Venmo

Venmo is a popular alternative to Zelle. It acts as a digital wallet, allowing you to send money, store funds, and pay some small businesses.

• How It Works: Link your bank account, debit card, or credit card to set up your Venmo account. You’ll also need a valid phone number for registration.
• Fees: Standard transfers to your bank account are free and can take one business day. For immediate access to funds, you can opt for an instant transfer for a 1% fee.
• Extras: Venmo integrates with apps and websites for online checkout. Some small businesses also accept Venmo as a form of payment.