How to use Zelle

So today I’m going to talk about Zelle, which is a service that helps you transfer money back and forth with friends and family members. I wanted to make this article because I actually made an article a little while ago talking about another app that helps you kind of transfer money back and forth and people seem to get a lot of value out of it. So I wanted to kind of bring this one up to people’s attention in case they are interested in learning more about it. Is that like going to be a service that is actually kind of connecting a lot of the bigger banks and some of those credit unions together to be able to help people transfer money back and forth with one another instead of having to wait those couple of days to be able to send money. So I’m going to go a little bit more into detail here in this article.

So make sure you stick around to learn more about Zelle. If a lot of other dentists here what you financials, where we love talking about personal finance to help you build your wealth. If you’re new to this channel, make sure you hit that subscribe button down below and the bell to get those notifications when a new article does come up. All right, so Zelle as I mentioned, is a money transfer service. Now of course, if you found this article, maybe you were looking at it, trying to figure out what Zelle really is. One of the biggest things I do want to mention before really getting any deeper into this is one that Zelle is going to be for us only, at least as of this recording. Then to make sure you stick around because I’m actually going to showcase towards the end of this article on how to actually set up a Zelle account.

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I’m actually going to be using it, my capital one service that I actually have to be able to show you how to do so. So if you’re interested in that and make sure you stick around to the end, but there are a couple of different uh, peer-to-peer money transfer services that are out there. So we have things like Venmo and cash app, which I’ve actually even done an article for before. So if you’re interested, I will have that in the show notes down below you can check out. But these two apps allow you to transfer money back and forth with other people. So Zelle is kind of a con, a combination of a bunch of different companies putting their resources together to be able to send money back and forth for individuals. So for you, you might already have accesses, Elliot, through your bank services, which if you’re interested in, I will have a link to be able to check to see if your bank offers this.

You can just click on that link in the show notes and it’ll take you to the Zelizer page so you can see if your bank offers it. But you can also just log into your regular bank account, look under transfers, and you’ll see where it might say a Zelle. And that means that you can actually utilize this. Now there’s a couple of different things when it comes to Zelle, um, that you might want to know beforehand, especially if you are interested in sending money to somebody that maybe doesn’t have, uh, have, that might be an actual thing that happens. So you want to make sure that you are able to get this right information. So if you find out that your bank does offer this, this is going to be awesome because you can utilize the service entirely for free so you don’t actually have to pay anything to be able to send money to friends and family members.

Now the way it’s really going to work is you do have to create your account, as I mentioned, to make sure you stick around to the end so you can learn how to actually create that account. And then the second thing you want to do is make sure that you have the proper information to the person that you want to send money to. Now there is only one of two things that you actually really need when you send money. It’s either going to be an email address or a phone number. Now here’s the great thing is once that person already has Zelle set up that you’re sending that money to, it’s a very quick and easy transfer. Now, if that person doesn’t actually have Zelle, there’s actually something that they do have to do to be able to get that money. So if you hit send with that email or a phone number that that person has not yet registered, that’s actually going to be okay.

Create and login into your account

They can actually go in and create an account with that email or that phone number so that way they can actually receive that money. Now obviously they want to make sure that it’s either their email or their phone number so they can get access to it. Uh, but all they have to do is plug in their information on this deli app that they can download entirely for free. Um, and then once they have that information plugged in it, they can choose a debit card that they want that money plugged into. So that way it gets transferred into that account. So it’s very simple and very easy to be able to do if you’re sending money to somebody that actually doesn’t already have a Zelle service. But one great thing is as well as if that person already has a bank that offers Zoe as a service, all they have to do is go into their bank account and set up their Zelle within a few minutes and then that way they can actually receive that money into that account that they already currently with setting up the account is super simple and super easy.

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Load entirely for free. Um, and then once they have that information plugged in it, they can choose a debit card that they want that money plugged into. So that way it gets transferred into that account. So it’s very simple and very easy to be able to do if you’re sending money to somebody that actually doesn’t already have a Zelle service. But one great thing is as well as if that person already has a bank that offers Zoe as a service, all they have to do is go into their bank account and set up their Zelle within a few minutes and then that way they can actually receive that money into that account that they already currently with setting up the account is super simple and super easy.

Like I mentioned, we’re going to show you here today how to do that. But the other big thing is as well is that it’s super easy to just be able to do that transfer back and forth. I don’t understand why people pay tons of fees to be able to send money back and forth through, I think like Western union and all these other places. Uh, definitely not a fan of spending money to send money. Uh, so if you have the ability to be able to send money through Zelle through Venmo or cash app, I would highly recommend doing one of those from formats instead of having to pay money to be able to send your money. So definitely check these different services out. Um, but again, Zelly is going to be one of those services that I actually really like because it’s so connected with a lot of those other banks.

Um, I have it with capital one, so it’s very easy. Uh, but I know Wells Fargo, Bank of America, and a lot of those bigger banks have it and a lot of credit unions actually have taken part in this as well. So it’s really easy to be able to get your money transferred or send money to somebody else through your bank service. So what we’re going to do now is we’re going to go ahead and hop onto the computer so you can actually see these step-by-steps that it takes to be able to create an account. Like I mentioned, it’s going to be super easy and super simple to be able to do a really quick before we get onto the computer and make sure you hit that like button if you are getting value out of this article here today. All right, so I’m actually re-recording this portion of the article because the first time I did it, it was actually really bad when it came to the audio.

