Popmoney vs Zelle: A Side-by-Side Comparison [2023]

Are you tired of waiting in long lines at the bank or sending paper checks in the mail?

Say hello to Popmoney and Zelle, the revolutionary digital money transfer services that make it easy to send and receive funds from the comfort of your own home.

With fast, secure, and low-cost options, these services are changing how we handle our finances.

But with so many similarities, it’s not easy to choose between either of the two apps.

So, in this article, I’ll explore the differences between Popmoney and Zelle to help you choose the app that meets your financial needs.

Popmoney vs Zelle: Overview

Popmoney and Zelle are two of the biggest online payment services today, which makes it difficult to choose between them.

PopMoney is a service offered by many different banks, while banks and credit unions offer Zelle.

PopMoney allows users to send money directly through their bank accounts without signing up for an account with Popmoney. Users can also send money using Popmoney if they don’t want to use their bank account or prefer not to share their account information with the recipient of their payment.

Zelle is only available at participating financial institutions and works directly with your checking or savings account — no need for a new username or password! There are no fees associated with using Zelle unless you choose cash pickup as the delivery method for your transaction (then there will be a fee).

How does Popmoney and Zelle App work?

The Popmoney and Zelle apps work similarly. You must first connect your bank account to the app to send money.

Once you’ve done this, you can start sending money to others by using their phone number or email address.

This is much faster than going through a traditional wire transfer method like ACH or check to process because it has no fees!

Popmoney vs Zelle: Primary Features

Popmoney is a service for sending money to friends, family, and people you trust. Zelle is also a service for sending money to friends, family, and people you trust. Popmoney and Zelle both have mobile apps that allow users to send each other money quickly and easily.

Zelle was born out of an agreement between Bank of America, JPMorgan Chase, and Wells Fargo—the three biggest U.S. banks—to create a network that allows all their customers to send each other funds via text messages or email (it’s called clearXchange).

Popmoney has been around since 2001, when Capital One Bank launched it as an online payment system for its customers. However, it has expanded across the country with over 50 participating financial institutions, including American Express, Ally Bank, Navy Federal Credit Union, and PayPal Credit & Venmo.

Although not every bank allows for transfers using PopMoney, it continues growing steadily, with over 14 million users today and over 1 billion dollars sent every month using this service alone!

Popmoney vs Zelle: Sign-up Process

zelle app

Signing up for a Popmoney account is easy and doesn’t require personal information, financial information, or banking details.

All you need is an email address—that’s it! You’ll then be able to choose how you want your money sent (e.g., by text message) and how often you’d like to receive payments (e.g., weekly).

Once your account is set up, the next step is sending money through the app.

This part of the process couldn’t be easier: all you have to do is enter the person’s name or phone number into the “To” field on their screen and select whether they’ll get an email notification about receiving funds in their accounts afterward.

Popmoney vs Zelle: Account Limitation

There are also different account limits between Popmoney and Zelle. The account limit for Popmoney is $2,000 per day and $10,000 per month.

On the other hand, Zelle’s daily transaction limit is $500, but its monthly transaction limit is unlimited.

If you plan to use the service frequently, it would be more convenient to choose Popmoney since there is no limit on how many transfers can be made per month or even within a single day.

However, if you plan on using it only occasionally or need to make a bigger transfer at once (more than $1,000), then using Zelle would be better because it lets you send up to $5,000 in one transaction without having to wait for your next payday or paycheck.

Popmoney vs Zelle: Fees

Both Zelle and Popmoney are relatively affordable options when it comes to money transfer services. You can expect to pay less than what you would if you used another service, such as PayPal or Venmo.

Most banks will charge no fees for using Popmoney or Zelle (some might). However, some banks charge a $1.50 per transfer on top of the flat rate they’re already charging.

Popmoney vs Zelle: Accessibility

Popmoney and Zelle are both available on the web and via mobile devices, making them accessible to most users.

However, they differ in the number of people who can use them: Popmoney is available to virtually every U.S. consumer with a bank account.

At the same time, Zelle is only available to people with a checking account or debit card in good standing at one of several participating banks (and even then, some banks limit its availability).

Popmoney vs Zelle: Security and customer support

Both companies offer secure transactions and 24/7 customer support. Popmoney also offers a money-back guarantee if you don’t receive your money in time.

Zelle has more security features, including the ability to cancel any payment within 3 days of sending it (as opposed to only being able to cancel payments if they haven’t been claimed).

Popmoney does not offer a mobile app, unlike Zelle, which has both iOS and Android apps for sending money.

Popmoney vs Zelle: Limits on transfers

Popmoney and Zelle have limits on the amount of money you can transfer each day, but their weekly limits are about the same.

The monthly limits for both platforms are also very similar: $10,000 per month via Popmoney and $10,000 per month via Zelle.

The difference is that Popmoney only allows transfers to bank accounts in the United States, while Zelle is available to users in all 50 states (and Washington D.C.).

Popmoney vs Zelle: Transfer time

In terms of transfer time, Popmoney transfers can take up to 3 business days, and Zelle transfers can take up to 2 business days. This is the typical timeline for most bank-to-bank transfers.

However, it’s important to note that this number depends on your bank and the recipient’s bank—so there are no guarantees regarding how long it will take for your money to arrive in their account.

Conclusion

Ultimately, the choice between Popmoney and Zelle comes from your personal preferences and financial needs.

Both services offer secure and convenient ways to send and receive money, but they have different features and fee structures that may make one more appealing to you than the other.

It’s worth taking the time to consider which service aligns best with your specific needs and financial goals.