Birmingham, AL

Javier Rodríguez Soler (Jan 2019–)

PNC Financial Services

Compass Bancshares became a wholly-owned subsidiary of Banco Bilbao Vizcaya Argentaria (BBVA), the second largest bank in Spain. Following the acquisition, Compass Bank was renamed BBVA Compass.

BBVA Compass is part of the Banks & Credit Unions test program at Consumer Reports. In our lab tests, Banks models like the BBVA Compass are rated on multiple criteria, such as those listed below.

It’s easy — Zelle is already available within Compass Financial Federal Credit Union’s mobile banking app and online banking within Bill Pay! Check our app or sign-in online and follow a few simple steps to enroll with Zelle today.

You can transfer money between BBVA accounts you own, to other BBVA customer accounts, to an account at another bank, or to other people using the Popmoney service. You may also transfer money into your BBVA account from an account you own at another bank. Customer limits vary.

The short answer is that you can’t make a Zelle account without a bank. In essence, Zelle is a service used by bank customers to transfer their money between accounts in the USA. It’s supported by banks, but there are ways to use the Zelle app without having a bank account.

What if my bank isn’t in the Zelle Network®? But, even if you don’t have Zelle® available through your bank or credit union, you can still use it! Simply download the Zelle® app in the App Store or Google Play and enroll an eligible Visa® or Mastercard® debit card.

If you are sending a payment and an error occurred: There may be an issue with the email address or mobile number they have enrolled with Zelle®. You may verify with the Recipient they have fully enrolled with the email address or mobile number you are trying to send money, and have opted into receive notification.

If your recipient isn’t enrolled with Zelle, they’ll get an email or text notification letting them know that money is waiting for them. They’ll be prompted to enroll to receive the money you sent. If your recipient doesn’t enroll, they won’t receive the money. Choose “Send Money With Zelle®.

Zelle, being a bank-backed app, clearly has the competitive advantage here. However, while Zelle may appear more secure, applications like Venmo and PayPal are just as secure. All of them use data encryption to protect users against unauthorized transactions and store users’ data on servers in secure locations.

Like Zelle, Venmo allows users to send and receive money using an individual’s phone number or email. Both users must have a Venmo account.

Here’s a list of the banks that are participating in Zelle:

• Ally Bank.
• Bank of America.
• Bank of Hawaii.
• Bank of the West.
• BB.
• BECU.
• Capital One.
• Citi.

What Banks Use Zelle? Zelle is compatible with nearly all major banks, and most even have the service integrated into their mobile banking app. Consumers who download Zelle’s standalone app must provide a phone number or email and debit card information to be able to receive and send funds.

More than 90 banks and credit unions have agreed to let their customers send and receive funds through Zelle, a person-to-person payment network. It’s available now if you have a bank account with one of the biggest banks, including Capital One, Wells Fargo, Chase and Bank of America.

Reporting transactions of $10,000 and over: Threshold transaction reports (TTRs) A ‘threshold transaction’ is the transfer of physical currency of A$10,000 or more (or the foreign currency equivalent) as part of a designated service. A transfer can be either receiving or paying cash.