Can I send money from Zelle to Venmo? (2024)

Money transfer applicationsgreatly facilitate the task of sharing funds with family and friends. That’s when the question arises whetherI can send money from Zelle to Venmo because they are two of the most popular apps used by users in the activity.

There can be inconveniences whensending moneyto a person if both have a different platform.

Is it possible to send money from Zelle to Venmo?

These are twocompeting services, and the truth is that we cannot share funds from Zelle directly to Venmo. The app will not support the exchange of funds with other payment services.

However, we can usesome alternativesto overcome this limitation to achieve the transfer of funds between the two services.

How can we manage to transfer funds between the platforms?

We must consider that if we make aZelle transfer,it will not be necessary for the person also to have a Zelle account. The transfer will be made to any bank account within the U.S., and this money can be used directly to send to a Venmo account.

Therefore,sharing moneybetween the two platforms will involve sending the money first to a bank account and then transferring it. For this, it will be essential to have theZelle app.

However, inconveniences could arise if we have a bank account that does not support Zelle money transfers. For which we will have to link aVisa or MasterCard debit cardso that we get to make such transfers.

Users with a bank account that does not support Zelle transfers will only be able to exchange funds with other Zelle users.

Which of the two applications is better for sending money?

There are somedifferencesbetween the two applications, and they should be considered before using one or the other. In this order of ideas, we must know them:

Speed

It is one of the most obvious differences sinceZelle will allow faster funds transactions.We will not find a faster option if the transfer is made between users of the same platform.

However, if the funds are sent to Venmo, the transfer may take longer unless we send the funds instantly, which has extra fees and commissions. On the other hand, if a transfer is initiated on a Friday or before a national holiday, it may take several days to process.

Fees

In these cases, Zelle offers us the possibility to send money completelyfree of chargeto our family, friends, or business partners. The only fees that will be applied are those that the bank acting as a service mediator may have.

However, in Venmo, onlystandard transfers are freeand processed the same way as ACH transfers, so that it could take up to 3 business days. On the other hand, we will also be charged a 1% fee for the transfers.

Security

Both applications havesecurity featuresto protect users, and in Venmo, we find aPIN. In addition, the application has an alert and monitoring service to keep money safe at all times.

On the other hand, Zelle works withtransaction authorizationbefore sending and fraud monitoring. We will also be able to send money to small business accounts, which is impossible on the other platform.

Problems we may have with each of the platforms

Both platforms can have different drawbacks that make neither of them perfect. On the one hand, if we are going tosend funds to an international bank accountZelle will not allow us to make this type of transfer because it is only compatible with local bank accounts in the U.S. In addition, we will not be able to use ourcredit cardto make transfers and once the payment is sent it cannot be stopped.

On the other hand, Venmo is an application intended forU.S. users with a cell phone number. Transactions cannot be canceled either, which means that if the money is sent to the wrong recipient, there is no way to recover it. The only option in these cases would be to ask the recipient to return the money, but this will not always be easy.

Are these applications reliable?

These applications have strictsecurity controls,so we can get our transfers done quickly and securely. However, they are not risk-free because much depends on the use we make of them.

Sharing personal or confidential informationwhile sending funds is not recommended, and we should only make transfers to people we know. Also, we should not share our account details with anyone else to avoid inconvenience.

Is there any other way to send money from Zelle to Venmo?

The reality is that we will need abank accountassociated with both platforms to carry out this type of transaction between both platforms. At the moment, there is no other way to make this type of transfer.

For this reason, it is essential that if wesend money from Zelle to Venmo, we have a bank account compatible with both platforms. It will allow us to make all our transfers much simpler and faster.