Home What is Zelle? - AccountShark FAQ

What is Zelle?

Zelle is a digital payments network that enables bank-to-bank transfers between individuals in the United States. It was created in 2017 by Early Warning Services LLC, a company jointly owned by a group of banks, including Bank of America, Wells Fargo, JPMorgan Chase, and others.

To use Zelle, you need to have a bank account at a participating bank that offers the service. You can then enroll in Zelle through your bank's mobile app or website, and link your account to your phone number or email address. Once you're enrolled, you can send money to other individuals who are also enrolled in Zelle, even if they have accounts at different banks.

To send money with Zelle, you simply enter the recipient's phone number or email address, the amount you want to send, and a message (optional). The recipient will receive a notification that they have been sent money, and they can then accept the payment and have the funds deposited directly into their bank account. Zelle transactions typically process in minutes, though it can take up to three business days for the funds to be fully available in the recipient's account.

For more information about using Zelle for purchases on AccountShark, please contact us.