What is the Zelle transfer limit? You have to ask an important question before opening a Zelle account, and the transfer limits for different banks vary.
Sending money to anyone has ended up being easy since the introduction of Zelle, and no one has to continue moving about with cash in their pocket or wallet. Instead of writing a check to make a payment, you can easily use your Zelle account as it is reliable, fast, and easy to operate.
Like other financial tools we have talked about in different posts, the Zelle account comes with its limits. However, some banks possess a one thousand dollars daily transfer limit and a five thousand dollars monthly transfer limit.
Therefore, you must have explicit knowledge of the Zelle account transfer limit before going ahead to sign up. In addition, you must know what its daily and monthly limits are.
If you are new to the word ZELLE, you might be wondering what it is. It is one of the best peer-to-peer mobile means of payment available today, and anyone using Zelle will be able to send and receive money using this mobile application.
The process of sending and receiving money with this mobile application is straightforward. In addition, you can easily connect your bank to your Zelle account when you are done opening a Zelle account.
This will enable you to make a payment through your mobile device, and the only information you will be required to provide to make a payment is the recipient’s phone number. Interestingly, so many banks in the United States Of America accept the Zelle account with its accessible mode of payment.
This means sending and receiving money can be done in a matter of seconds. The only thing that might be confusing is finding out about its transfer limit.
This is because no universal limit is set when using the Zelle account, and different banks have set different daily and monthly limits for anyone using the Zelle account.
What Is The Zelle Transfer Limit
Bank Of America
One of the biggest supporters of Zelle is the Bank Of America, and anyone using Zelle can be allowed to make a transaction worth 2500 dollars daily.
However, you cannot make more than ten transactions daily, and you can also use the Bank Of America if you have an account with them to send money to someone using the Zelle account.
There are no payments when you use the Bank Of America’s official platform, and it has a 20,000 monthly limit.
Chase Bank
The Chase bank is also similar in operation with the Bank Of America to not enforce a limit on Zelle account users. Still, the type of account you have with Chase bank will determine your daily and monthly Zelle transfer limits.
However, Chase bank seems better than the Bank Of America regarding its laws with Zelle account users is Chase bank doesn’t place a limit on the number of transfers a Zelle user can make daily.
Wells Fargo
The Wells Fargo bank has a different approach with Zelle account users, and the type of account a user has doesn’t transfer his transfer limits.
The age of the recipient’s account determines what a person’s daily and monthly transfer limits are, and the Wells Fargo bank can allow up to 4000 dollars transfer if the person has a new account. On the other hand, having a well-established account allows you to make a 2500 dollar transfer daily.
Citibank
The type of account and the age on the account will determine the Zelle transfer limit for anyone using a Citibank. For example, there is a 2000 dollars transfer limit for anyone operating a ninety days old account, and this sort of account allows you to transfer up to 10,000 dollars monthly.
Conclusion – What Is The Zelle Transfer Limit
You shouldn’t be worried if your bank doesn’t support Zelle, as you can still make transactions with the Zelle account. The only added clause is there is a fixed weekly sending amount of five hundred dollars.
Related Posts
How To Activate Visa Gift Card
[…] What Is The Zelle Transfer Limit […]