Venmo VS Zelle: Find out which is better money-saving app in 2022

Nowadays, sending mobile payments to friends and family is a common way for people to split bills, and the same goes for sending mobile payments to others you cannot afford. Cash, bank trips, and writing checks are no longer necessary with money apps such as Venmo VS Zelle.

The Zelle and Venmo apps make it easy to split meal costs or travel costs with a friend. Both have their fair share of popularity among people in the United States. But which is the best? To find out, keep reading this post as we will draw a fair comparison between these two most frequently used apps for money transfers. Starting with let’s discuss each option briefly.

Venmo refer-a-friend program offers a $20 referral bonus when you invite someone to join via Venmo referral code and they open a personal Venmo account. Invited users will also receive a $10 Venmo sign-up bonus.

Zelle lets you send money, split payments, and pay bills. It’s like Venmo and Instarem but works with more than 60+ banks in the USA, including Bank of America, Chase, and Wells Fargo.

Venmo VS Zelle
Venmo VS Zelle: Find out which is better money-saving app in 2022 4


Venmo is an app that provides a convenient solution to send money to friends and family when you don’t want to deal with cash. Using Venmo’s mobile app, users (account holders) can also transfer funds quickly and easily among Venmo accounts.


Zelle is also an excellent app for money transferring, freeing you from the burden of handling cash or going to the bank thanks to its peer-to-peer (P2P) money transfers. Zelle facilitates the direct transfer of money between bank accounts.

Now let’s talk about their features respectively.

Venmo Features:

Let’s discuss its important features.

  1. Convenient and quick payment options: Withdrawing money from venom to the bank account takes up to three business days. Venmo charges a 1% fee for instant transfers, which can speed up the process. In that way, money transfers will be super fast.
  2. Reliable & Free: Venmo has no regular fees, such as those charged monthly or annually. Transferring money from your Venmo balance, debit card, or bank account is reliable and free. You won’t be charged any fees for receiving money or transferring it to your bank account if you choose an instant transfer instead of a standard transfer.
  3. Freely Switch-in between Credit or Debit Card Options: A Venmo payment card is available for frequent Venmo users. Cardholders can choose between a debit and a credit card. With Venmo Debit Cards, users can access their Venmo balance. Some stores offer cash-back offers through it, and there is no annual fee.
  4. Payable at select merchants: In addition to Uber, GrubHub, Hulu, Poshmark, and Foot Locker, Venmo is a checkout option on many other applications and websites. Venmo can streamline the checkout process at businesses that accept Venmo.
  5. Enhances the social aspect of payments: Venmo stands out as a different kind of payment app. Likes, comments, and messages are attached to each payment in this payment app, similar to social networks. Despite its inconvenience to some users, it is a rather enjoyable feature for others.

Now let’s see what Zelle has to offer.

Zelle Features

Let’s talk about its features.

  1. Compatibility:  Almost all major banks are compatible with Zelle, and many even integrate the service into their mobile banking apps. For Zelle to accept and send funds, users must provide a phone number, email address, and debit card information.
  2. Free:  With Zelle, you don’t have to pay fees, unlike with other P2P transfer services. When users send money with a credit card or want to immediately deposit funds into their bank account, Venmo and Cashapp charge fees. When transferring large sums, these fees can reach 3%.
  3. Unlimited Money Transactions:  It is possible to accept any amount of money through Zelle. There is a possibility you can transfer more significant amounts if your bank offers Zelle.
  4. Reliability:  Zelle can be considered a more secure way to move money than handling cash and sending bills or checks by mail. The company boasts that it protects your financial data, as your bank already does. Your money is always insured since your funds are never held by a third party.
  5. Fast money transfers: Instant money transfers are easy with this payment option. Zelle clients can receive money transfers within minutes in most cases. Thus, handling personal finances and money transfers has never been easier.

Venmo VS Zelle Comparison:

Now have discussed their features, let’s compare the two thoroughly, and let’s see which has most of the perks!

What is the Fastest App?


With Venmo, you can transfer money instantly, but it takes a 1% fee. A regular money transaction through Venmo takes 1-3 business days.


While a typical money transfer through Zelle is super-fast, usually done within minutes. Hence it charges no fee for extra fast service.

Which app is user-friendly?

Is Zelle safe to use 1
Venmo VS Zelle: Find out which is better money-saving app in 2022 5


The Venmo app allows for easy navigation and is fun to use. Users connected to the service can be viewed by scrolling through the list when a user selects them.

Venmo users can see who is paying through a social media streaming device. While sending and receiving money, you can also include GIFs, emojis, and messages.

There is no difficulty finding contact information. Enter the recipient’s name to send an email or make a payment. Alternatively, you can provide your phone number, email address, or Venmo username.


Most banking systems in the USA allow Zille in their banking app. A user may choose to “send or receive” Zelle money by clicking “Send Zelle money.”

A list of phone numbers and recipients will automatically pop up for first-time users. You can easily add new contacts by filling in the operator’s email address or phone number.

Which app is cheap?


Venmo charges a 1% fee in case of instant transactions. When paying from a credit card, it can deduct up to 3% of the transferred fee.


The main attraction associated with Zelle is it doesn’t charge any fee in money transactions whatsoever.

Which is the more reliable option?

Both Venmo and Zelle are considered reliable and the safest options up to date.


I hope you enjoyed reading it. In this post, we tried to draw a fair comparison between the two well-researched and unbiased. Please feel free to leave your questions in the comments section.


Is Zelle bigger than Venmo?

P2P (person-to-person) payments were processed by Zelle for $35 billion in Q4 2018, while Venmo was responsible for $19 billion. For the full year, Zelle’s total was $122 billion, almost double Venmo’s $62 billion.

zelle vs venmo vs cash app

Users can transfer funds from a linked bank or credit union account to another via Venmo, Cash App, and Zelle, which are peer-to-peer mobile payment apps.

What are the cons of Zelle?

– The site does not offer fraud protection.
– Credit cards cannot be used to transfer funds.
– Bank accounts in the United States are the only ones that are supported.
– Certain payments cannot be canceled.
– Payments are limited.

Venmo vs PayPal

PayPal is one of the largest online payment processors in the world. Sign Up Now! Secure all your Transactions with our 24×7 Fraud Prevention
The Venmo brand is part of PayPal’s larger family of brands. Sending and receiving money is easy with this mobile payment app.

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