There are a lot of digital payment apps for sending money to friends and family or paying for services, but if you are using the Zelle Mobile app, you need to find something new. The service decided to end the free app on April 1.
This does not mean that you can’t use all Zelle. Zelle has only stopped the standalone app, so you can send money using Zelle even if the bank belongs to the Zelle Network. You can do this through the bank’s app or website. There are other services you can choose. Here’s what you need to know about this change and the options that move forward.
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Why the Zelle app is terminated
When Zelle began in 2017, only about 60 US financial institutions provided services until the end of the year. Today, the number exceeds 2,200. As a result, less than 2% of the Zelle transaction occurs through the standalone app. Zelle has been stepping up the ability to trade on mobile apps since October 2024.
Zelle said, “I think it’s the best place for Zelle Transactions to use Zelle’s mobile app or online banking experience today. October 2024 Press Release.
In December, Zelle received attention when the Korea Finance Protection Bureau sued the company and three US banks for not protecting consumers from a wide range of frauds on the company and P2P payment network. The lawsuit has been since then Fell.
Another way to send money digitally
If you belong to the Bank of America, Chase, Wells Fargo, TD Bank, PNC Bank and CITI, you can use Zelle through the bank’s app or website.
You can also switch to other digital payment apps like this:
- Apple wallet
- Cash
- PayPal
- Benmo
Take some basic prevention measures when using Zelle or other digital payment services. The app is a frequent goal of a scammer and began to block the Zelle payment, which I think that the Chase Bank can be a fraud. Send money only to those who know and trust and watch red flags, such as online advertisements for urgent messages from banks or inexpensive concert tickets.
