The popular money transfer app Zelle has implemented changes that will impact its users, particularly those who have not yet activated an account.
According to a recent press release from the platform, more than 2,200 banks and credit unions in the United States already offer Zelle, either through their mobile banking app or online banking site. As a result, the company will make changes to its standalone app.
One of the new changes announced by the company is that individuals who are not already registered will no longer be able to create new accounts in the app. Additionally, March 31 has been set as the deadline for current users to send or receive money through the standalone app.
According to the published information, those who already use Zelle within their financial institution’s mobile banking app will not be affected by these modifications. In these cases, no changes will be necessary, as transactions will continue to function normally. However, users who relied exclusively on the standalone app will need to find alternatives to manage their transfers.
Over 2,200 Banks Integrate Zelle Into Their Platforms
Currently, Zelle is integrated into the mobile platforms and websites of more than 2,200 banks and credit unions in the United States. This level of adoption has allowed millions of people to use the service for fast and secure transfers. However, this growth has also led the company to make adjustments to its operational model, resulting in the elimination of new user registration for the standalone app.
To check if a bank or credit union offers Zelle, users can visit the official ZellePay portal. This tool allows users to confirm whether their financial institution is enabled to make transfers through the platform. If the bank is integrated, users will be able to continue using Zelle without interruptions from their respective mobile banking app.
“To continue using Zelle, all users must register through one of the more than 2,000 banks and credit unions that offer this service through their mobile app. As company officials explained in a press release, if you use Zelle through mobile banking, there is no need to take any extra action.
This popular mobile payment app allows people to send money to each other. Despite the ease of these transactions, limits have been established for user security.
The amount and time frame in which transactions can be made will depend entirely on the bank, and its only purpose is to protect financial institutions and users during capital transactions.
How to Use Zelle Safely
To use the app safely, it is necessary to follow certain recommendations. (Illustrative Image Infobae)
In line with the above, the company has issued a series of recommendations for using its app safely, including:
- Send money only to trusted individuals such as friends and family, since payments cannot be canceled once they are made.
- Treat the app as if it were cash.
- Be cautious of payment scams, which typically involve a stranger selling concert tickets at a steep discount and insisting the transaction be made through this app.
Image: Infobae