And I want to make sure that I bring you like the high quality of an article as possible. So I’m rerecording this, I put the shirt back on, it’s nighttime and I’m actually wearing my glasses, which I think this might be the first article on the channel where I’m wearing glasses. So let me know what you guys think in the comments down below with, uh, with me wearing these glasses. Uh, we are going to log in to the capital one account. Now, this is already prerecorded because I can’t actually set up the account again. So are you gonna see me kind of doing things without my hands being on the mouse? Um, so I’m just watching the article as I’m actually recording it. So what we’re going to actually be doing is setting up the Zelle account. I used to have one with capital or with, sorry, Wells Fargo.

Choose to send money with Zelle

Uh, but now we’re gonna actually switch it over to capital one, cause I don’t like the traditional banks, like doing work with online banks. Uh, so we’re going to click onto the account as you see here. Um, and then here on the main account you’re gonna see where it says send money with Zelle. So a lot of the banks will actually have it right there where you’re going to actually be able to see, um, where it is for you to be able to set up. Now I’m going to have a link down in the show notes below where you can actually click on it so it can actually tell you were, um, if your bank actually has Zelle available for you. Um, so if it does already have it on the website or if you checked on there, you’re going to be able to just click in and it’ll take you right to it.

Choose to send money with Zelle

So here, um, it’s gonna have a couple of different things that says, welcome to Zell. It says, now you can quickly send and receive money with people outside your bank. Uh, Zell works with your bank, so your transfers, your transaction is secure, and then you just need to confirm some details to activate Zelle so you can start sending and receiving money in minutes. Um, one big thing too is to make sure that you read the terms and conditions when it goes through actually setting up this account. I highly recommend that. Um, as you can see here, we’re actually going through and, uh, going as quickly as possible. But obviously, I highly recommended you just go through and read. Uh, once you go through all of that and make sure you hit the accept terms, um, if you do accept, um, and then it’s gonna pop up this, uh, thing right over here where it’s gonna ask which account you want these cells to kind of pull money and send money into.

So if you have multiple accounts as we do, um, you want to make sure it goes to the one that will fit you best. So, uh, for us, we’re going to have a checking account that has a lot of our money being pulled out for, you know, small little things here and there like gas, groceries and all those. Um, the other one is our actual bill pay account, which is just strictly things that have a monthly bill. Um, so what we’re going to do is we’re going to go ahead and choose that account. So make sure you choose which one works best for you. All right. So from here, I chose which bank account worked for us and we’re going to go ahead and hit continue on here. And then once we hit continue, it’s going to take us to the next spot, um, which is gonna ask us to register with Zelle so you can choose to do your email or your phone number.

Email and phone confirmation

Um, obviously you already have your account opened up so it’s going to, uh, just already have those prepopulated for you. Um, if you’re doing it with friends and family only and probably will be easier to have it with just your phone number because they already typically have your phone number, but if you’re going to be doing it with other people that you might not really know, I’m maybe going through email might be a better option for you. So it really just depends on each person individually. So just make sure you kind of choose which one works in your favor. So I actually decided to go through and do the emails, so it’s going to send me an email and uh, have me put in the code. So what I’ll do here is just verifying the email that I have on the account and then I can hit send code and once I hit send code, it’s going to send me an email, which I actually got really quickly once I hit that.

Um, and then I go ahead and toss in that code here in this section. Now as I mentioned, I’m kind of recording this as I’m watching it happen again cause I can’t reset up. Um, so after that, um, it comes right here where it says confirmed Zelly set up, it has your account number and then it has your email. Uh, and you can hit confirm. Or if you don’t want to do that, maybe you want to do the, uh, the phone number and said you can hit a no, don’t do it. Um, and it takes you back to that page. So once you hit confirm or once I hit confirm, uh, what it’s gonna do is it’s going to take us to this next page. All right. And on this page right over here, you’re going to see where it says success. Uh, you are all set to use a Zelly width and then your email address and it says when people use an owl to send money to this email, it will go into your account blank.

Send money

And then obviously whichever account you ended up choosing. And then if you wanted to, we’re of course we’re going to do hit send money now. Um, so we can kind of see what the next step is if you are wanting to send money to somebody else because of course, this episode is all about, you know, seeing the process as we go through. So we’re gonna hit that, send money now and then it’s going to take a few moments to be able to load up. And then you’re going to see it in the section that says to choose your bank account. So you can actually choose which account you want to send money from. Um, which is really nice. Even though we picked it earlier, it has approved set up to the first account, but you can change that. And over here it’s going to say enter recipient’s information.

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So make sure that you’re putting in the exact name or sorry, exact email or phone number so that way it can be populated properly and sent to the right person. Um, as I mentioned earlier, if they don’t actually have an account, there is a way that they can still receive the money if they go in and set up an account. And if their bank actually doesn’t have Zelle, they can even still set up an account, add the debit card that they want, that money transferred into and still have it works that way, which was really cool. So you don’t have to worry about it. So again, just to make sure that you’re going through and having that set up properly. As I mentioned earlier, there are the Venmo and cash app services as well. If you don’t want to utilize Venmo, um, if you’re interested, I actually made an article on the cash app, which I will put in the card up above and in the show notes down below so you can check those out.

Um, so you can get a good idea of, you know, the different options that you have when it comes to peer to peers. Uh, you know, money that you’re transferring. Uh, but a lot of these do a lot of the same things. So I don’t think you can go wrong with one of those three, but if you also have a service that you utilize that’s peer-to-peer, uh, let me know in the show notes down below or sorry, the comments section down below. Um, if there’s one may be that I haven’t talked about before because I’m always interested to learn more when it comes to being able to transfer money back and forth with other people, um, and utilizing different types of banking services. So I hope you learned a little bit more about Zelle and how the service works and as well as actually setting up an account.

As you saw it took just a couple of minutes. If you got some value out of this article, make sure you hit that like button and you can share this out with anybody else that either you’re trying to send money to or receive money from so that way they can actually set up the account to be able to send money back and forth.

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