Load WordPress Sites in as fast as 37ms!

Zelle ends cash transfer services on standalone app

Zelle network ended cash transfer services on its standalone application Tuesday, redirecting users to the over 2,200 banks and credit unions already offering its services instead.

When attempting to sign in on the app, users are met with a message stating it’s “no longer available for sending and receiving money.”

TRADING APP TRACKS PORTFOLIOS OF FAMOUS POLITICIANS AND INVESTMENT MANAGERS LIKE PELOSI AND BUFFETT

“You will be able to log in until August 11, 2025,” the pop-up continues, “but not send or receive money. To continue using Zelle®, please enroll through one of the more than 2,200 mobile banking apps that offer Zelle®.”

Zelle illustration

The Zelle app’s hallmark cash transfer services shut down Tuesday. (Thiago Prudencio/SOPA Images/LightRocket via Getty Images / Getty Images)

The news doesn’t come as a surprise. In fact, it was the prevalence of financial institutions offering Zelle’s services on their own platforms that drove users away from the standalone app, the company noted in an Oct. 31 release — and that was the reason they elected to pull the plug on it. 

Only 2% of Zelle users were still making cash transfers through the standalone app as of Tuesday. The vast majority access the payment network through their preferred financial institutions.

AMAZON MAKES BID TO BUY TIKTOK AS DEADLINE LOOMS

Despite no longer being usable for financial transactions, the Zelle app remains available and accessible. However, it will be spending the rest of its lifespan as a consumer education platform and directory of banking apps that offer its services.

Zelle popup

Zelle displays a note redirecting users to their financial institutions’ online banking platforms upon sign-in. (Screenshot)

Launched in 2017, Zelle quickly became one of the largest payment-processing apps on the market, with a user base north of 151 million people. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Most of its users, who already access Zelle through online banking, will be unaffected by the app’s shutdown, the company noted in the October release.

Check Also

Retirees can change their state pension payments as bills climb | Personal Finance | Finance

State pension payments are usually made every four weeks, with the exact day of the …

The Ultimate Managed Hosting Platform
If you purchase through these links, I may earn a commission at no additional cost to you.