Forget Venmo. Here’s how to instantly send money directly to other’s bank accounts using Zelle Pay.

If you’re under 30, there’s a very good chance you use Venmo to pay your friends and family. Venmo, like Paypal requires you to set up an account with a corresponding credit card, debit card or bank account. It helps you send money, with fees if you use credit cards, and money can be withdrawn in 24-48 hours directly to your bank account. It’s pretty revolutionary, but its time has come because there’s something even faster, Zelle.

If you use Bank of America, Wells Fargo, Capitol One, Chase, Citibank, Morgan Stanley or one of these 30 institutions as your bank, there’s a far superior option to Venmo and it’s called Zelle Pay.

Zelle Pay is native to the institutions it has partnered with. For example, in my case, I use Wells Fargo. I sent money to a friend who uses Chase simply by typing in his name and phone number. An email could also be used, but some people have multiple email accounts, so I figured the most direct way would be to use a cell phone number. After verifying that I wanted to send money using secondary authorization (Wells Fargo sent me a code over text), my friend got a text notifying them that money had been sent to their account. Literally within a minute, he checked his account and saw a pending deposit, on a weekend no less. No secondary account was needed (like PayPal or Venmo) and the money transferred instantly.

Zelle or Wells Fargo did not charge me a transfer fee since the money I used came directly from my checking account. As of right now, Zelle isn’t compatible with credit cards which is a downside for some who prefer that method of payment.

Some banks auto-enroll you into Zelle with standard accounts, so if yours doesn’t, it takes only minutes to set up.

How to set up Zelle Pay

1. Check to see if your US bank is apart of the affiliated network here
2. Enroll using a phone number and/or email address with your specific bank online or through an app

You can use the Zelle Pay app for iOS or Android in the links below if you don’t want to set it up through your bank.

Once you’re done, you can send money instantly without the hassle that intermediary solutions like PayPal and Venmo offer.