how much does it cost to zelle
Zelle is a popular digital payment platform that allows users to send and receive money from friends and family. It’s a great way to quickly and easily transfer money without having to use cash or checks. But how much does it cost to use Zelle?
The good news is that Zelle is free for most users. If you have an eligible bank account, you can use Zelle to send and receive money without paying any fees. However, there are certain banks and credit unions that do charge fees for using Zelle, so it’s important to check with your bank before using the service.
In addition to the fees associated with your bank, there are also fees associated with using Zelle. For example, if you’re sending money to someone who doesn’t have an eligible bank account, you’ll be charged a fee of up to 3% of the amount you’re sending. This fee is typically taken out of the amount you’re sending, so you’ll end up paying less than the full amount.
Finally, if you’re using Zelle to pay for goods or services, you may also be charged a fee. This fee is typically a percentage of the amount you’re paying and is taken out of the total amount you’re sending.
Overall, Zelle is a great way to quickly and easily transfer money to friends and family. However, it’s important to be aware of the fees associated with using the service so you can determine if it’s the right option for you.