Total gift spending for the 2018 graduation season is expected to reach $5.2 billion, with consumers spending an average of $102.51 on gifts, according to a recent consumer trends survey by the National Retail Federation (NRF).1
Whether a grad is preparing for college, pursuing more school or starting a new job, money is always a great gift to give. In fact, the NRF reports cash will be the most popular gift for those high school and college graduates, with an estimated 55% of those surveyed saying they plan to gift money.
If you find yourself on your way to a graduation party this season, and suddenly realize you forgot to get a card, you don’t have to rush to find the nearest drugstore and spend time scouring the card isle for a generic “You did it! Congrats, Graduate” card. And you don’t have to open up your maps app and search for the closest ATM.
Luckily, you can easily send money to your special grad with Zelle® - along with a fun, congratulatory note.
How to Send a Grad Money with Zelle
To send a grad money with Zelle, start by checking if you already have Zelle through your bank. If you do, you don’t need to download an additional app and can use Zelle through your bank’s mobile app or online banking. If your bank or credit union doesn't offer Zelle yet, you can simply download the Zelle app to get started.
Although it can be tempting to get creative with your graduation gift, graduates will truly appreciate the gift of money as they’re preparing to embark on a new chapter in their lives. And with Zelle, the money will be directly in the grad’s bank account and available to spend typically within minutes2.
Congratulations to all of the 2018 graduates!
Learn more about how Zelle works.