Search Results
- Nearly 1700 financial institutions (FIs) signed on to the Zelle Network®, representing 74% (577 million) of all U.S. DDA accounts.
- Credit unions and banks under $10 billion in assets are driving growth, representing 40% of FIs in the Zelle Network®.
- Small businesses and consumers sent 436 million payments worth $120 billion with Zelle® in Q2 2021.
- 392 million payments worth $106 billion sent over the Zelle Network®.
- Zelle® Small Business achieves 180% year-over-year growth.
- Investing in Consumer Education continues to be a priority as digital banking adoption grows.
Zelle® has partnered with celebrity TV host and Queer Eye star Karamo to give away a total of $75,000 this holiday season through the Zelle® “Send Cheer” contest.
- Year-over-year growth: Sent payment values increased by 62%, while transaction volumes increased by 58%.
- Achieving ubiquity with banks and credit unions: Nearly 500 new financial institutions of all sizes joined the Zelle Network® in 2020.
- Zelle for small businesses: New use case launches with 11 financial institutions, which reach 40% of U.S. small businesses1.
Banesco USA customers can now look for Zelle® in their BanescoMobile banking app to send money to friends and family, wherever they bank in the U.S. Money sent with Zelle® goes directly from one bank account in the U.S. to another, using only a recipient’s email address or U.S. mobile number. Funds are typically available within minutes when both parties are already enrolled with Zelle®.
Through its Pay It Safe initiatives, Zelle® helps educate consumers on protecting themselves and their money:
- Only send money to those you trust.
- Beware of payment scams.
- Treat Zelle® (or any digital payment system) like cash.
Zelle®-sponsored program connects military personnel, their families, and veterans with in-person and virtual education/resources.
As World Elder Abuse Awareness Day (WEAAD) approaches on June 15, Early Warning Services, LLC, the company behind Zelle®, and the National Council on Aging (NCOA) are launching a national campaign to educate and empower older adults with knowledge on how to spot and avoid online scams.
Zelle® is partnering with the BBB Institute for Marketplace Trust (BBB Institute), the Better Business Bureau’s® educational foundation and the Association of Military Banks of America (AMBA) to help educate and empower our nation’s active-duty military, veterans, and their families on financial security.
Zelle® soars with $806 billion transaction volume, up 28% from prior year; 120 million consumer and small business accounts used Zelle® in 2023.