In this evolving world where every business take their services to the digital level, transferring money online has become even crucial than before in the financial industry.
Zelle is one of the financial apps that let users transfer funds between banks and most users usually wonder can I use Zelle to send money to my other bank account.
Zelle is a popular P2P payment service that allows users to send and receive money to and from their bank accounts within minutes.
The company has noticed a considerable increase in the amount of money transferred yearly as time go on thanks to its instant bank-to-bank transfer service.
According to Zelle, Consumers and businesses sent 1.8 billion payments through the Zelle Network® during 2021, an increase of 49% from a year earlier, Early Warning Services, LLC, the network operator behind Zelle®, announced today. Those payments totaled $490 billion, up 59%.
This increase in the amount of funds transferred simply reflects how easy and convenient the Zelle app is for most of its users.
The best is, getting started with Zelle is completely free; — all you need to start sending money is to download the Zelle standalone app, signup for an account and link your U.S. bank account or debit card.
If your bank is a participating bank, then you can easily enroll with Zelle through your bank mobile app.
Once you link your bank to Zelle, you can send money to any U.S. bank within minute.
In case you have another bank account and want to fund it through Zelle, you'll be wondering can I use Zelle to send money to my other bank account.
To help you out and address your request, I'll be answering the question "can I use Zelle to send money to my other bank account.
Table of Contents
How Does Zelle Work?
Understanding how Zelle work is crucial to use the service.
The way Zelle work can comparable to other money transfer apps such as Venmo since they are based on peer-to-peer payment scheme.
However, Zelle does something even more unique — it lets you transfer funds between banks within minutes.
Zelle uses the Automated Clearing House (ACH) payments system to speed up payments between U.S. bank accounts.
While you could start an ACH transfer from your bank account to a friend, the transfer might take three days to complete. However, with Zelle, your money will arrive within minutes.
Also Read: Does Zelle Show Your Name When You Send Money?
How to Send Money With Zelle
Sending money with Zelle is very easy especially if your bank is a participating bank or credit union that use Zelle.
To send money using Zelle;
- Select someone from your mobile device's contacts (or add a trusted recipient's email address or U.S. mobile phone number).
- Enter the amount you'd like to send and an optional note.
- Double-check the transfer details.
- Tap Send to send the money.
In most cases, the money is available to your recipient in minutes.
Also Read: How to Send Money Anonymously on Zelle
Can I Use Zelle To Send Money to My Other Bank Account?
Yes, you can use Zelle to send money to your other bank account only if you have a different email address and US phone number to enroll your other bank with Zelle.
Zelle lets you connect only one bank account to your account profile — meaning you cannot use more than one bank account with your Zelle account.
This means, sending money to your other bank account would require you to open a Zelle account with a different phone number and email address.
Zelle terms, however, are clear; each user is allowed to have only one Zelle account.
So keep in mind that opening another Zelle account goes against Zelle's terms.
Also Read: Can I Use Zelle to Send Money to Myself?
Can I Connect More Than One Bank Account to My Zelle Profile?
No, not yet.
You cannot connect more than one bank account to your Zelle profile at moment.
Also Read: Can You Use Zelle With Any Bank?
How do I Change the Bank Account I Use to Send and Receive Money on Zelle?
One great thing with Zelle is, it lets you change the bank account you use for sending and receiving money on the app.
This is a great way to use your other bank account to receive money on Zelle.
Here's how to change the account you use on Zelle.
- Tap the gear icon in the top left corner of your mobile screen
- Tap Account
- Tap Switch Accounts
Next, you'll be required to unlink your current account and add a new account.
Keep in mind that by switching your account, you will lose all Zelle transaction history associated with your old account.
If you're using Zelle® through your bank or credit union's mobile app or online banking, check your bank support FAQs or contact their customer support team for help changing accounts.
Also Read: Can I Use Zelle Without A Bank Account?
Can You Have Two Zelle Accounts With Different Banks?
You can sign up for Zelle at several banks, but each account you enroll in Zelle must be associated with a different email address or U.S. mobile number.
You will see an error if you attempt to sign up for Zelle at numerous banks using the same email address or mobile phone number.
Also Read: Can I Use Zelle Without A Debit Card?
Can I Use The Same Phone Number for Two Zelle Accounts?
No, you cannot use the same phone number for two Zelle accounts.
If you attempt using the same phone number already registered with Zelle to open another account, you'll likely receive an error message.
Also Read: Can Someone Hack Your Zelle With Your Phone Number?
Final Thoughts
Zelle is a popular money transfer service that lets users send and receive money between banks within minutes.
Zelle only lets users link a have single account and are allowed to link just one bank account to their profile as of this writing, making it difficult to send money to your other bank account.
However, you can use Zelle to send money to your other bank account if the account has a different email address or U.S. phone number.
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Frequently Asked Questions
How do I send money through Zelle?
Go to Send money with Zelle®. Add or select recipient. Enter amount and select your funding account. Review and send
How do I send Zelle to my bank account?
To send money to a bank account through Zelle, open the app and select Send money, enter the app and send the money.
How do recipients receive money from Zelle?
If you sent funds to their mobile phone number, they'll get a text message. If you sent funds to their email address, they'll get an email. To ensure the transaction goes as smooth as possible, we recommend you share with your recipient which item you sent funds to (phone or email).