Bank of America Zelle-Send money Using zelle

||Bank of America Zelle-Send money Using zelle||

Bank of America Zelle

Bank of America Zelle is a mobile payment service offered by Bank of America. It was launched in 2014 and is currently only available to customers who have accounts with Bank of America. You can use Zelle to send money to friends, family members, and businesses.

How does it work?

You can download the app on your phone and link your bank account to it. Then, you can send funds to anyone using their email address or phone number. When someone receives the transfer request, they receive an email or text message asking them to confirm the transaction. Once confirmed, the recipient's bank account is debited immediately and the sender gets notified via email or text message.

What do I need to open an account?

To get started, you'll need a debit card linked to your Bank of America checking account. If you don't already have one, you can apply for one at any Bank of America branch.

Why should I use it?

You shouldn't use it if you're trying to avoid fees. If you want to send someone $20, you'll have to pay a fee of at least $0.20. However, if you're sending someone $10, you won't have to pay any fees at all.

Can I send money internationally?

Yes! As long as the recipient lives outside the U.S., you can send international transfers.

Do I need to verify my identity?

No. All you need is your name, email address, and phone number.

Is there a fee?

There is no charge to send money with Zelle. However, if you want to make a larger transfer, you may incur fees depending on how much money is being sent.

Does Zelle work with credit cards?

Zelle works with debit cards only.

Pros And Cons Of Using Zelle

Pros:

- No fees

- Easy to use

- Can be sent to any U.S. bank account

Cons:

- Only available to Bank of America customers

- Not available in all states

- Requires internet connection