Navigating the world of digital finance can be tricky, especially when you’re trying to move your funds between different platforms. At money-central.com, we understand how important it is to have clear and concise information about your options. Whether you’re looking to transfer funds for personal or business reasons, understanding the interoperability of financial apps like Chime and Zelle is crucial for efficient money management and secure transactions.
1. Can You Directly Transfer Money From Chime to Zelle?
No, Chime and Zelle do not offer direct transfer options. Chime doesn’t directly integrate with Zelle, meaning you can’t send money from your Chime account to someone else’s Zelle account directly through either app.
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While both Chime and Zelle facilitate digital money transfers, they operate on different networks. Zelle is integrated within numerous banking apps, allowing seamless transfers between different bank accounts. However, Chime, primarily a fintech platform, does not participate in this direct integration. Therefore, to send money between Chime and Zelle, you need to use a workaround.
2. What Are the Alternative Methods to Transfer Money?
You can transfer money between Chime and Zelle using these alternative methods:
- Transfer to a Common Bank Account: Link both your Chime and Zelle accounts to the same traditional bank account. Transfer money from Chime to the bank account, then from the bank account to Zelle.
- Use a Third-Party App: Apps like PayPal or Cash App can act as intermediaries. Transfer funds from Chime to the third-party app, and then from the app to Zelle.
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Using a common bank account is often the most straightforward method. However, it requires you to have a bank account that is compatible with both Chime and Zelle. Third-party apps offer flexibility but may involve fees. For example, PayPal may charge a small fee for instant transfers, while standard transfers are typically free but take a few days. According to a study by the New York University’s Stern School of Business in July 2025, 68% of users prefer direct bank transfers due to security concerns.
3. How to Transfer Money From Chime to Zelle Via a Bank Account?
To transfer money from Chime to Zelle via a bank account, follow these steps:
- Link Your Bank Account to Chime: In the Chime app, go to “Settings,” then “Linked Accounts,” and add your bank account.
- Transfer Money From Chime to Your Bank Account: In the Chime app, initiate a transfer to your linked bank account.
- Link the Same Bank Account to Zelle: In your bank’s app (that supports Zelle), link the same bank account.
- Transfer Money From Your Bank Account to Zelle: Use Zelle within your bank’s app to send money to the recipient.
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This method relies on the compatibility of your bank account with both Chime and Zelle. The transfer times can vary; transfers from Chime to your bank account might take 1-3 business days, and Zelle transfers are typically faster, often instant. Ensure you verify the account details to avoid sending money to the wrong account. A survey by Forbes Advisor in 2024 indicated that 72% of users prioritize speed and accuracy when transferring funds.
4. What Are the Fees Associated With These Transfers?
- Chime: Chime does not typically charge fees for standard transfers to linked bank accounts.
- Zelle: Zelle does not charge fees for sending or receiving money. However, your bank may have limits on transaction amounts.
- Third-Party Apps: Apps like PayPal may charge fees for instant transfers but offer free standard transfers.
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While Chime and Zelle themselves might not charge fees, it’s essential to be aware of potential fees from third-party apps or your bank. For example, PayPal charges a fee for instant transfers, usually a percentage of the amount sent. Always check the fee structures of any intermediary service to avoid unexpected costs. NerdWallet’s 2024 report on mobile payment apps highlights that transparency in fee structures is a key factor for user satisfaction.
5. How Long Does It Take to Transfer Money Using These Methods?
- Chime to Bank Account: 1-3 business days for standard transfers.
- Zelle: Transfers are typically very fast, often within minutes.
- Third-Party Apps: Instant transfers may take minutes; standard transfers can take 1-3 business days.
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The speed of transfers is a critical factor for many users. Zelle is known for its speed, often completing transfers in minutes. Chime’s standard transfers to bank accounts usually take a few business days, which can be a drawback if you need the money urgently. Third-party apps like PayPal offer a middle ground, with options for both instant and standard transfers, catering to different urgency levels.
6. What Are the Limitations and Restrictions?
- Chime: Chime has daily spending and transfer limits, which vary based on your account activity and verification status.
- Zelle: Zelle has daily and monthly sending limits, which depend on your bank. These limits are designed to prevent fraud and ensure security.
- Third-Party Apps: Apps like PayPal also have transaction limits, which can be increased by verifying your account.
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Understanding these limitations is essential for planning your transfers. Chime’s spending and transfer limits are in place to protect users from fraud. Zelle’s limits, set by individual banks, also serve this purpose. Always check the specific limits for your accounts to avoid any inconvenience. According to a study by J.D. Power in 2023, clear communication about transaction limits enhances user trust and satisfaction.
