Sending and receiving money from the United States to Venezuela without commission is now easier thanks to Zelle, an online dollar payment network that operates with banks in the United States. Its growing popularity in Venezuela is due to its usefulness in buying and selling goods or services in dollars. Below, we present the requirements and steps to open a Zelle account and take advantage of this application that allows transfers without commissions or additional costs.
Requirements to open a Zelle account in Venezuela:
US USA mobile phone number: Must have a mobile phone number registered in the United States.
USA Visa or MasterCard debit card USA: Must have a Visa or MasterCard debit card issued in the United States.
US Bank Account: You must have a bank account with a Zelle-compatible bank.
Linking credit cards not allowed: Your Zelle account cannot be linked to any credit card.
US Dollar Transfers: Zelle only supports transfers between dollar bank accounts within the United States. The transfer limit depends on the partner bank and can vary between $1,000 and $3,500 per day.
Advantages of having a Zelle account
One of the main advantages of Zelle is that it does not charge fees for transactions, similar to PayPal or other bank transfers. In addition, the money transferred is effective in a few minutes.
What to do if your bank is not affiliated with Zelle?
If your bank is not affiliated with Zelle, you can follow these steps:
Open the Zelle app on your Android or iOS device.
Press “Start” to start the registration.
Enter your mobile phone number and email, then continue.
Confirm that your bank is not in the affiliate list and select “Can’t see your bank?”
Provide your debit card information (Visa or MasterCard) and your billing address, then click “continue.”
Once this process is complete, you are ready to receive money through Zelle. You just need to give your phone number or email to the person who will send you money.
Is it possible to have a Zelle account with Venezuelan Banks?
It is not possible to open a Zelle account with banks in Venezuela, because the platform only works with US banks. However, you can make transactions and receive payments through Zelle using digital wallets such as Reserve, TransferWise, AIRTM, and others.