Zelle

Zelle is a US digital payments network that allows people to send money directly between bank accounts, usually within minutes, through their bank’s mobile app or online banking service. Launched in 2017 as the successor to clearXchange, it is operated by Early Warning Services, a financial technology company owned by major US banks including Bank of America, JPMorgan Chase, Wells Fargo, Capital One, PNC Bank and US Bank. The service has grown rapidly, becoming widely available through thousands of participating banks and credit unions, and is now used by millions of consumers and small businesses across the country. Zelle’s appeal lies in its speed, simplicity and integration with existing banking platforms, making it a convenient way to move money without additional fees for users.