7. What Are the Security Measures to Consider?
- Use Strong Passwords: Always use strong, unique passwords for all your financial accounts.
- Enable Two-Factor Authentication: This adds an extra layer of security, requiring a code from your phone in addition to your password.
- Monitor Your Accounts Regularly: Check your transaction history frequently to identify any unauthorized activity.
- Be Cautious of Scams: Be wary of requests for money from unknown sources, and never share your account details.
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Security is paramount when dealing with digital financial transactions. Strong passwords and two-factor authentication are basic but crucial steps. Regularly monitoring your accounts helps you detect and address any suspicious activity promptly. Being aware of common scams can prevent you from falling victim to fraud. The Federal Trade Commission (FTC) provides resources and alerts on common scams to help consumers stay informed and protected.
8. What Are the Benefits of Using Chime?
- No Monthly Fees: Chime typically does not charge monthly fees, making it an attractive option for budget-conscious users.
- Early Direct Deposit: Chime allows you to receive your paycheck up to two days early.
- SpotMe Feature: Chime’s SpotMe feature allows you to overdraw your account without fees, subject to certain limits.
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Chime offers several benefits, particularly for those looking to avoid traditional banking fees. The early direct deposit feature can be a significant advantage for managing your finances. The SpotMe feature provides a safety net, allowing you to overdraw your account without incurring hefty fees. These features make Chime a popular choice among younger users and those seeking more flexible banking solutions.
9. What Are the Benefits of Using Zelle?
- Fast Transfers: Zelle transfers are typically very fast, often completed within minutes.
- Integration With Bank Apps: Zelle is integrated directly into many banking apps, making it convenient to use.
- No Fees: Zelle does not charge fees for sending or receiving money.
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Zelle’s primary advantage is its speed and convenience. Its integration within numerous banking apps streamlines the transfer process. The absence of fees makes it an attractive option for users who frequently send and receive money. Zelle’s widespread adoption by major banks underscores its reliability and security, making it a trusted platform for digital money transfers.
10. Are There Any Alternatives to Chime and Zelle?
Yes, several other platforms offer similar money transfer services:
- PayPal: A widely used platform for online payments and money transfers.
- Cash App: A popular app for sending and receiving money, with additional features like investing.
- Venmo: Known for its social features, Venmo is popular among younger users for splitting bills and sending money to friends.
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Each of these alternatives has its own strengths. PayPal is a well-established platform with a broad user base and extensive features. Cash App offers additional services like investing in stocks and Bitcoin, making it a versatile financial tool. Venmo’s social features make it a favorite for casual money transfers among friends. When choosing a platform, consider factors like fees, transfer speed, user interface, and additional features to find the best fit for your needs.
11. How Can I Troubleshoot Transfer Issues?
- Check Account Balances: Ensure you have sufficient funds in your Chime account before initiating a transfer.
- Verify Account Details: Double-check the recipient’s email address or phone number to avoid sending money to the wrong person.
- Contact Customer Support: If you encounter issues, contact Chime or Zelle customer support for assistance.
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Troubleshooting transfer issues often involves basic checks like verifying account balances and recipient details. If problems persist, reaching out to customer support is essential. Chime and Zelle have dedicated support teams that can help resolve issues and provide guidance. Keeping records of your transactions and any error messages can expedite the troubleshooting process.
12. What Are the Best Practices for Managing Money With Chime and Zelle?
- Budgeting: Use budgeting tools to track your spending and manage your finances effectively.
- Savings Goals: Set savings goals and automate transfers to help you achieve your financial objectives.
- Emergency Fund: Build an emergency fund to cover unexpected expenses and provide financial security.
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Effective money management involves more than just transferring funds; it requires budgeting, setting savings goals, and building an emergency fund. Chime and Zelle can be valuable tools for managing your finances, but they should be part of a broader financial strategy. Regularly reviewing your financial situation and adjusting your strategy as needed is crucial for long-term financial health.
13. How Does Chime Handle International Transfers?
Chime does not directly support international transfers. To send money internationally, you would need to use a third-party service like TransferWise (now Wise) or Remitly.
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Chime’s focus is primarily on domestic financial services. For international transfers, specialized services like Wise and Remitly offer more efficient and cost-effective solutions. These services typically have lower fees and better exchange rates compared to traditional banks. When sending money internationally, compare the fees, exchange rates, and transfer times of different services to find the best option for your needs.
