Zelle® is coming!
As a M&F Bank customer, you will soon be able to send and receive money with friends, family and those you know and trust directly from the M&F Bank app with Zelle®. Beginning April 7, 2022, look for communications from us with more information on how you can enroll and start sending money with Zelle®.
As a reminder, M&F Bank will never call, text, or email you and ask for your passcode, account number or SSN. If you have questions or need assistance, email us at firstname.lastname@example.org or contact your local branch.
1. What is Zelle®?
2. How do I use Zelle®?
To send money using Zelle®, simply select someone from your mobile device’s contacts (or add a trusted recipient’s email address or U.S. mobile phone number), add the amount you’d like to send and an optional note, review, then hit “Send.” In most cases, the money is available to your recipient in minutes1.
To request money using Zelle®, choose “Request,” select the individual from whom you’d like to request money, enter the amount you’d like, include an optional note, review and hit “Request”. If the person you are requesting money from is not yet enrolled with Zelle®, you must use their email address to request money. If the person has enrolled their U.S. mobile number, then you can send the request using their mobile phone number.
To receive money, just share your enrolled email address or U.S. mobile phone number with a friend and ask them to send you money with Zelle®. If you have already enrolled with Zelle®, you do not need to take any further action. The money will be sent directly into your M&F Bank account, typically within minutes1.
3. How does Zelle® work?
4. Who can I send money to with Zelle®?
5. Are there any fees to send money using Zelle®?
6. How long does it take to receive money with Zelle®?
1 U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes and generally do not incur transaction fees.
2 In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle®.
Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.