Expands Access to Another 7.5+ Million Accounts In 38 States
NEW YORK — Zelle today announced that at least 178 new financial institutions from communities in all parts of the country have gone live with or signed up to bring the popular money transfer service to their customers during Q4 2024 and Q1 2025. With the addition of these new banks and credit unions, there will be more than 2,300 financial institutions on the Zelle Network® – 95% of which are community banks and credit unions.
“Zelle serves banks and credit unions of all sizes, providing their customers and members a fast and reliable way to send money within the regulated banking industry. Our partnership with community banks and credit unions is deeply valuable to us and helps banks and credit unions do what they do best — stay close to their customers and members, and continue to deliver value, even in uncertain times. From rural towns to urban neighborhoods, we are meeting people where they bank and putting financial power in more hands,” said Denise Leonhard, general manager of Zelle.
Combined, the 178 new financial institutions represent at least another 7.5 million bank and credit union accounts in 38 states around the country. As consumers and small businesses demand faster, flexible ways to send and receive money, financial institutions of all sizes are represented in these new additions to the network.
Key Facts:
- In 2024, Zelle helped American consumers and small businesses send over $1 trillion – the most money ever sent by a person-to-person payments service in a single year.
- Zelle is available from financial institutions in all 50 states — from South Carolina to Michigan, from New Hampshire to Iowa, and from Wisconsin to Nevada.
- Nearly 50% of Minority Depository Institution (MDI) banks are on the Zelle Network and Zelle recently launched a program to help expand access to Zelle to more MDI credit unions.