What Is The Zelle Transfer Limit?
The Zelle transfer limit is around $1,000 per day and a minimum of $5,000 per month – this article details this further by the bank. It has never been easier to send money without giving cash to someone or writing a check. But with the increasing popularity of mobile payment apps in recent years, you literally don’t have to go to the ATM or mail a check.
What is Zelle?
Zelle may be a Peer to peer (P2P) mobile payment app that allows individuals to electronically send and receive money to and from their bank accounts using their mobile devices. The platform that only operates within us requires consumers to sign up on the Zelle network. Zelle is a P2P payment platform that enables consumers to send and receive money on their bank accounts in real time, without having to go to an ATM or write a check. All you would like is your mobile device and the recipient’s U.S mobile phone number.
So how much can you Transfer/Send Through Zelle?
Accepted by many major US banks, Zelle enables you to send money to your recipient’s bank account in minutes. However, there’s a lot of confusion on how much you’ll send through Zelle. this is because banks leave different daily and monthly Zelle limits.
If you need to send money to a family member, friend, or business associate, it would be knowing to confirm your bank’s Zelle limit.
Zelle Transfer Limits at Top U.S. Banks
So without further ado, let’s look at some of Zelle’s limitations below.
Bank of America
One of the major banks supporting Zelle, Bank of America offers a $ 2,500 limit with $ 10 transfers per day. Through the bank’s Mobile Banking app or Online Banking, you’ll transfer money to other Zelle users absolutely for free as long as you’ve got their U.S. mobile number or email address.
You can also transfer a limit of $ 10,000 within 7 days within a total of 30 transfers. For a month, the bank allows a limit of $ 20,000 within 30 days, with a total of 60 transfers.
Like most banks that accept Zelle, Wells Fargo doesn’t allow you to transfer in excess of their stipulated limits. However, the amount can still vary depending on a number of things like the type of your funding account, and the transaction history of your recipient.
Transferring to an established recipient from your Wells Fargo through Zelle can be up to a daily limit of $2,500 and a complete of $20,000 per month. If you are, on the other hand, sending money from Wells Fargo to a new recipient via Wells Fargo, you can transfer up to $ 4,000 per month.
The limit of cash you’ll transfer from your Citibank checking account to other users through the Zelle app varies depending on the type of your checking account, also as your deposit history.
If you’ve been a Citi customer for more than 90 days, you’ll transfer a daily limit of up to $2,000 and a monthly limit of $10,000 if you hold Citibank Account, Basic Account, and Access Account. On the contrary, your Zelle App limit transfer is set at $5,000 daily and $15,000 monthly if you hold accounts like Citi Priority, Citigold, and Citi Private Bank.
If you are with the city for less than 90 days, your limits are slightly lower. you’ll transfer up to $1,000 daily and $5,000 monthly for any type of checking account.
While USAA allows you to make up to three payments per day, your transaction cannot exceed 21 transactions every week. That being said, your limit is setting a daily rolling limit of up to $ 1,000 and a weekly limit of up to $ 2,500.
The Zelle Transfer Limit for Citizen’s Bank is a daily limit of up to $1,000 and a monthly limit of up to $5,000 if you hold a checking account at Citizen’s Bank.