A first-time Zelle recipient will get a prompt to set up an account, but if he or she doesn't want to, that money will be in limbo for two weeks, and neither one of you can do anything about it. Otherwise, the payment returns to the sender's account after 14 days. Second, if the person on the receiving end doesn't have Zelle, he or she will have to set up an account. (Also, make sure the person actually wants the money you're offering, as I learned the hard way when trying to settle up dinner expenses with my family.) As such, Zelle recommends that you send money only to trusted contacts. First and foremost, once you send money on Zelle, there is no way to stop the transfer. Neither one of you needs to do anything else.īut there are a few caveats. If the recipient has a Zelle account set up, the transfer will go through automatically.
(If you are using the Zelle app rather than a banking app, you can go to the Send screen.) Then, enter the recipient's phone number or email address, and type out how much money you want to send. To send someone money, just go to the "send money" section of your bank's app or website. Signing up for Zelle is the hard part once you have it up and running, using it is simple. (If your bank doesn't support Zelle and doesn't give you free checks, it is high time to switch banks.) Sending and receiving money with Zelle If it's a modern card from a big bank, it will probably work if not, you'll have to break out your checkbook the next time you want to send someone money. You can download the Zelle app and then enter your Visa or Mastercard debit card information. MORE: Mobile Banking: 8 Tips to Protect Yourselfīear in mind that if your bank does not support Zelle, you can still try to sign up for it, although success is not guaranteed. Then, I tapped on my checking account to link it with Zelle, and that was that.
Zelle sent me a verification code, which I used to verify my contact information. From there, I had to confirm my email address and phone number, then review Zelle's terms of service. There was an option to sign up for a Zelle account, which I tapped on. I opened my bank's mobile app and went to the Send Money section. Some banks also let you sign up through Zelle on a computer, so you don't have to use a smartphone if you prefer to do things on a bigger screen. Remember: Both your bank and Zelle want you to sign up, so finding out how to start the process shouldn't take too long.
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