would say over hundreds of them use Zelle. Some of the credit unions that use Zelle are:
- ABCO Federal Credit Union
- Abington Bank
- ABNB
- Academy Bank, etc.
You can check here to explore more of the credit unions that use Zelle.
Conclusion
Not all banks use Zelle. Any bank that use Zelle always have Zelle as a transfer option, in their official website or mobile app. Alternatively, you can also use Zelle’s official website to check for a list of banks that use Zelle.
However, you can still send or receive money through Zelle, even if your bank doesn’t use Zelle.
To send money if your bank doesn’t use Zelle, you would need to download the Zelle app, and sign up. In this condition, you are limited to sending a maximum of $500 per week via the Zelle app.
If your bank doesn’t use Zelle, whenever you receive a payment through Zelle, you would always get the payment notification in your email or phone, with a guide on how to cash out the payment.