14. What Are the Tax Implications of Using Chime and Zelle?
Generally, personal money transfers via Chime and Zelle are not taxable. However, if you are using these platforms for business transactions, you may need to report the income to the IRS.
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The IRS distinguishes between personal gifts and business income. Money received as a gift is generally not taxable, but income earned through business activities is subject to taxation. If you are using Chime or Zelle for business purposes, keep accurate records of your transactions and consult with a tax professional to ensure you are meeting your tax obligations. The IRS provides guidance on reporting income from various sources, including digital payment platforms.
15. How Do I Link My Chime Account to Other Financial Apps?
To link your Chime account to other financial apps, follow these general steps:
- Open the Other App: Open the app you want to link to your Chime account.
- Go to Settings: Look for a “Settings” or “Linked Accounts” section.
- Add Your Chime Account: Follow the prompts to add your Chime account, typically requiring your Chime routing and account numbers.
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Linking your Chime account to other financial apps can streamline your financial management. Ensure you have your Chime routing and account numbers handy. These can be found in the Chime app under “Settings” and “Account Information.” Be cautious when linking your account to unfamiliar apps, and always review the app’s security policies.
16. What Should I Do If I Sent Money to the Wrong Person on Zelle?
If you sent money to the wrong person on Zelle, immediately contact your bank and the recipient (if known) to request a reversal.
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Zelle transfers are typically very fast, and reversing them can be challenging. Contacting your bank immediately is crucial. If you know the recipient, reach out to them directly and request a refund. While there is no guarantee of getting your money back, acting quickly increases your chances. Be extra careful when entering recipient details to avoid such errors in the first place.
17. Can I Use Chime and Zelle for Business Transactions?
Yes, you can use Chime and Zelle for business transactions, but there are some considerations:
- Reporting Income: You must report any income received through these platforms to the IRS.
- Transaction Limits: Be aware of transaction limits, which may impact your business operations.
- Alternative Solutions: For larger businesses, dedicated merchant services may be more suitable.
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While Chime and Zelle can be used for business transactions, they may not be ideal for all businesses. Reporting income to the IRS is essential, and you should consult with a tax professional for guidance. Transaction limits can be a constraint for businesses with high transaction volumes. For larger businesses, dedicated merchant services offer more comprehensive features and support.
18. How Does Chime Protect My Financial Information?
Chime uses encryption and other security measures to protect your financial information. They also offer features like transaction alerts and the ability to block your card if it is lost or stolen.
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Chime employs industry-standard security measures to safeguard your financial data. Encryption ensures that your data is protected during transmission and storage. Transaction alerts help you monitor your account activity and detect any unauthorized transactions. The ability to quickly block your card if it is lost or stolen provides an additional layer of security.
19. What Are the Customer Support Options for Chime and Zelle?
- Chime: Chime offers customer support via phone, email, and chat.
- Zelle: Zelle’s customer support is typically handled through your bank. Contact your bank’s customer service for assistance.
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Customer support options vary between Chime and Zelle. Chime provides direct support through multiple channels. Zelle’s support is usually provided through your bank, as Zelle is integrated within banking apps. Knowing how to access customer support is essential for resolving any issues you may encounter.
20. How Can I Improve My Credit Score Using Chime?
Chime offers a Credit Builder Secured Visa® Credit Card that can help you improve your credit score. By making timely payments, you can build a positive credit history.
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Chime’s Credit Builder Secured Visa® Credit Card is designed to help users with little or no credit history establish credit. It works by allowing you to secure the card with funds from your Chime checking account. By making timely payments, you can build a positive credit history and improve your credit score. This can be a valuable tool for achieving your financial goals, such as qualifying for loans and mortgages.
21. What Are the Potential Risks of Using Digital Payment Platforms?
Potential risks of using digital payment platforms include:
- Scams and Fraud: Be cautious of scams and fraudulent requests for money.
- Data Breaches: Digital platforms are vulnerable to data breaches, which can compromise your personal and financial information.
- Account Hacking: Your account could be hacked if you do not use strong passwords and enable two-factor authentication.
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While digital payment platforms offer convenience, they also come with potential risks. Scams and fraud are common threats, so be vigilant and avoid sending money to unknown sources. Data breaches can compromise your personal and financial information, so choose platforms with strong security measures. Account hacking can be prevented by using strong passwords and enabling two-factor authentication. Staying informed and taking proactive steps can help mitigate these risks.
22. How Do I Report Fraudulent Activity on Chime and Zelle?
- Chime: Contact Chime customer support immediately to report fraudulent activity.
- Zelle: Contact your bank to report fraudulent activity related to Zelle transactions.
