Zelle® Blog

Even after scholarships, financial aid, and money from a part-time job, being a college student is expensive.

In fact, according to the National Retail Federation (NRF), college students and their families are planning on spending an average of $1,059.20 on back-to-school items like laptops, mini-fridges, and textbooks. And that doesn’t even include monthly costs like room and board, which College Data estimates to be $11,620 on average per academic year.

On top of all these costs, it can be tough to keep track of the smaller payments here and there. How much do you owe Katie for bowling last week? Who’s already paid you back for drinks last night?

Luckily, when these costs add up, you don’t need to worry about taking a trip to the ATM for other costs like paying your roommate for the TV they got for your dorm room. You can easily access Zelle® on your phone within your banking . Zelle®  makes it fast, safe, and easy for college students to send and receive money, and even split costs, for free1. All you need is your mobile phone and a bank account in the U.S.

Tips for Sharing Expenses with Roommates and Friends

Sharing is caring—especially in college. Here are a few ways to split expenses and share bills (without the undesired awkwardness).

Split the cost for experiences

Just found out your favorite band is playing a few towns away and convinced your friends to be spontaneous groupies with you? Simply split2 the cost of the gas and snacks for the road, without the hassle of the ATM. And keep track of who paid and still owes within your Zelle® activity feed. Then, get back to your car karaoke performance and make some memories.

Spot your friend

We all have that one friend. The person who always forgets their wallet or worse, loses their credit card. If you regularly offer to cover their late-night coffee or share of pizza, it adds up. Luckily, it’s easy for them to pay you back. You can use Zelle® to request even the smallest expenses, like the $2.50 they owe you for that late-night espresso shot.

Split groceries and utilities

Luckily, all six roommates don’t need to write separate checks or make trips to the ATM. If you’re the ‘Head Rent Payer,’ you can easily receive money from your roommates using Zelle®, regardless of where they bank. It’s also easy to request everyone’s share of the water, electric, or internet bill. No wads of cash necessary.

Back-to-school costs and bills during college can quickly become overwhelming. Fortunately, you can use Zelle® to easily keep track of and split expenses with your roommates and friends.

Get started using Zelle® this school year.


1U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes and generally do not incur transaction fees. Check with your financial institution for more info.

2In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle®.