What is zelle mail
Zelle is a peer-to-peer (P2P) payment service that allows users to send and receive money directly from their bank accounts. It's a popular payment method in the United States, and many banks and credit unions offer Zelle as a service to their customers.
Zelle is often referred to as "Zelle Mail" because it uses email addresses to facilitate transactions. Here's how it works:
- You link your bank account to Zelle through your online banking platform or mobile banking app.
- You enter the recipient's email address and the amount you want to send.
- Zelle sends a notification to the recipient's email address, which includes a link to accept the payment.
- The recipient clicks on the link, verifies their identity, and accepts the payment.
- The funds are transferred from your bank account to the recipient's bank account.
Zelle is a convenient and fast way to send money to friends, family, or businesses. It's often used for everyday transactions, such as:
- Splitting bills or expenses with friends
- Paying rent or utilities
- Sending money to family members
- Making online purchases
Some benefits of using Zelle include:
- Fast and secure transactions
- No fees for most transactions (check with your bank for any potential fees)
- No need to share sensitive financial information, such as account numbers or routing numbers
- Easy to use and set up
However, it's essential to note that Zelle is not a bank, and it doesn't store your money. Instead, it facilitates transactions between your bank account and the recipient's bank account.