2020 is here and almost all in the banks in the United States are making use of the zelle pay, but the question is what banks use zelle 2020 to send and to receive money.
This is what this post is all about, listing all the banks that uses the zelle pay for money transfer. Before going further into what banks use zelle 2020, let’s first understand what is actually zelle pay
What is Zelle Pay
Zelle is a payment processing network, used in the United States, for good convenient and faster means of sending and receiving money.
Zelle is bit similar to the money or western union, but doesn’t require you to use a bank account number. All you need is to use an email address and phone number.
Maybe quite similar to PayPal though the money goes straight to the bank account. Zelle pay is actually growing, and most banks are really making use it for their customers.
I pray that with time, it becomes worldwide as Paypal prohibit some countries from transferring money to their local bank account.
Zelle has a mobile app called the zelle mobile app, it allows users to send money to recipients at any other bank.
However, if your bank is already one of Zelle’s partners, you can access it directly through your bank’s app, with no need for additional accounts or more apps.
What banks use zelle 2020
I want you to know that Zelle itself doesn’t charge a fee, but if your bank doesn’t support the app, then you should check to see if they charge separate fees.
So what banks use zelle in 2020, the list goes below;
- Bank of america
- Jp Morgan Chase bank
- Wells Fargo
- Capital one
- Morgan Stanley
- Ally bank
- US Bank
So far, these are the banks that use quickpay with zelle pay network in 2020.
Chase was among the first number of banks that adopted the zelle network, and so far it has really helped it’s customers for faster money transfer.
Note that Chase QuickPay with Zelle is different from Chase Pay, zelle allows a customer to make payments using their phone.
This is actually how chase zelle works;
First you have to sign in to Chase bank website, using your account details. On the menu, tap on the chase QuickPay with Zelle” from the “Pay & transfer”.
Kindly accept the service agreement and privacy Notice. Next is to verify your email address or mobile phone number via the one-time code that Chase bank will send to you on your phone number.
On the next screen, you are to select the account you want to use. You will select either checking account or the Chase Liquid card you wish to use to make your Chase QuickPay with Zelle payment.
After you’ve completed all the steps above, you’re good to go. You can now request, receive and send money using your chase bank account via zelle pay.
How do i use chase zelle pay to receive or send money?
The most effective and convenient way i will tell you is through chase bank mobile banking app.
To do that, simply sign in to your account, on the navigation tab, select send money and tap on the QuickPay with Zelle button.
Select your recipient and you can also add new recipient to your account. Type in the amount you want to send and you’ve the option to review for the last time. After that, tap on the send money button.
Wells Fargo Zelle (what banks use zelle)
Wells Fargo is another bank that makes use of zelle, and it is only applicable for those with checking and savings account.
Not only having wells fargo checking or savings account, you also need to have enrolled for the internet or online banking, as it is only the means which you can send money using the zelle pay.
How to use Wells fargo zelle quickpay?
First sign in to your online banking account, click on the Send Money with Zelle button, and accept the transfer services notice.
Add the recipient that you’re sending the money to, and also the amount that you’re sending. Review it for the last time and tap the send button.
Note, to add recipient to your wells fargo online banking account, select the address book icon to access your recipients, then select the ‘+’ icon to add a recipient.
From the Add Recipient screen, enter your recipient’s email or U.S. mobile number, or choose the Account tab and enter their Wells Fargo account number. Then enter their first and last name.
Finally select save or the send money to save this contact to your Zelle recipient list.
Having successfully sent the money to the recipient, the recipient will be notified of the payment, and the money will be deposited into their designated account.
Please note that in the case that you’re sending the money to a recipient that haven’t enrolled for wells fargo zelle account, the money won’t go directly into his or she account.
Instead the recipient will receive a mail, which contains an instruction on how to enroll before he or she can receive the money.
Registration is required to associate their email or phone number with their checking or savings account. Once the recipient registration is complete, it usually take up to one business day for the money to be deposited.
A user can only register once using his registered email and phone number with the bank.
How to receive money to wells fargo account using zelle quickpay
To receive money to your account using the zelle pay, sign in to your wells fargo online banking account. Tap on zelle, and select receive settings.
Next is to select the account where you want money to be deposited int, and select Register which is beside the email address or U.S. mobile number you want to use.
Note that you may receive a one-time verification code for each email address or U.S. mobile number selected. If you did so, enter the digit number in the verification code field.
To request for the money, go to Send Money with Zelleunder Transfer & Pay, then select Request. From there, select a recipient or add a recipient by selecting the “+” icon.
Next is to enter the amount you want to request for, and review it before tapping on the Send button. Before you can request money, you must have registered an email address or U.S. mobile number with Zelle.
Note that if someone you know sends you a request, you’ll receive an email explaining who is requesting money and how much.
You can easily view and choose to respond to the request from your iPhone or Android smartphone.
Bank of america zelle
Just like chase bank and wells fargo, bank of america works similar like them. You’ve to first get your enrolled for the mobile or internet banking.
To send money with your bank of america account using zelle, simply sign in on the BOA mobile app.
Tap on the transfer button and select zelle and click on send, select or add the recipient. Please for better and convenient way, i will advise you to first add your recipients on your online banking account.
Having entered or selected the recipient, type in the amount you want to transfer and select the account you want to use for the money transfer.
Bank of america gives you the option to type in a note to your money transfer, so you can do that as well. Finally tap on the send money button.
To recieve money from bank of america through zelle, sign in to the BOA mobile app and tap on transfer/zelle. Then tap on the settings or the setup button and follow the onscreen instructions.
Add the email address or the mobile phone number the sender used when sending the money to you, finally check your mail box or phone number for otp code.
The reason for the otp code is to enable the bank of america to confirm that you’re the true account holder, and that’s it. The money will now move directly into your bank account.
This is where i wrap it up on what banks use zelle 2020. For the last time, what banks use quickpay with zelle, they are the banks that i’ve listed on this blog post.