> but it's actually a government based system system which renders free transfers between bank accounts (your own or others) with a cap of 3 or 5k/month. Zelle

> but it's actually a government based system system which renders free transfers between bank accounts (your own or others) with a cap of 3 or 5k/month. Zelle is run by Early Warning Services [1], a joint venture between Bank of America, Truist, Capital One, JPMorgan Chase, PNC Bank, U.S. Bank, and Wells Fargo. It's most definitely not "government-based". [1] https://en.wikipedia.org/wiki/Zelle_(payment_service) https://en.wikipedia.org/wiki/Zelle_(payment_service)