How to use Zelle: A beginner's guide to digital payments [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
Zelle is a type of peer-to-peer (P2P) payment service, similar to other apps such as Venmo and Cash App . Unlike many of these other apps, there's a good chance Zelle comes with your bank account, rather than requiring a third-party app download. Additionally, Zelle payments can be much faster than those sent through other P2P apps, appearing in a recipient's bank account almost instantly with no extra fees. In most cases, once payment is sent, it can't be canceled. Here's what you should know about Zelle and how to use it to send payments. What is Zelle? Zelle is a P2P payment service, which allows users to send money to each other digitally. More than 2,000 banks and credit unions are partnered with Zelle, and for those that are, the service is automatically included with the institution's app. Zelle works by linking to a U.S. checking or savings account and transferring money to another U.S. bank account. The payer and payee don't need to have accounts at the same financ
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