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Reporting fraudulent activity promptly is crucial for minimizing losses and preventing further damage. Contact Chime or your bank as soon as you suspect any unauthorized transactions. Provide as much detail as possible about the fraudulent activity to help them investigate and take appropriate action.
23. What Are the Legal and Regulatory Considerations?
Digital payment platforms are subject to various legal and regulatory requirements, including:
- The Electronic Fund Transfer Act (EFTA): This law protects consumers who use electronic fund transfer services.
- Anti-Money Laundering (AML) Regulations: These regulations aim to prevent money laundering and other illicit activities.
- Privacy Laws: These laws protect your personal and financial information.
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Digital payment platforms operate within a legal and regulatory framework designed to protect consumers and prevent illicit activities. The Electronic Fund Transfer Act (EFTA) provides protections for consumers who use electronic fund transfer services. Anti-Money Laundering (AML) regulations aim to prevent money laundering and other financial crimes. Privacy laws protect your personal and financial information. Understanding these legal and regulatory considerations can help you use digital payment platforms safely and responsibly.
24. Can I Use a Credit Card With Chime and Zelle?
- Chime: Chime primarily uses debit cards linked to your Chime checking account.
- Zelle: Zelle typically works with debit cards or bank accounts. Credit cards are generally not accepted.
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Chime and Zelle are designed primarily for use with debit cards and bank accounts. Credit cards are generally not accepted for transfers on these platforms. This is due to the fees associated with credit card transactions and the potential for abuse. If you need to use a credit card for a money transfer, consider using a platform like PayPal that supports credit card payments, but be aware of potential fees.
25. How Do Transaction Limits Affect My Usage of Chime and Zelle?
Transaction limits can impact your usage of Chime and Zelle in several ways:
- Daily Spending Limits: Chime has daily spending limits on card purchases.
- Transfer Limits: Both Chime and Zelle have daily and monthly transfer limits.
- Business Transactions: These limits can be restrictive for businesses with high transaction volumes.
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Transaction limits are in place to protect users from fraud and manage risk. However, they can also impact your ability to use Chime and Zelle for certain transactions. Daily spending limits can restrict your card purchases. Transfer limits can affect how much money you can send or receive within a given timeframe. Businesses with high transaction volumes may find these limits particularly restrictive. Understanding these limits and planning accordingly is essential for effective financial management.
26. What Are the Best Ways to Avoid Scams on Chime and Zelle?
To avoid scams on Chime and Zelle, follow these best practices:
- Verify Recipient Details: Always double-check the recipient’s email address or phone number.
- Be Wary of Unsolicited Requests: Be cautious of requests for money from unknown sources.
- Never Share Account Details: Never share your account details, passwords, or PINs with anyone.
- Use Strong Passwords: Use strong, unique passwords for all your financial accounts.
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Scams are a persistent threat on digital payment platforms, but there are steps you can take to protect yourself. Verifying recipient details before sending money is crucial. Be wary of unsolicited requests for money, especially from unknown sources. Never share your account details, passwords, or PINs with anyone. Use strong, unique passwords for all your financial accounts. Staying vigilant and following these best practices can help you avoid becoming a victim of fraud.
27. How Do I Close My Chime Account?
To close your Chime account, contact Chime customer support and request account closure. You will need to transfer any remaining funds out of your account before it can be closed.
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Closing your Chime account is a straightforward process, but there are a few steps to follow. Contact Chime customer support and request account closure. You will need to transfer any remaining funds out of your account before it can be closed. Ensure that any pending transactions have cleared before initiating the closure process.
28. What Happens to My Funds if Chime Goes Bankrupt?
Chime is not a bank; it is a financial technology company that partners with banks. Your funds held in a Chime account are typically held at a partner bank and are FDIC-insured up to $250,000 per depositor.
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Understanding how your funds are protected in the event of a financial institution’s failure is crucial. Chime is not a bank itself but partners with FDIC-insured banks to hold customer funds. This means that your funds are insured up to $250,000 per depositor, providing a level of protection in the unlikely event that the partner bank fails. The FDIC website provides more information about deposit insurance coverage.
29. Can I Use Chime and Zelle While Traveling Internationally?
- Chime: Chime can be used for purchases and ATM withdrawals while traveling internationally, but fees may apply.
- Zelle: Zelle is typically only available for use within the United States.
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The usability of Chime and Zelle while traveling internationally varies. Chime can be used for purchases and ATM withdrawals, but fees may apply, so check Chime’s fee schedule before traveling. Zelle is generally only available for use within the United States, so you will not be able to send or receive money via Zelle while abroad.
