Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Ben Scribner on April 8, 2023
FTC Disclosure: Some of the links on this site are affiliate links. Read our full disclaimer here.

Does Wise Work With Zelle In 2023?

Wise, formerly known as TransferWise, is a popular money transfer service that allows individuals and businesses to send and receive money internationally.

Zelle, on the other hand, is a person-to-person payment system that enables users to send money to anyone with a U.S. bank account.

While both services provide users with a convenient way to transfer money, they serve different purposes and operate in different markets.

Wise is primarily designed for international money transfers, whereas Zelle is focused on domestic transactions.

What Is Zelle?

Zelle is linked to many major U.S. banks and credit unions, so you can easily send and receive money through your existing bank account.

Zelle offers fast, free transfers, but it is only available for domestic transactions within the U.S.

Unlike Wise, Zelle does not offer currency exchange services for international transactions.

Limited Time: Robinhood 1% Transfer Bonus

If you transfer an existing brokerage account to Robinhood through December 8th, 2023, you can get an Unlimited 1% Transfer Bonus.

Robinhood Transfer Bonus

For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.

In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
Webull Logo6 Free Fractional Shares When You Deposit $1+Claim Bonus
Moomoo Logo5 Free Stocks When You Deposit $100+Claim Bonus
Acorns Logo$20 Bonus When You Invest $5+Claim Bonus

Does Wise Work With Zelle?

Wise does not use Zelle for its transfers. Instead, Wise has its own proprietary network of bank accounts in different countries, which allows it to offer fast, low-cost international money transfers.

When you send money through Wise, the company will convert your funds into the recipient's local currency using the mid-market exchange rate and transfer the money directly to their bank account.

This can save you a lot of money compared to using traditional bank transfers or other money transfer services that may charge higher fees or offer less favorable exchange rates.


In conclusion, Wise and Zelle serve different markets and have different features.

While Wise is a great option for international money transfers, Zelle is ideal for domestic transactions within the U.S.

If you need to send money internationally, Wise is a reliable and cost-effective option, and you can rest assured that your funds will be transferred securely and efficiently.

Don't forget to grab your free stock worth up to $200 from Robinhood today!

Article written by Ben Scribner

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram