Transferring money from Zelle to Chime is not a straightforward process. That is due to the policies these two of the biggest financial platforms have. This has made many people ask a question: Can I transfer Zelle to Chime?
Well, yes. But not directly. Zelle does not allow its users to directly send money to Chime. However, there are some shortcuts one can take to perform this action.
In this blog, we are going to discuss this shortcut and help you transfer money from Zelle to Chime without facing any inconvenience. But before we do so, it is important to understand what Zelle and Chime actually are, and more importantly, why Zelle does not allow its users to send money to Chime. Let’s begin.
What is Zelle and Chime?
Zelle and Chime are two of the biggest financial platforms that make people’s financial transactions and money transfers smooth. Let’s first discuss Zelle. Zelle is one of the largest digital financial platforms that helps people make money transfers and bill payments a seamless process. It is owned by a big company known as Early Washington Services LLC.
Chime, on the other hand, is another digital finance platform that provides somewhat similar services as Zelle. This financial technology provides most of its features such as saving options for totally free without costing anything.
Due to some of the convenient features, these two applications have been quite popular among Americans. Their convenience is one of the biggest reasons why Americans prefer these two platforms to make their transactions and payments instead of conventional banking methods.
To answer the question, “Can I transfer Zelle to Chime?” discussing both platforms’ introduction is not enough. We have to find out the reason why it is not a smooth process to send money from Zelle to Chime. So, let’s try to find out.
Integration of Zelle with Chime:
Answering the above-discussed question (Can I transfer Zelle to Chime) begins with why Zelle does not integrate with Chime. It has been a hot topic among people. The competition between these two platforms is considered the basic reason of it.
Chime came as a competitor one year after the launch of Zelle in 2011. This might’ve created tension between the two platforms due to which they do not allow a direct money transfer between themselves.
There’s another logical explanation for this. The reason why Zelle does not integrate with Chime is because of the transfer policies these two have. This type of policy has always been around between competitor platforms and businesses forever. However, our main concern is not discussing why it is not a straightforward process to transfer money from Zelle to Chime. Our real question is still the same. Let’s discuss how it can be done.
Can I Transfer Zelle to Chime?
Straightforward answer? Yes. You can transfer money from Zelle to Chime. However, you will have to follow the below-given step-by-step process to do so.
Step 1 – Connect a Bank Account with Zelle:
This might sound odd a little bit at first. However, following all the instructions will make it work. The first thing you need to do in order to send your money from Zelle to Chime is to link a bank account with Zelle. This bank account actually works as a bridge between Zelle and Chime.
Most of the American banks are compatible to link with Zelle. You will not have to face any sort of inconvenience connecting a bank account with Zelle in most cases. To perform this, follow the below-given steps:
- Sign up or log in to your Zelle account
- Provide the necessary information about your bank to link an account. This information includes social security number, name and address, account number, etc.
- After connecting the bank account, Zelle might send a confirmation email for verification purposes. Check your email inbox and verify your account.
Step 2 – Connect the Same Bank Account with Chime:
Once you have linked a bank account with your Zelle app, it’s time to do the same with Chime. The bridge has to connect with its other end, after all. To connect a bank account with Chime, you will have to follow the below stated steps:
- First of all, login (or sign up) to your Chime account
- After that, go to the settings and find the option stating “Link a Bank Account”
- After clicking on the option, you will be asked for necessary information about your bank account.
- Now, just like Zelle, Chime will also send you an email for verification. Make sure to verify your account by opening (and following) the instructions within the email.
Step 3 – Start Transferring Money from Zelle to Chime:
The answer to the question “Can I transfer Zelle to Chime” is about to be given. Now that you have connected a valid bank account with both Zelle and Chime, transferring money has become possible between these two platforms.
The most convenient method is to send money through Zelle to Chime.
This is one of the most convenient methods you can use to transfer money from Zelle to Chime.
Read also: Best Online Payment Methods for Businesses
Zelle and Chime are two of the most widely used financial platforms in America. Due to the convenience, these two fintech giants provide, most people use these platforms instead of conventional bank accounts. However, most people keep on asking the question, “Can I transfer Zelle to Chime?”
Yes, by following a few easy steps, you may transfer your money from Zelle to Chime with ease. In the information above, we went into deep detail about these steps. Make sure to study them to start transferring money between these two fintech giants without facing any inconvenience