Formerly invited ClearXchange, Zelle is each new payment processing network improved with some from the largest American banks — Bank of America, Chase, Capital One and USA. Zelle prides itself on simply executing transfers instantly to other users. If your object isn’t yet a Zelle user, you can send money doing their email or phone number. Zelle will help them to visit their bank’s app or download the Zelle app to take their money.
In case a user wants to make a transaction with a person who is not listed in their contact, they will need to first add that person to their Zelle Customer Service Number. If they do not wish to make more transactions with that newly added contact, a user always has the option to delete the contact. It is very simple to add or remove contacts in a Zelle account.
Zelle has competition with PayPal’s Venmo Service. Venmo is more popular, based on public awareness, opinion polling, and active engagement with users, but Zelle processes a much larger dollar volume of money transfers so Zelle is a trustable app to send the money in high volume dollar.