How to send and receive money from Zelle

In this article, we will show you how to send and receive money from Zelle. Zelle is a payment service app that lets you easily send money to the U.S. within minutes. Allows to send or receive money directly between bank accounts. This is a free service offered by many banks and credit unions. This can be used through the Zelle app or your bank’s mobile banking app.

How to send and receive money from Zelle

To send and receive money from Zelle you will have to take these steps:

First, you must enroll with Zelle through your mobile banking app (if applicable) or the Zelle app.
Enter the Email address or U.S. mobile number of the recipient.
Enter the amount you want to send.
Review and confirm the payment.

Once you confirm the payment, the recipient will be notified via email or text message. This will be sent by Zelle or their bank or credit union.

If the recipient has already enrolled with Zelle, they don’t need to do anything. They will receive the money directly into their bank account linked to their profile within a few minutes.

Check the following steps if the receiver has not enrolled in Zelle.

Click the link in the payment notification sent by Zelle or your bank or credit union.
Select your bank or credit union.
Now, follow the instructions provided on the page of your screen to enroll and receive your payment.

If your bank or credit union is not listed, you must download the Zelle app and enroll in Zelle with your Visa or MasterCard debit card to receive your money.

The recipient must enroll their Zelle profile within 14 days otherwise, payment will expire and money will be returned to the sender’s bank account.

If your bank or credit union doesn’t offer Zelle, in that case, you can send $500 weekly and the received limit in the app is $5000.

Zelle vs UPI

Zelle and UPI are both payment services apps that allow you to send and receive money easily directly from the bank accounts. However, there are some differences between both apps.

Zelle

Zelle is only available in the United States.
It is developed by leading US banks
Zelle is not open to non-banks.
It is only available through the Zelle app or your bank’s mobile banking app. Users can not utilize this service until they do not have a bank account.
Zelle money transaction limit depends on bank to bank.
Zelle allows you to send money to anyone who is enrolled in Zelle.
Money is usually transferred between accounts within minutes.
Zelle is a free payment service app for sending or receiving money with Zelle.

UPI

UPI is available in India.
It is a real-time payment service app which is operated by the National Payments Corporation of India (NPCI).
It is also open to non-banks, like third-party apps. Usually, the third-party apps that register in UPI are called TPAP (Third-party application provider). Some of the TPAPs are Google Pay, PhonePe, Paytm, etc.
UPI allows you to send money to anyone who has a bank account in India.
UPI also allows you to send money by scanning the AR code of the merchant or the receiver.
Currently, the daily transaction limit for UPI is 1 lakh.
UPI also allows you to schedule payments. This is called UPI Autopay. By using this feature, you can create a UPI Mandate for recurring payments.
The Government of India has expanded UPI outside India and today, UPI has been accepted by some countries, including Bhutan, Cambodia, Singapore, UAE, Malaysia, etc.
You can also request money from your friends or family using UPI.

Zelle vs GooglePay

Zelle and GooglePay are both mobile payment apps; however, they have some differences. Zelle is a good option if you need to send or receive money in the United States, but if you need to pay a business or send and receive money from relatives and friends, Google Pay is a good option.

Zelle

Zelle is a domestic money transfer service that supports transfers between United States banks in their network.
This app is only available in the United States.
This app allows you to send and receive money directly from the bank accounts.
There are no fees for sending and receiving money.
You cannot make payments to businesses.

Google Pay

Google Pay supports a variety of digital payment functions as well as international money transfer services.
The Google Pay app is owned and operated by Google.
This app is available in over 40 countries.
It allows you to make payments online by using a mobile phone.
There is no fee for sending and receiving money.

Is Zelle better than PayPal?

Both apps are payment service apps. Both the apps are good as per your choice. Zelle is a free service app that does not charge any fee for sending and receiving money. Because PayPal is used globally, it converts the currency before the receiver receives the payment. Due to this, PayPal charges a transaction exchange rate. PayPal also charges the base exchange rate. The transaction exchange rate is usually above the base exchange rate.

PayPal is available in over 200 countries, but Zelle services are limited to domestic money transfers. PayPal might take 3 – 4 business days to complete international payments.

PayPal payments are protected with multiple layers of security and fraud prevention, two-factor authentication, and data encryption.

Hence, if you have to send payments only in the USA, Zelle will be a good option for you. If you want to make international transactions, you can use PayPal.

How can I transfer money internationally from India?

You can use PayPal to transfer money internationally from India. For this you have to install the PayPal app on your smartphone. You can also use UPI to transfer money outside India in the countries who have accepted UPI. For this, you have to activate UPI International in Google Pay or PhonePe app.

Does PayPal work with Zelle?

No, PayPal does not work with Zelle. Zelle allows you to send and receive money to and from friends and family in the United States only. PayPal is a global online payment service app that allows you to send and receive money to and from anyone in the world and has a digital wallet.

That’s it, I hope this article helps you.