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.
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.
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.
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.