Is Zelle Scam or Legit? A Zelle Review

zelle send money

You may have seen the commercials for Zelle, the payment app. They aren’t very specific about what Zelle does, or how it does it. Questions that may pop into your mind are things like, how does Zelle work? Is Zelle legit, or a scam? Why would I bother to use Zelle? Is Zelle safe? You might even have Zelle through your bank without even asking for it. Time to check out some Zelle reviews. If you already use a payment app, your questions are probably more like, is Zelle better than Venmo, or is Square Cash better than Zelle? It’s time for our Zelle review. Soon we’ll have a look at Zelle vs Venmo. Zelle Reviews Zelle is actually two products from the same company. One version of Zelle is the behind-the-scenes payment system backed by, and used by, several American banks inside of their own banking apps. This is the part that the commercials claim is “already on your phone,” or “already in your banking app.” Since Zelle works directly with various banks, they play nicer with Zelle than with others including transferring money with no fees and allowing “instant” transfers and withdrawals. Check out my Acorns app review …

Read More

Venmo For Teens!

teen venmo

No, you are not dreaming. Now you can get Venmo for teens. Officially speaking, you were required to be 18 years old to use Venmo before. However, lots and lots of teens and parents got around that restriction by having the parent sign up as the official user and then handing the username and password over to their kids. This worked particularly well when paired with a bank account containing nothing but the child’s money. What Is Venmo? Venmo is another cash app similar to Zelle or any of the others that let you move funds around to friends, acquaintances, or PTO boards. Banking for Teens A lot of banks will play ball with you and your teenager when the teen turns 16. No, they can’t open a bank account all by themselves, and no, a bank that has never heard of you probably won’t open an account with your teen either. That said, a bank that you have a relationship with will likely open a bank account for your teenager, with your name on it as well. It’s not like banks and other financial institutions are being mean or short sighted, it’s just that you cannot sign contracts until …

Read More