[happymellon]

I didn't mean for this to be an American bashing thread I'm just surprised that it's taken this long.

Zelle is not universal, I think it's around 20% of banks/credit unions don't support it, and has high fees associated with it. It's good to see the Fed doing something about it.

[lotsofpulp]

I have never seen an fee associated with transferring money with Zelle.

[happymellon]

That has to be the worst take in this entire thread.

Zelle does a debit charge over the Visa and MasterCard networks. Larger institutions get discounts on these networks through volume agreements, while smaller ones have to eat the larger charges per transaction because larger banks don't pass their smaller costs on.