Do you still stand in long queues of banks to transfer money? Come on; it is 2023! You have better things to do instead of standing in a line. You could go to the movies and have a more interesting time. But what about the money transfer? Leave it to Zelle.
Zelle is a digital payment network that lets you transfer money online. You no longer have to go to the banks to send money. And Chime is a financial technology providing fee-free money transfers. You can transfer Zelle to Chime and save both your time and fee.
If you are not acquainted with the process, don’t worry. This article will help you on how you can do it, inform you about the benefits, and more. Let’s carry on.
Does Chime work with Zelle?
Yes, it is great news that Chime works with Zelle. It means you can send money on Zelle for free as it is partnered with Chime. To access this feature, you need to have accounts on both applications and need a U.S. bank debit issued by Chime.
How to Connect Zelle to Chime?
You need to connect your Zelle account to Chime so that you can send money for free. Continue as the following steps instruct you, and you will be all set.
- The first step is creating your accounts in Zelle and Chime. Thankfully, both Chime and Zelle have made it very simple for their customers to create accounts.
- Now you need to install the Zelle and Chime applications. You can install it from both the App Store and Play Store.
- Complete your registration on both applications. Provide your information and verify your accounts.
Adding Chime Debit Card with Zelle
Once you have completed the above-mentioned steps, now you need to connect your Chime debit card with Zelle. You can do it following the below instructions:
- Open the Zelle setting on your phone
- Tap on “Account”
- Now press on “Don’t see your bank?”
- Input the details of your Chime debit card
- Select a strong password
- Press “Continue” to complete the process
How to Transfer Money from Zelle to Chime
Congratulations! You have linked your Zelle and Chime accounts. Now let’s see how you can send from Zelle to Chime.
- Open your Chime App
- Tap “Move Money”
- Press on “Transfers”
- Provide your login information to complete the transaction.
The best thing about sending money to Zelle to Chime is there is no charge or interest for sending and receiving. While other fund transfer services charge 3%, you can do it for free using Zelle and Chime.
Limits for Using Chime with Zelle
You must be familiar with terms like “up to.” Fund transfer services set a limit on weekly or monthly transfers. The same goes for Chime and Zelle. There is a weekly limit of $500 that you can send for free of charge. However, there is no limit on how much you can send money on a daily basis. And your monthly limit is 15 payments and $2000.
Both Zelle and Chime have different policies and limits. However, their breakdown of the policies is different. Nonetheless, both offer flexibility to their customers.
Alternatives to Zelle Work Well with Chime
Chime has integrated its services with different payment apps like Zelle. If you do not have a Zelle account, you can do it using other applications. Here are some alternatives to Zelle you can connect with Chime:
Venmo
Venmo is a good alternative to Zelle. You can easily exchange funds with your friends and businesses you trust. Venmo can be your digital wallet with cash maintenance. Venmo lets you cancel transaction requests if you send money to a number or email that is not linked to Venmo.
One problem with Venmo is that it is not as fast as Zelle. It generally takes one to three days to receive money. However, you can receive money faster by paying a 1.75% instant transfer fee. You can also connect Venmo with Chime. You can send up to $5000 in a week or $15,000 per month.
Cash App
Just like Zelle, Cash App is another very familiar and popular way to transfer money domestically in the United States. Both services let you send money without any hidden charge of monthly membership fees.
Though Zelle is a pure bank transfer service provider, Cash App is a mobile application. Cash App also lets you send money internationally to users of the app in the United States and the United Kingdom. However, Zelle does not offer this service to its users.
Cash App also issues a Visa debit card to its users. When you use the card, you can also sometimes get discounts. This opportunity is not available for Zelle users. They do not offer any Visa or cash cards to their users.
Paypal
Paypal is a very well-known money transfer service provider across the world. While Zelle offers its service only inside the border of the United States, Paypal is available in more than 200 countries.
Zelle lives up to its reputation when it comes to transferring money instantly. You can always send or receive your money whenever you need it. But that is not the case. As Paypal has to deal with a huge number of customers, their transferring times often vary. It can take a few minutes, and sometimes it can take up to five days!
Paypal lets you have bank transfers, debit cards, and credit cards, along with PayPal account money transfer services. On the other hand, Zelle offers you bank transfers only, and that is, too, for banks in the United States.
Zelle was launched in 2017, and the app has gained much popularity within a very short amount of time. Paypal, in contrast, has been around for more than two decades. It has made them more trustworthy, and they also consist of a bigger client network.
Alternatives to Chime Work Well with Zelle
Just like Chime, Zelle is also integrated with other financial apps. Using Zelle, you can send or receive money from accounts at the following banks:
Ally Bank
When it comes to online banking, Ally Bank has gained much popularity as well as the confidence of millions of users. They offer you a high-interest rate and provide customer support all the time, 24/7. Apart from money transferring, you can also enjoy their other banking services, including mortgage loans, investment accounts, and auto loans.
It is not that Ally Bank does not have any demerits. The primary demerit of the bank is that it does not have any physical existence. That can be an issue for many people. Nonetheless, millions of people are already doing business with the bank.
Similar to Chime, Ally Bank does not ask for any deposit money. They do not charge you any monthly membership either. With their saving bucket tool, which has a saving option for different goals, you can be benefitted.
Wells Fargo
Wells Fargo is a very familiar company that has been around since 1852! It makes them an automatically trustworthy company for sharing your money. They can also get you different types of loans, CDs, and more. Chime, on the other hand, is also very popular and trusted. However, Wells Fargo’s long history makes it a good alternative to young Chime.
Bank of America
Though Chime is more user-friendly and beneficial for users, Bank of America can still be a good alternative to Chime. If you want to make a comparison between the two organizations, then Chime wins in offering the best rates and charging lower fees. Bank of America is often accused of paying a lot of fees.
And when it comes to creating your account, you will need to deposit a good amount of money in the Bank of America. That is not necessary when you are opening an account on Chime. It does not ask for any deposit money. However, Bank of America offers you a more convenient method of money withdrawal. You can easily withdraw your money from their ATMs.
Whether Bank of America is better or not is a different question. But it can be a good alternative for you to transfer money.
First Bank
Another alternative you have to Chime is First Bank. You can create your account from anywhere, but it is not free like Chime. There is a monthly fee for your account on First Bank. In addition, they will also charge you a small fee for online banking.
First Bank can be a good alternative for people over 55. You can create a checking account when you are over 55. This account also earns interest. Though they charge you a monthly fee, it is usually very low, $5 to $20. You can receive a debit card for your account. However, it will cost you $10 separately per month for the debit card.
FAQs
Can Chime be linked to Zelle?
Yes, you can link Chime to Zelle and transfer money using both apps. It will allow you to send $500 weekly and $2000 monthly with 15 payments.
Can I transfer Zelle to Chime for free?
Yes, you can transfer Zelle to Chime. Linking Zelle with Chime will let you send money free of charge with a limit of $500 weekly and $2000 monthly with a limit of 15 payments.
Conclusion
So, yes, you can transfer Zelle to Chime. It will improve your money transfer less hassling, and you can also send money for free up to a limit. You can link and send money following the above-mentioned instructions. Hopefully, this article comes in handy for you.