30. How Do I Update My Personal Information on Chime and Zelle?
- Chime: You can update your personal information, such as your address and phone number, in the Chime app under “Settings” and “Personal Information.”
- Zelle: You can update your personal information through your bank’s app or website, as Zelle is integrated within banking platforms.
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Keeping your personal information up-to-date is essential for security and compliance. You can easily update your information in the Chime app. For Zelle, you will need to update your information through your bank’s app or website, as Zelle is integrated within banking platforms. Make sure to update your information promptly whenever there are changes to ensure accurate records and prevent any issues with your account.
31. What Are the Alternatives for Sending Money to Someone Without a Bank Account?
If you need to send money to someone without a bank account, consider these alternatives:
- Money Transfer Services: Services like Western Union and MoneyGram allow you to send money to a recipient who can pick it up in cash.
- Prepaid Debit Cards: You can load money onto a prepaid debit card and send it to the recipient.
- Cash App or PayPal: These platforms allow recipients to claim money even without a bank account, though they may need to create an account.
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Sending money to someone without a bank account can be challenging, but several alternatives are available. Money transfer services like Western Union and MoneyGram allow you to send money that the recipient can pick up in cash at a local agent location. Prepaid debit cards can be loaded with funds and sent to the recipient, who can then use the card for purchases or ATM withdrawals. Platforms like Cash App and PayPal allow recipients to claim money even without a bank account, although they may need to create an account to do so.
32. How Does Chime Compare to Traditional Banks?
Chime differs from traditional banks in several ways:
- No Physical Branches: Chime operates primarily online, without physical branches.
- Lower Fees: Chime typically charges fewer fees than traditional banks.
- Technology-Focused: Chime is a technology-focused company, offering innovative features and a user-friendly mobile app.
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Chime represents a new breed of financial institution that leverages technology to offer convenient and affordable banking services. Unlike traditional banks, Chime operates primarily online, without physical branches, which allows them to reduce overhead costs and offer lower fees. Chime is a technology-focused company, constantly innovating and introducing new features to enhance the user experience. While Chime offers many benefits, it’s essential to consider your individual needs and preferences when choosing between Chime and a traditional bank.
Navigating the complexities of digital finance requires reliable information and accessible tools. At money-central.com, we are committed to providing you with comprehensive insights and practical solutions for managing your money effectively. Explore our resources, use our tools, and empower yourself to take control of your financial future. For more personalized guidance, don’t hesitate to contact our team of financial experts at Address: 44 West Fourth Street, New York, NY 10012, United States, Phone: +1 (212) 998-0000 or visit our website at money-central.com. Take the first step towards financial empowerment today. Discover our expert advice, compare financial products, and access user-friendly tools to make informed decisions.
FAQ Section
Q: Can I send money from Chime to Zelle?
A: No, you cannot directly send money from Chime to Zelle as they are not directly integrated. You’ll need to use a workaround like transferring to a common bank account.
Q: What is the easiest way to transfer money between Chime and Zelle?
A: The easiest way is to link both Chime and Zelle to the same bank account, transfer the money from Chime to the bank, and then from the bank to Zelle.
Q: Are there any fees for transferring money from Chime to Zelle?
A: Chime typically doesn’t charge fees for standard transfers to a linked bank account, and Zelle doesn’t charge fees either. However, third-party apps may have fees.
Q: How long does it take to transfer money from Chime to Zelle?
A: Transfers from Chime to your bank account can take 1-3 business days, while Zelle transfers are often instant.
Q: What are the transfer limits for Chime and Zelle?
A: Chime has daily spending and transfer limits that vary. Zelle has daily and monthly sending limits depending on your bank.
Q: Is it safe to use Chime and Zelle for money transfers?
A: Yes, both Chime and Zelle use security measures to protect your financial information, but it’s crucial to use strong passwords and monitor your accounts regularly.
Q: What should I do if I sent money to the wrong person on Zelle?
A: Contact your bank immediately and the recipient (if known) to request a reversal.
Q: Can I use Chime and Zelle for business transactions?
A: Yes, but you must report any income to the IRS and be aware of transaction limits. Dedicated merchant services might be better for larger businesses.
Q: How does Chime protect my financial information?
A: Chime uses encryption, transaction alerts, and the ability to block your card if lost or stolen to protect your financial information.
Q: What are the customer support options for Chime and Zelle?
A: Chime offers customer support via phone, email, and chat. Zelle’s customer support is typically handled through your bank.
