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Cash App vs Zelle

Cash App vs Zelle

Alysha Jane
Fact Checked
July 6, 2022

When it comes to mobile payment apps, there are two clear frontrunners - Cash App and Zelle. But which one is better?

Cash App, formerly known as Square Cash, is a peer-to-peer (P2P) payment app that allows users to send and receive money with just a few taps on their smartphone. It’s fast, convenient, and doesn’t require you to have a bank account.

Zelle, on the other hand, is a P2P payment service that’s integrated into the apps of over 100 banks and credit unions. This means that if your bank offers Zelle, you can use it to send money to someone else’s bank account without having to leave your bank’s app.

Table of Contents

Platform Highlights

Cash App and Zelle Comparison

So, which one should you use? Let’s take a look at the key differences between Cash App and Zelle.

Cash App Zelle
Transaction Fees 1.5% 0%
Send & Receive USA and UK USA only
Limits $10,000 daily limit $15,000 daily limit
Investing Platform Image Image
Cryptocurrencies Image Image
KYC/AML Email address only Requires a US Bank account
Customer Support Image Image
User Exeperience Image Image
Website Visit Cash App Visit Zelle

Ease of Use

When it comes to ease of use, Cash App is the clear winner. The app is designed with simplicity in mind and doesn’t require you to have a bank account. All you need is a debit card and an email address or phone number.

Zelle, on the other hand, is a bit more complicated. While the service is integrated into the apps of over 100 banks and credit unions, each one has its own process for sending and receiving money. This can make Zelle a bit confusing to use, especially if you’re not familiar with your bank’s app.

Cash App vs Zelle
Send, Receive, Bank and Invest with Cash App.

Fees

Both Cash App and Zelle charge fees for certain transactions. Cash App charges a fee of 3% for all credit card payments and 1.5% for instant deposits.

Zelle doesn’t charge any fees if you use your bank’s app to send money. However, some banks may charge their own fees for using Zelle.

Zelle vs Cash App
Pay 0 fees when sending or receiving USD with Zelle.

Security

When it comes to security, both Cash App and Zelle are equally safe. Both apps use encryption to protect your personal information and require you to verify your identity before you can send or receive money.

However, Cash App does have an extra layer of security with its PIN code feature.


The Bottom Line: Cash App vs Zelle

Both Cash App and Zelle are convenient ways to send and receive money. However, Cash App is the clear winner when it comes to ease of use and fees.

Zelle is a good option if you want to use your bank’s app to send money or if you’re looking for a more secure option.

Cash App vs Zelle

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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