Zelle is a digital payment network owned by major U.S. banks. It allows users to send and receive money directly between bank accounts quickly and easily. Zelle is integrated into many bank apps and also has its own standalone app.
1. Account Basics
1.1 Creating an Account
To use Zelle, you need a U.S. bank account and either a mobile number or email address. Many banks have Zelle built into their apps. You can also download the Zelle app separately.
1.2 Account Types
Zelle offers personal accounts for individuals and business accounts for companies13. Business accounts may have different features and limits.
1.3 Account Limits
Zelle limits vary by bank. Common limits are:
- Daily send limit: $1,000 to $2,500
- Weekly send limit: $4,000 to $10,000
- Monthly send limit: $5,000 to $20,000
2. Account Information
2.1 Finding Your Account ID
Your Zelle ID is usually your email address or phone number.
2.2 Locating Your Account Number
Zelle doesn’t use account numbers. It links to your bank account.
2.3 Routing Number
Zelle doesn’t use routing numbers directly. It works through your linked bank account.
2.4 Other Unique Identifiers
None. Zelle uses your email or phone number as your ID.
3. Using Your Account
3.1 Sending Money
To send money:
- Open your bank app or Zelle app
- Choose “Send Money”
- Enter recipient’s email or phone number
- Enter amount and add a note (optional)
- Review and confirm
3.2 Receiving Money
When someone sends you money:
- You’ll get a notification
- If you’re enrolled, money goes straight to your account
- If not enrolled, follow instructions to claim the money
3.3 Direct Deposits
Zelle isn’t typically used for direct deposits. It’s for person-to-person transfers.
3.4 Linked Bank Accounts
You can only link one bank account to Zelle at a time.
4. Features and Services
4.1 Mobile App Features
- Send and request money
- Split bills
- Manage contacts
- View transaction history
4.2 Web Platform Features
Zelle is primarily mobile-based. Some banks offer web access through online banking.
4.3 Additional Services
Zelle focuses on money transfers. It doesn’t offer investing or cryptocurrency services.
5. Fees and Charges
Typically, there are no charges from Zelle for you, the end user. Zelle makes its money by charging the banks it partners with and “skims” of their fees.
| Transaction Type | Fee |
|---|---|
| Sending money | Free |
| Receiving money | Free |
| Instant transfers | Free |
6. Security and Privacy
6.1 Security Features
- Encryption
- Firewalls
- Device security (like fingerprint or face ID)
- Information access controls
6.2 Privacy Settings
Zelle doesn’t have many customizable privacy settings. Your transactions are generally private15.
6.3 Best Practices for Account Safety
- Only send money to people you trust
- Double-check recipient info before sending
- Don’t use Zelle for business transactions
- Enable your device’s security features
8. Customer Support
7.1 Contact Methods
- Phone: 1-844-428-8542
- Hours: 10am to 10pm ET, seven days a week
- Closed on major holidays
7.2 Common Issues and Solutions
- Payment not received: Check recipient info
- Can’t enroll: Verify your bank supports Zelle
- Transfer limits: Contact your bank for increases
8. Comparison with Other Payment Systems
| Feature | Zelle | Venmo | PayPal |
|---|---|---|---|
| Speed | Minutes | 1-3 days (free) | 1-3 days (free) |
| Fees | Free | Free (except credit cards) | Free (except some transfers) |
| Bank integration | Direct | Separate account | Separate account |
9. Pros and Cons
9.1 Good Points
- Fast transfers
- No fees
- Bank integration
- Widely available
9.2 Not-So-Good Points
- Limited to U.S. banks
- Can’t cancel payments
- No buyer protection
- Potential for scams
10. What’s Coming Next
Zelle is working on expanding business features and improving fraud protection. Some banks, like SoFi, are planning to add Zelle soon
