Zelle

Since the online gambling market in the US is on the constant rise, the need for convenient casino banking methods catering to US gamers is increasing. PayPal, payment cards or cash at casino cages have long been preferred deposit and withdrawal methods for US players. However, players wanted a new solution, allowing them to make casino transactions safely and hassle-free. More importantly, without fees.

Here’s where Zelle enters the picture. This innovative payment service lets you send and receive money from friends and family by simply providing an email address or US mobile phone number. You can send funds to other people even if they have bank accounts at a financial institution different from yours. This is possible since Zelle works with 2,100+ US-based banks. Zelle sends money from your bank account to someone else’s bank account in minutes.

You can use Zelle for different things, from splitting the bill with your friends to making online casino deposits. Yes, Zelle is one of the US-friendly casino banking methods. We’ve therefore decided to take a closer look and provide you with all the details on how to use it at US online casinos. Keep reading.

About Zelle

Zelle started as clearXchange in 2011, when Bank of America, Wells Fargo, and JPMorgan Chase decided to launch a new project. The main idea behind this project was to enable users to send money fast. At that time, few payment methods allowed users to quickly move money between bank accounts. Consequently, these three financial giants joined forces to change that.

Being so long in the industry, they cleverly deduced that launching three separate platforms wouldn’t be user-friendly. So, they decided to collaborate and create a single app, thus merging their vast customer bases into one. Great move, indeed!

As a result, clearXchange was a great success right from the start. One of the reasons why people quickly fell in love with the new service was the lack of fees. This was possible since the three reputable US banks agreed not to charge processing fees. The decision was clever as they created a convenient payment option that attracted many clients from all parts of the States. However, the project didn’t just attract more users. It caught the eye of other financial institutions. Consequently, US Bank and Capital One soon became the co-owners.

Finally, in 2016, a new bank consortium acquired clearXchange. Although the owners were actually the same, the app changed. In 2017, clearXchange became Zelle.

Target Markets

Zelle is available only in the US. However, you can use it from other countries if you have a US bank account. So, US gamers are currently the only ones who can benefit from this convenient casino banking method.

The company works with more than 2,100 banks in the States. It’s an integral part of their mobile banking apps, so the chance of your bank not being part of the network is really slim. The same goes for the bank accounts of your friends and family. In other words, you won’t have any issues sending money to other peoples’ bank accounts with Zelle.

We won’t list all the banks here, of course. You can quickly check if your bank offers Zelle on their official website. All banks and credit unions allowing you to use Zelle are listed alphabetically (A-Z list), so you can check if your bank is among them.

However, even if your bank doesn’t support Zelle, you can still use the service. Download the Zelle app from the website, provide your email, mobile phone number and Visa or Mastercard debit card, and you can send and receive money in minutes. You’ll also find the app on Google Play and App Store.

Zelle Account

The first thing you should know about Zelle is that it’s built into many US banking apps. This is because so many institutions have integrated the service into their systems. So, in most cases, you won’t need to register a Zelle account to start paying, as the processor is already available in your banking app. Some estimates say that 97% of Americans have access to Zelle directly from their banking apps or Zelle standalone app, which is impressive.

If you don’t see the service there, visit the official website and click the ‘See if your bank offers Zelle’ button on the homepage. You will land on the page with all financial institutions listed from A to Z and 0-9. You’ll quickly see if your bank is among those allowing Zelle transactions.

If your bank is there, simply open the mobile banking and look for Zelle. Open the page and enter your email and US mobile phone number. Once enrolled, you can send money with Zelle directly from your bank account. If the person you’re sending money to is also enrolled with Zelle, the money will land in their bank account in minutes.

In case the receiver doesn’t have access to Zelle from the banking app, they’ll get a message explaining how to collect the funds. First, they must download the Zelle app and sign up with their email and mobile phone number. Then, they’ll need to enter the debit card they want to use. After allowing the service, the money will arrive in their bank accounts. Easy.

Now, how do you use the Zelle app? This is very easy, too. Open the app and find the person you want to send money to or request the payment from. You just need an email address or US phone number to initiate the transaction. Of course, you must also provide the Visa or Mastercard debit card number to link your account with Zelle. When you find the right person, enter the amount you want to send. If the person already uses Zelle, the money will quickly arrive in their bank accounts. Otherwise, the person must download the Zelle app to receive the funds.

How to Deposit with Zelle?

Zelle casino deposits are straightforward. You can already infer from what’s been said about payments how it works. But let’s explain once more. Find the Zelle online casino you like and sign up. Go to the cashier page and find Zelle among the available deposit methods. Specify the deposit amount and log into your online banking or Zelle app to confirm the bank transfer. The money will land in your casino balance when the casino approves the transaction.

How to Withdraw with Zelle?

Some casinos don’t allow you to cash out winnings with Zelle despite the fact the app works both ways. Contact the casino’s customer support to learn if they support withdrawals with Zelle. If casino customer support confirms you can use Zelle, request the cashout after ensuring you meet the minimum withdrawal limit. Zelle will notify you when the money lands in your bank account.

Transfer Times, Fees, and Security

Zelle deposits are near-instant. This is one of the main perks of using Zelle at online casinos – you can start playing games almost instantly. On the other hand, withdrawals, if possible, take more time. The main reason for longer cashout timeframes is the pending period casinos need to review the withdrawal request and approve the payout. You’ll usually wait 1-2 business days to receive the funds.

We’ve already said that Zelle owns its success due to the lack of fees. You won’t even pay maintenance fees if you link your bank account with Zelle. However, your bank might add some costs for processing transactions through Zelle. The best way to learn if you’ll pay fees is to check with your local bank.

Zelle facilitates direct bank transfers. The service is offered by more than 2,100 US banks. This means that Zelle is a reputable and reliable digital payment processor. The service acts as a gateway linking bank accounts, meaning it doesn’t store sensitive data. In other words, you’re not exposing any banking or personal details, and all transactions are processed within your banking system. Finally, the latest encryption and firewalls ensure all data are fully protected.