Zelle is an American financial services company that allows you to transfer money between banks. The company is owned by Early Warning Services, which belongs to Bank of America, BB&T, JPMorgan Chase, PNC Bank, Capital One, U.S. Bank, and Wells Fargo. You might be asking a question like can I send money from Zelle to chime? You will find out about it later in this article, so just stay around.
To use Zelle, you should have an account with a bank that works with Zelle. When using online services for your bank, Zelle will automatically appear in your account. The importance of Zelle is to shorten the duration for transferring money electronically across banks. Usually, it takes around 3-5 days for funds to move from one bank to another. However, with Zelle, recipients of other banks can get money instantly.
It is crucial to understand that Zelle only operates in the US. That means that you cannot use Zelle to move money to other countries of the world. That is quite disadvantageous. Isn’t it? However, international transfers are still possible with other platforms such as PayPal, Payoneer, Western Union, MoneyGram, and Skrill. ACH transfers using your bank account are still helpful and more secure for intranational transfers.
How do I get started with Zelle?
Getting started with Zelle is easy. If your bank supports Zelle, you will find it on your mobile banking app or online banking. You need to follow a simple process to create your Zelle account. Some credit unions also offer Zelle banking services.
If you cannot see Zelle in your banking app or online banking site, you can download it from the relevant site and enroll. There is a Zelle app for Android and iOS. For android devices, you can get it at the Google Play Store while you can get it from the App Store for iphone devices.
After downloading the app, you can enroll by first entering your basic contact information, including a U.S. mobile number, email address, and a Visa® or Mastercard® debit card, which connects to a U.S.-based bank or credit union account.
Since Zelle does not work with international banks, you cannot add a card that links to a bank in another country. Once your Zelle account is ready, you will be able to send money with a checking account number instantly to other banks.
How can I use Zelle?
Once you create an account with Zelle, you need to understand how to use the service. Zelle allows you to send, receive and even request money from other Zelle users. When sending or requesting money, you only need to follow the steps below.
- Add your recipient’s email address or U.S. mobile number
- Enter the amount you’d like to send or request
- Review the transaction details
- Add a memo
- Hit “confirm.”
The money will be available in the recipient’s account within minutes unless there are technical issues with the platform. When you select ‘Request’ from your friend, you need to enter your email address or mobile number registered with Zelle, and they will receive the details.
Remember, you can send or request money to anybody you trust so long as they have a bank account in the US. That can be your friend or your relative. If at least the sender or the recipient has Zelle, you can both use Zelle.
How do I receive money from Zelle?
If you have a Zelle account, you do not need to take any action to receive money into your bank account since funds will move automatically into your bank account within minutes. However, if you receive money via Zelle and do not have an account, you can follow the steps below to get your money.
- Click on the link in the payment notification.
- Choose your bank or credit union.
- Follow the instructions provided to enroll and receive your payment.
Alternatively, you can download the Zelle app and enroll with your Visa or Mastercard debit card if your bank or credit card does not support Zelle.
Does Zelle have transfer limits?
Every Zelle user must ask a question like; how much money can you send through Zelle? It is essential to understand the sending limits so that you can plan your transfers well. For banks and credit unions that support Zelle, you can contact them and know the sending limits. However, if you are using the Zelle app, your sending limit is $500 per week.
The transfer limits are not changeable even upon request, and you have to adapt to them if you are a frequent Zelle user for money transfers.
How can I send money from Zelle to Chime?
Chime is not a bank but a financial technology company that operates online. It offers services similar to that of banks. Zelle does not support direct transfers to Chime users, and thus you will have to use indirect means to avail money from your Zelle account to Chime. The process below is essential.
1) Link Zelle to a bank account
If you have an account with a bank that supports Zelle, you can link Zelle to the bank. When linking your bank to Zelle, you need to provide the following details to identify your bank.
- Social Security Number
- Routing number
- Account number
- Name and address associated with the bank account
You need to follow all the steps in your Zelle app to link your bank successfully. Linking your bank account to Zelle takes a few minutes.
2) Link the bank account to Chime
Once you have linked your account to Zelle, you then need to link the same account to your Chime account. I suppose you already have a Chime account, or you can set up one. To link your Chime account to a bank account, follow the steps below.
- Navigate to the ‘Settings tab.
- Select the ‘Link a Bank Account ‘option.
- Scroll down the list of the available banks and select your bank.
- Provide the exact banking details as you did when linking the account with Zelle.
3. Send money from Zelle to Chime
After successfully linking Zelle and Chime to the same bank account, you can then transfer money from Zelle to Chime. The first step is moving money from Zelle to your bank account, and that happens instantly. You can then start moving money from your bank account to Chime.
- Log in to your Chime online account.
- Select Move Money.
- Hit on Transfers.
- Enter the login information for your other bank when you are prompted to do so.
- Complete the transaction.
Once you complete the process above, you will have succeeded in transferring money from Zelle to Chime. You can also transfer money from Chime to a bank account when the need arises. You can do it online or over the counter by presenting your Chime Visa Debit Card to the teller, who then helps move money to your bank account. However, there is a need for Zelle and Chime users to pressure the two services to work together for efficient transfers.
How do I open a Chime account?
You can open a Chime account online since it is purely an online platform. You only need a phone or a computer and a reliable internet connection. There are three main steps you should use to open a Chime account. They include the following.
i) Apply for a Chime spending account
When you are applying for a Chime spending account, you need to provide the following information.
- Your legal names
- Social security number (SSN)
- Email and a password
The above information is essential to verify your identity and also help prevent fraud and money laundering. Chime confirms your account and sends you a notification. Also, remember that you should be a US citizen with at least 18 years of age to open a Chime account.
ii) Download the Chime App
You should download the Chime App to use the Chime services on your smartphone effectively. If you are using Chime on your computer, you can use it on your browser. For android devices, you can get the Chime app from your Google Play Store or get it from the Apple App Store, depending on the operating system for your phone.
iii) Set up direct deposit with Chime
Since you will need money in your Chime account, you will need to provide Chime routing and account numbers to your employer so that they can send money to your account via direct deposit. Your clients can also send you payments for goods and services rendered in your Chime account.
Can I send money from Zelle to the Cash App?
You might be asking yourself the question; can you send money from Zelle to a cash app? You cannot directly send money from Zelle to the Cash App. However, you can link both online platforms to a similar bank and then transfer money from Zelle to a bank account and then to Cash App. These online platforms are usually rivals, and there is no way they will allow you to transfer money across them.
Zelle and Chime are online platforms that operate in the United States of America. Zelle allows you to transfer money instantly across banks to help lessen the duration of moving money from one bank to the other. You can send money to someone who is not on Zelle, but they need to set up an account using the link sent to them to access the funds.