The Zelle app is shutting down on Tuesday - try these alternatives for sending money

SOPA Images / Getty Images Today, over two thousand financial institutions use Zelle. Although it's a standalone app, most banks offer Zelle within their own applications. I've used Zelle on occasion, and my wife uses it every day for her business. But starting as soon as tomorrow, the Zelle app -- not the service -- can no longer be used to send money. Also: How AI can help you manage your finances (and what to watch out for) Why is that? According to this official Zelle post from October 31, 2024, "When Zelle first launched, we also created a standalone Zelle-branded app for consumers whose banks or credit unions had not yet joined the network. With the strong growth of adoption by banks and credit unions, we now see just ~2% of transactions on the standalone app." It makes sense. Since most banks offer the Zelle service within their own apps, and approximately two percent of transactions are handled within the Zelle app, the company can save money by phasing out the ability to ... Read full article.