Money transfers from your bank could get easier next week
The Zelle service on Tuesday will launch a free app for transferring money between many US banks, including Chase, Citibank, Wells Fargo and Bank of America.
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That should make it easier for more of us to use the service -- and to modernize our money-handling habits beyond the era of cash and checks.
You may not have heard of Zelle but you likely will. Banks have been pushing the service to their millions of customers, evidently with some success. More than 50,000 people enroll each day, and they made $33.6 billion in payments in 100 million transactions in the first half of 2017, Zelle said.
There are plenty of contenders for peer-to-peer (P2P) payment services, though, including PayPal's Venmo and Apple Pay.