NEW YORK– Zelle is reporting that at least 178 new financial institutions went live with or signed up to bring the money transfer service to their customers/members during Q4 2024 and Q1 2025. 

With the addition of these new banks and credit unions, there will be more than 2,300 financial institutions on the Zelle Network – 95% of which are community banks and credit unions, according to the company.

Combined, Zelle said the 178 new financial institutions represent at least another 7.5 million bank and credit union accounts in 38 states.

Key Data

In releasing its new sign-up data, Zelle also reported:

• In 2024, Zelle helped American consumers and small businesses send over $1 trillion – the most money ever sent by a person-to-person payments service in a single year. Zelle is available from financial institutions in all 50 states.
• Nearly 50% of Minority Depository Institution (MDI) banks are on the Zelle Network and Zelle said it  recently launched a program to help expand access to Zelle to more MDI credit unions.