Paying TNMRC Club Dues with Zelle
Monthly dues payment are due on the 1st of each month and considered late after the monthly club business meeting held on the first Thursday of the month. You may pay multiple months in advance using Zelle or any of the methods outlined below.
Setting Up Recurring Payments
Why Use Zelle & Is It Safe?
Our preferred method for dues payment is the direct bank account to bank account facility, Zelle. Zelle was developed by more than 30 major U.S. banks and has a standalone app that users can download to their smartphone. You may also use Zelle on a laptop or desktop computer by accessing your bank account and follow the directions to use Zelle (usually under the "Send Money" tab). The service is also integrated within the mobile banking apps of over 2,000 major participating banks, including Bank of America, Chase, Citi and Wells Fargo. Consumers who already have their bank's mobile app can start using Zelle right away.
Unlike Venmo, money transferred using Zelle moves directly from one bank account directly to another. Most banking transfers between accounts require account numbers to initiate transactions, and these transactions can take up to several business days. Zelle eliminates this need, allowing users to transfer funds from one checking account to another in a matter of seconds or minutes.
Compared with handling cash and sending bills or checks in the mail, Zelle could be considered a safer option for moving money quickly. Because the funds never sit in a third-party location, your money is always insured by the FDIC. And the company touts its security, because the idea is that your bank is already protecting your personal financial data.
One caveat to using Zelle is that you need to be sure you're sending funds to the correct recipient—and it's a person you trust. Because the money moves so quickly, if the person you send money to has a Zelle account, the transfer will be completed in minutes and thus cannot be canceled once it's sent. That means you'll want to double-check your transfers to ensure that you don't make a mistake and send the funds to the wrong person. Instructions follow:
Log into your bank account; select “Pay”
Add New Recipient
Select send money with Zelle
Add Recipient Information
Recurring Payment Setup