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Venmo funds are held as a Venmo balance in your account for you to spend or transfer, but Venmo is not considered a bank. Zelle is a peer-to-peer app designed to transfer funds between bank accounts.
Zelle lets you send money directly between linked bank accounts free of charge, but unlike Venmo, will not “hold” money in your Zelle account. With Venmo, you don’t need to stick to bank ...
Zelle and Venmo make sending and receiving money easy but in different ways. Compare their fees and features to help you decide which app is right for you.
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Payment App. Pros. Cons. Apple Pay. Apple Pay is accepted by more than 85% of retailers in the U.S., going beyond sending payments to friends and family.
Consumers enroll in Zelle through one of more than 1,700 participating banks or through the Zelle app, then use it to send money directly from their bank account to another Zelle user's bank ...
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 financial ...
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