If you are having a problem sending money from Zelle to Cash App directly, we are sorry to say that you are surely doing it wrong. Both the payment platforms yet not support direct transfers from each other and require certain pre-requisites to endure before beginning. Here, we will guide you on everything you need to know about sending money from Zelle to Cash App and vice versa.
Can I Transfer Money From Zelle To Cash App?
Zelle, as we already know is one of the fastest and most secure digital payment platforms that you can use to send money to your friends and family. Digital wallets have been exceptional for a while now allowing customers with seamless money transfers.
Traditionally, before the existence of these online financial hubs, people had to wait in long queues at the banks to get their work done. But now, digital technology has revolutionized to the point where it has cut off all the unnecessary hassle for banking consumers.
In our respective guide, we will be focusing on two of the most eminent digital payment platforms, i.e., Zelle and Cash App. It would be fair to mention here that Cash App needs no introduction. It was developed by a US-based payment platform i.e., Square Inc, and has been facilitating the customers in different ways like providing money in times of need.
Cash App users can begin performing their transactions by creating their $Cashtag, which is a unique identifier of their ID. In addition, Cash App grants you a debit card too upon request with several exciting perks to enjoy, you can view your history, use the card to cash out, and do much more!
Before we get into further details, please note that Cash App and Zelle are both specific to US regions and people need to have a US-based bank account to transfer money from Zelle to Cash App.
Sending money with Zelle is undemanding and can be done by using the contact details or the email address. But there is a slight difference when we talk about sending money from Zelle to Cash App. You cannot do it directly and need to have a bank account to mediate such transfers.
Make sure that you have a common bank account linked with both the Cash App and Zelle, and only then you will be able to make a transfer from one payment platform to the other.
1. Link a Bank Account with Zelle
You can link your respective bank account with Zelle digital payment platform in the below-mentioned steps.
- Download the Zelle app on your devices.
- Once done, please log in to your Zelle account using the credentials.
- Next, look for the icon of Settings on the home screen.
- Once done, choose the Add Bank option.
- Follow further prompts on the screen to link your bank account with Zelle.
2. Link a Bank Account with Cash App
Another step you need to perform to be able to send and receive money between the payment platform under our discussion is to link a bank account with Cash App. To do so, please follow these steps.
- Download the Cash App on your devices.
- Once done, please log in to your account using the login credentials.
- On the Cash App home screen, navigate for the option of Banking Tab. Click on it.
- Once done, click on the option of Link Bank. Add all the required details of your bank account.
- Please follow further instructions on your screen to complete the process of linking your bank account with the Cash App.
3. Transfer Money from Zelle to Bank Account
After you have successfully linked both of your payment apps to the officially registered bank account, you can transfer money from Cash App and vice versa. To transfer your money from the Zelle to your bank account, go through the steps discussed below.
- Go to the Zelle app on your device.
- From there, look for the option of Send Money.
- Next, enter the amount in the field that you wish to send to your linked bank account.
- Follows further on-screen instructions to proceed further.
Now that you have successfully transferred your money from the Zelle to your bank account, it wouldn’t be difficult to transfer the balance to your Cash App.
4. Transfer Money from Bank Account To Cash App
A cash App debit card is one of the ways you can cash out money from your Cash App account. You can always use your bank or the card balance just when your Cash App runs out of sufficient balance to support the transaction. This is where you need to add your payment card such as the bank or debit card if you haven’t already.
You can also transfer your Cash balance to the linked bank account and this is how you can do it easily.
- Go to the Cash App on your device.
- Click on the option of Balance from the home screen of the Cash App.
- Next, please choose any amount you want to cash out from your Cash App.
- Once done, click on the option of Cash Out from there.
- Next, please choose the speed or say the type of transfer from there.
- After choosing the transfer type, please confirm the transaction.
- To do this, you must provide your security PIN or the Touch ID as identity verification.
Please note that instant transfers cost you 1.5% of the transfer amount but are readily available in your account within 30 minutes. On the other hand, standard transfers are free of cost but can take up to three business days before the funds are available in your account.
Before You Go!
Zelle and Cash apps are both financial companies and digital wallets facilitating people with seamless money transfers. They impact thousands of people in the United States who can easily access the payment apps from their smartphones or desktops. Sending and receiving payments in between digital financial platforms isn’t much of a task if handled correctly.
To receive money via the Zelle app, it is important that your respective support Zelle as the payment option. Rest is all a piece of cake as transfers can be made using only the contact number or the email address. To transfer money from Zelle to Cash App, make sure you link both the apps to a similar bank account.
Miriam Caldwell is a dedicated & expert freelance writer to educate people about personal finance management and budgeting. She shared her knowledge and published the articles at TheBalance.com, GOBankingRates, and BlissfullyDomestic.com. Many financial institutes pick Caldwell as the brilliant source for educational personal finance content.