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Written by Ben Scribner on April 8, 2023
Category: 
FTC Disclosure

Does Acorns Work With Zelle In 2023?

Acorns is a popular investment app that allows users to invest their spare change.

The app rounds up the amount of each purchase made with a linked credit or debit card to the nearest dollar and invests the difference in a diversified portfolio of ETFs.

One question that often arises among users is whether Acorns supports Zelle for transactions.

In this article, we will explore whether or not Acorns uses Zelle.

What Is Zelle?

Zelle is a digital payment network that allows users to send money to friends, family, and businesses with just a few taps on their mobile devices.

The service is offered by a number of banks and credit unions in the United States and is used by millions of people to send and receive money.

Does Acorns Work With Zelle?

Acorns does not support Zelle transactions.

Instead, the app uses a third-party payment processor called Plaid to securely link users' bank accounts to their Acorns accounts.

Plaid is a popular payment processing service that allows users to securely link their bank accounts to various financial apps, including Acorns.

To link their bank accounts to Acorns, users are required to provide their bank login credentials to Plaid.

Plaid then uses this information to securely access the user's bank account and retrieve the necessary data to facilitate the investment process. This information includes the user's account balance, transaction history, and other relevant data.

Plaid is a trusted payment processor that is used by a number of popular financial apps, including Venmo, Robinhood, and Coinbase.

The company takes security very seriously and uses a number of measures to ensure that users' data is kept safe and secure.

Conclusion

In summary, Acorns does not support Zelle for transactions.

Instead, the app uses Plaid to securely link users' bank accounts to their Acorns accounts.

Plaid is a trusted payment processor that is used by a number of popular financial apps and takes security very seriously. Users can rest assured that their data is safe and secure when using Acorns.

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.

Article written by Ben Scribner

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