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Can You Send Money Zelle To PayPal Quick Transfers Using a Linked Bank Account

Updated on August 14, 2022

zelle to paypal

Have you just heard that it is not possible to send money from Zelle to PayPal and you are ready to believe that? Wrong!

Although the process can not be carried out directly, you can conveniently send money from Zelle to PayPal by indirect methods. Most customers have been confused after realizing that PayPal does not accept Zelle and you can not add it as a bank on the app.

However, there is a way to work around that and we will show you how in this elaborate guide.

Can I Send Money From Zelle To PayPal?

If you utilise Zelle, you will have the ability to send cash to any bank in the United States. You can also use this option to send money to PayPal indirectly.

Let’s go over how to use Zelle’s free and quick service to transfer funds to your bank account and then to your PayPal account, if necessary.

Step 1: Connect your Zelle accounts to your bank account.

Because the majority of banks in the United States have begun to offer Zelle online banking services, you can easily link this app to your bank.

If you currently have an account and are creating a new bank account, it is best to confirm with their staff whether or not the bank accepts Zelle.

You may send money from Zelle to PayPal if you have a bank account that accepts Zelle money transfers.

If not, you’ll have to find an alternative bank account or forego transferring money to PayPal.

The first step is to link your Zelle account to your bank account. This is simple and will assist you to streamline all future bank transfers.

Step 2: Connect Your PayPal To The Same Bank Account

The next step is to connect PayPal to the same bank account with which you had previously linked your Zelle account. This is necessary because, as we mentioned before, PayPal does not accept Zelle transfers and therefore the money exchange can not take place directly.

It looks like neither of the company wishes to work with the other but having a linked bank account would mean you can access the same funds from either of the apps.

To add a bank to PayPal account you first have to visit its My Money section. Then click on the Account menu and tap on Update. Here another option of Bank Account would show. Enter the details of the account such as the account number and routing number and then confirm the connection.

After this you can easily send money from one app to another using your bank account.

Step 3: Use The Bank as A Middle Party To Exchange Funds

Now that you have linked both the apps to same account, it is time to transfer the funds between them.

You can first use Zelle to send the money to your bank and then transfer it to PayPal account. Hopefully, the funds will be made available within a short period of time

When you have to pay for a service or a purchase through PayPal, there are multiple ways of doing so. Most people like to utilize the funds appearing as PayPal balance while others prefer using the linked bank account or debit card.

You can choose to do either as long as you have sent money from Zelle to the bank account.

What To Do When Sending Money From Your Zelle To Someone Else’s PayPal Account?

In the example that we talked about above, our aim was to show you how to use your own Zelle account to send money to your own PayPal account. This leaves a room to discuss whether the same is possible with someone else’s PayPal account or not.

Well, the answer to this question is that money transfer from Zelle to someone else’s PayPal account is only possible if you have a PayPal account of your own. Moreover, if you don’t currently then you can sign-up immediate and for FREE.

You would have to visit PayPal.com for this task and click on Sign-up. This would open a new page where you need to choose whether you want a personal account or a business account.

Creating PayPal account requires you to enter your email ID which must be valid and then choose a password. Furthermore, information such as name, phone number, and contact address would also be required.

Zelle vs PayPal – In a Nutshell

When it comes to money transfer, novices are usually bewildered about which to use. Similar similarities have been drawn in the cases of Zelle and PayPal, however no definitive conclusion can be reached.

For quick money transfers, Zelle earns bonus points. Furthermore, it may be integrated with a large number of financial institutions in the United States, making it a fantastic alternative for those who frequently need to share money.

PayPal, on the other hand, is a much more secure platform that employs numerous levels of security. In comparison, Zelle does not have a buyer protection feature, which means you cannot return a purchase if it does not match the description when it arrives. PayPal also accepts refund claims that have been submitted within the last six months.

As a result, the final selection is based on what you want. To make things easier for you, we’ve discussed some of the most important comparative factors below.

The Process of Money Transfer With Zelle Is Easy and Straightforward

Zelle is meant for quick money transfer. The app takes out funds from your bank and send them to the recipients bank with no obstacle in between.

On the other hand, PayPal users needs to share their PayPal balance instead. This means that the transfer does not take place directly from the bank instead it proceed using either the money in your app or linked debit card/bank accounts.

Moreover, PayPal charges a fee when using credit card or debit card before it makes the money available as the recipient’s PayPal balance.

Zelle Transfers Are Instant

Obviously, Zelle again takes the lead here by allowing instant sharing of funds. With PayPal you have to look out for many additional steps. Especially if you wish to transfer them to a bank account then you have to separately file this request.

Any transfer made in the evening would arrive on the next day. If there is a weekend or a holiday, you can expect further delays. However, the option of instant transfer is open with $0.25 fee per request. In this way, you can send the money within 30 minutes.

PayPal Offers Better Buyer and Seller Protection

There is no doubt than PayPal is a more secure platform that provides comprehensive safety for online transactions. Although you cannot use these to share funds with family and friends like Zelle, they are quite useful when completing purchases with retailers.

PayPal is further protected by a login details that are required for login. Furthermore, SMS verification can be used to protect it. Zelle may be quickly logged in by simply entering the phone number. As you can see, there is a significant difference in the level of protection that they offer.

PayPal Has Higher Additional Fees

As far as online transactions are concerned, PayPal is the safest and most secure option. You can’t send money to friends and family like with Zelle, but you may use them to make purchases with businesses.

PayPal’s login is secured by a username and password combination that must be entered. In addition, SMS verification can be used to protect it. In order to log in to Zelle, a phone number is all that is needed. Security-wise, there is a huge difference between the two options.

Wrap Up

There you have it!

It looks like sending money from Zelle to PayPal is not a big deal after all. You simply need to own a bank account that is linked to the both apps. Moreover, you can use the same method to send money from PayPal to Zelle as well.

Hopefully, this article has summed up everything that you needed to know about swift and easy money transfer between Zelle and PayPal. If there are any queries left, drop them in the comment section below so can get back to you as soon as possible.

Frequently Asked Questions About Sending Money From Zelle

Can you receive money on Zelle without having a bank account?

Yes. With Zelle, you don’t need an account to transfer or receive money. To get started, all you have to do is download an app and log in. Your funds will then be available for transfer to another account.

Who owns Zelle service?

Zelle is owned by Early Warning Services. The financial service is basically a US-based digital payment platform that works with Bank of America, Capital OneChase, PNC Bank, Wells Fargo, etc.

Is PayPal safer than Zelle?

There is no doubt that PayPal is a safer platform that offers complete protection for the transactions made online. Although you can not utilize these for sharing funds with friends and family just like Zelle, it is quite helpful when making transactions with merchants.

PayPal is further guarded by username and password that is compulsory for login. Moreover, it can be protected by SMS verification.

Does Zelle take fee for money transfer?

No, Zelle does not charge for money transfers. There are no additional fees if you choose not to send funds immediately.