Wise
8.2#4 in money transfer appsFree planFree planAndroidiOSWeb
VisitWise vs Zelle
What both publish
| Fact | Wise | Zelle |
|---|---|---|
| Founded | 2011 | 2017 |
| Free plan | Yes | Yes |
| Headquarters | London, United Kingdom | Scottsdale, Arizona, United States |
| Integrations | Wise says it has partnered with companies including Monzo, Bolt, and GoCardless to provide their customers international banking services. | Zelle is offered through participating banks’ and credit unions’ mobile banking apps and online banking services. |
| Mobile platforms | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. | both |
| Recipient methods | bank | bank |
| Security | Wise says it safeguards customer money separately from its own and uses two-step authentication to protect accounts and transactions. | Zelle says authentication and monitoring features help secure payments, and users do not need to share sensitive financial or personally identifiable information to send or receive money through their bank app. |
| Transfer speed | On many popular routes, transfers can arrive within one day, the same day, or instantly. | Payments to enrolled recipients are typically available within minutes. |
| Transfer tracking | The app shows the list and current status of transfers users have set up. | Yes |
Wise plans
- Wise personal account and transfersFree
Zelle plans
- Consumer ZelleFree
- Small business ZellePriced on request
Pick Wise if…
Wise suits people sending money to overseas bank accounts or receiving payments from abroad. It may also suit users who want to track or schedule transfers and receive exchange-rate alerts.
Pick Zelle if…
Zelle suits people with eligible U.S. bank accounts who want to send or receive money through a participating institution’s banking service. Eligible small businesses can also use it for customer payments and transfers to vendors or employees.