As digital wallets become more popular, you might start to recognize the names Zelle and PayPal. While PayPal may be considered the service to beat, money transfer apps like Zelle are catching up. And if doubts are raised about these transfer services, it should be noted that large companies in the United States support both Zelle and PayPal. But can you transfer money from Zelle to PayPal and vice versa?
We asked because, well, aren’t transfer services like Zelle and PayPal supposed to offer the convenience of transferring money? In this article, you will find out that there is no direct way to transfer from Zelle to PayPal. However, you will also find a workaround to make this possible easily.
Related: Zelle App Review: Should You Use It to Send Money?
Can Zelle send money to PayPal?
It’s ironic trying to figure out how certain applications and services are connected in the vast space we call the Internet. However, some applications are simply digitally incompatible; such is the case for Zelle and PayPal. As Venmo to PayPalthere is no direct link that will allow you to directly transfer from Zelle to PayPal or from PayPal to Zelle.
But there are creative workarounds to transfer funds from those with Zelle accounts to PayPal accounts. If you want to know more, keep reading as we give you a complete guide on the practical details of how to receive money from Zelle to PayPal.
So you own Zelle (or PayPal) and want to transfer to PayPal (or Zelle), and you know there’s no direct way to do that. No need to worry and panic! Below is the only guide you need to complete this transaction, and it’s pretty simple!
It should be easy to sign up your bank account for Zelle since Zelle is widely regarded and integrated into almost every banking app in the US.
If you have received money from a Zelle affiliate account, here is how you can receive that money and register your bank account with Zelle:
- First, download the Zelle app to android Where iOS devices.
- Create a Zelle account.
- Once the account is set up, find the name of your bank.
- Tap Go to your mobile banking app to continue.
- Click on the link provided in the SMS or email payment notification.
- From the list, select your bank or credit union.
- Follow the instructions provided on the page to register and receive your payment.
If you don’t see your bank listed, you can register your Visa or Mastercard account manually.
- First, download the Zelle app to android Where iOS devices.
- Go through the installation process. Once down, open the app and create an account.
- To sign up for your Visa or Mastercard, enter your basic contact information (i.e. your US phone number and email address).
- Once the account is created, find the name of your bank. If it does not appear in the list, press the Don’t see your bank? button.
- Enter your email address where you will get a verification code.
- Type the verification code on the Zelle app and tap Walk in.
- Next, enter the Visa or Mastercard card number and other associated credit card information.
- Faucet Continue.
- Then follow the rest of the instructions you see on the screen.
From there, you can transfer money from your Zelle app to your bank account and vice versa.
Zelle does not accept debit cards associated with international deposit accounts or any credit cards.
The beauty of Zelle is that it doesn’t contain the money someone sent you. Unlike PayPal, it doesn’t have a wallet to hold a balance and sends every penny that arrives in your Zelle account directly to your bank. With this, it saves you from manually sending your money to your bank and waiting for a deposit hold period. All you need to do is request the payment someone owes you from Zelle, which you can do by following the instructions below.
You will not be using your Zelle app for these steps. Indeed, Zelle is integrated into the mobile banking applications it is affiliated with, which is 97% of banks in the United States. You will see the option there in the Menu pane.
Let’s take Chase Bank as an example to request money from Zelle.
- First, make sure you have the Chase Bank mobile app (or bank of your choice) installed on your smartphone.
- Look for the Menu pane button (usually represented by three stacked horizontal lines) at the top left of the Chase Bank app.
- Press on QuickPay with Zelle under Pay.
- From the drop-down menu, select Request and share money.
- Then tap Add to select the person you’re asking for the money from your contact list or type a name in the space provided.
- Next, enter the person’s phone number or email address in the spaces provided. Then press Add a participant.
- On the next page, enter the amount you want to request from Zelle.
- Then press Filing information… and select the bank account you want Zelle to send the money to.
- To finish, touch Ask for money. Once the person approves your request, you will receive the money directly into your bank account, which you can then send to PayPal.
If your bank or credit union is affiliated with Zelle, you will receive the money within minutes. Otherwise, the money should appear in your bank account within one to two business days.
Now that you’ve linked your Zelle account to your bank account, transferring money back and forth should be easy. In fact, you have taken the first step to be able to send money from Zelle to PayPal as well.
Let’s take Chase Bank as an example to transfer money from your bank to PayPal.
- First, download the PayPal app to android Where iOS devices.
- Open the app once the download is complete.
- Tap on Wallet in the bottom strip of options you see on the screen.
- Next, tap the (+) button next to the Banks and cards title.
- Now select the Debit and credit cards option.
- Enter your Chase Bank card number and follow the rest of the linking process.
Now, the last step of transferring money from Zelle to PayPal is simply to cash out your PayPal account using your linked bank account. To do so, follow these steps:
- Open your PayPal app and sign in using your account.
- On your home screen, you should see your PayPal balance. Tap the three dots icon to open more options.
- From the context menu, select Add money from the bank.
- Next, enter the amount you wish to withdraw, then press Next proceed.
Since your Chase Bank account is linked by default, the money should reflect in your PayPal balance in real time.
Since there is no direct line to transfer from Zelle to PayPal, the answer to this question varies. The steps described above show a three-way transfer from Zelle to your bank account – from your bank account to PayPal. From this alone we can deduce the following:
- PayPal has a limit of $10,000 per transfer transaction. If you want to transfer an amount greater than $10,000, just repeat the transfer process.
- Your chosen bank has also set a transfer limit. For example, most Chase Bank accounts can transfer $25,000 per day. On the other hand, Chase Private Client and Chase Sapphire Banking limits are $100,000 per day.
- However, according to Zelle, “If your bank or credit union does not yet offer Zelle, your weekly sending limit is $500. Please note that you cannot request to increase or decrease your weekly sending limit. mail.
So it really depends on the transfer limit set by your bank – the bank account you have chosen to link in both Zelle and PayPal – how much you can transfer per day to your PayPal account.
Here’s a beauty about using Zelle – Zelle doesn’t charge its customers any fees for transferring or receiving money. However, it would be wise for customers to check with their bank for any possibility of additional charges from them.
PayPal remains a preferred digital wallet for digital transfers, simply because it’s accessible anywhere and for whatever you need. PayPal can be used as a digital wallet and can pay for all purchases across America. Additionally, you can also link a bank of your choice to PayPal; in fact, almost any commercial bank can be linked to PayPal with ease and convenience. In comparison, Zelle has a specific list of member banks. And if your bank isn’t a member, you can link it to Zelle, but its features, especially transfer limits, vary.
Overall, PayPal is more attractive because it can transfer faster and directly to most commercial banks and e-wallet services. But Zelle isn’t such a disservice either.