Zelle transfer limit has been put in place to make your day-to-day transactions safer and more convenient.
There is not doubt that app-based online money transfers such as transferring funds from Zelle to PayPal have made it much easier to split dinner bills or help a friend in emergency.
In fact, Zelle is just one good option that comes to mind. Alternatives like using Cash App to withdraw money or send it to other accounts, exist and are available at all times for its users.
There is one thing though that you need to keep in mind.
So if you have not been aware of this before, we are here to talk about all the limits that apply to Zelle transactions so you can be a step ahead when making payments and not be taken by a surprise when you reach the limit.
(We are skipping straight to Zelle transfer limits here. However, if you are new and want to know more about Zelle App and its features, scroll down to go through our second-last section)
Daily and Monthly Zelle Transfer Limit At Different Banks
The amount of funds you can send via Zelle depends on which bank you are using. Each major bank that offers Zelle does not carry the same daily or weekly limit.
Before we get down to discussing that, here is another important question that needs to be addressed:
- What if your bank does not offer Zelle?
Obviously, you can still use Zelle to send funds but in this case the limit is greatly reduced. You can only send $500 in a week but with associated bank, you can transfer larger amounts.
Zelle daily limit depends on bank but its bracket is up to $500 to $2500.
Zelle monthly limit bracket is $10000 to $50000, up to the options of different banks.
Following is the list of top banks in the US and insight into their daily and monthly limits. Take a look!
|Bank||Daily Limits||Monthly Limits|
|Ally Bank||Up to $500||Up to $10,000|
|Bank of America||Up to $2,500||Up to $20,000|
|Capital One||Up to $2,000||Up to $10,000|
|Chase Business Checking Account||Up to $5,000||Up to $40,000|
|Chase Personal Checking Account||Up to $2,000||Up to $16,000|
|Citibank Basic or Access Account||Up to $1,000||Up to $5,000|
|Citibank Priority or Citigold Account||Up to $1,000||Up to $5,000|
|Citizens Bank||Up to $1,000||Up to $5,000|
|Discover||Up to $600||N/A|
|PNC Bank||Up to $1,000||Up to $5,000|
|TD Bank (Instant)||Up to $1,000||Up to $5,000|
|TD Bank (Standard)||Up to $2,500||Up to $10,000|
|US Bank||$1,500 to $2,500||$5,000 to $10,000|
|USAA||Up to $1,000||Up tp $10,000|
|Wells Fargo||Up to $2,500||Up to $4,000|
Are These Limits Sufficient To Use?
The purpose of Zelle transfer limits is to protect you against frauds. But, how?
Look at it this way: An unknown person get access to your account and manages to extract money from there. Since there is a limit on how much you can transfer via Zelle, he won’t be able to leave your account completely empty.
However, whether these limits are sufficient for your daily, weekly, or monthly depends on how much you are employing Zelle for everyday transactions.
Hit Zelle Transfer Limit? Here Are The Alternatives You Can Try To Pay Instead
It is okay if Zelle limits are not enough for you and you find yourself hitting it every week or month. Although there is little you can do to increase the transfer limit, other alternatives are possible and they work just as efficiently. Take a look!
Find Another Online Payment Service
Zelle is NOT the end of the world!
You can benefit from many other instant transfer methods or make use of apps like Venmo, Cash App, and PayPal that, more or less, offer the same features.
All of these applications are mobile-based and very easy to set up. Some may take a couple of days to complete the transfer while others are instant.
Below we have compared the fees, payment limits, and compatible platforms for a few leading mobile money transfer apps.
|Mobile App||Transfer limits||Fee to send money||Fee to receive money||Available OS|
|Zelle||Depends on the bank.||FREE||FREE||Depends on the bank.|
|PayPal||$10,000 per transfer||FREE||FREE||Website, Android, iOS|
|Cash App||$250 per week||FREE||FREE||Website, Android, iOS|
|Venmo||$2,999.00 per week(1)||FREE(2)||FREE||Website, Android, iOS|
|PopMoney||Variable(3)||$0.95||FREE||Website, Android, iOS|
- The transfer limit for Venmo is set at rolling week period. Read more about Venmo transfer limits Here.
- Venmo transfers are free unless you are using a credit card. In that case, you will be charged 3% of the total amount.
- PopMoney debit card limit is $500 per day and $1,000 per month. PopMoney bank account limit is $2,000 per day and $5,000 per month
Rely on Checks Instead
Why should we forget the conventional means of transferring money via checks? It is reliable, safe, and a quick method to get it done.
Now many mobile apps offer e-checks so you can deposit a check without having to visit the bank physically.
Choose To Pay With Cash
Payments in cash are still viable solutions if you don’t need to make a large transfer. You can safely carry that cash with you to the bank or the recipient.
This is also convenient when you cant wait for the online transfers to complete.
You can withdraw cash from a nearby ATM but you have to keep the withdrawal limits in mind. You can then deposit the cash to the recipient’s bank account.
Last Strategy: Just Wait!
Not satisfied with any of the alternatives that we have mentioned above?
Well, the last thing you can try is to wait.
Once the Zelle transfer limit period is over, it will be renewed and you can make transactions again.
This is the slowest strategy but it can get the payments done especially if you are dealing with a large amount that you don’t wish to transfer via check or cash.
For The Newbies: What Is Zelle App and How Does It Work
Zelle is a stand-alone payment application supported by almost all the leadings banks in the US. Since it is directly linked to the bank accounts and offers impeccable transfer speeds with low costs, Zelle has become one of the most frequently used money transfer app in the US.
The payment process here is quite simple.
- Activate Zelle app. You can see if your bank account supports it or not.
- Provide the account information of the recipient such as email ID or phone number.
- Enter the amount of money that you wish to transfer.
- Press send.
Hopefully, the recipient will get the funds within a couple of days. Recipient of the funds will get an email confirmation if they have enrolled their Zelle account.
- But, what makes Zelle so special?
First of all, it does not carry any fees. You can send and receive money without any charges. The only restriction is that credit cards are not accepted. Therefore, you have to work with reloadable debit cards, or bank accounts.
Moreover, Zelle guarantees instant money transfers to enrolled accounts. For recipient who have not yet enrolled Zelle, funds exchange may take up to 3 days.
Is Zelle Safe To Use?
Zelle safety features are nothing as compared to some other leading apps, like PayPal, so we would not want to give you false hopes.
However, it can still be considered a safer option as compared to moving cash in pocket or through other unreliable means.
Since Zelle is mostly used with an associated bank account, it means your financial data is already secured and the amount you send via the app will be insured.
Nonetheless, there are a few points that you need to keep in mind when sending or receiving funds on Zelle.
- Make sure you are sending the funds to the right recipient. It is difficult to cancel once the payment has been made.
- Double-check the transfer amount before hitting the Send button.
- When paying online for purchase of goods, make sure you receive the product before you send the money.
These precautions are necessary because the transfers made via Zelle are not easy to reverse. If you fall victim to a scam or do not receive an item that you have paid for there may not be any way to get the funds back through Zelle.
Moreover, if you are account is hacked or any money transfer occurs without your authorization then you would have to contact the bank to see if they are willing to deal with the fraud. Zelle might only offer little assistance in this case.
Zelle allows you to send money quickly with $0 additional costs, which is not the case with other P2P apps. If you learn to use it responsibly, you can avoid fraud and scams.
Moreover, it is important to be aware of the transfer limits set by Zelle. This would help you shop within the boundaries and stay free of any unwelcomed surprises when making transfer via Zelle.
We hope that the article has covered all the necessary details that you wished to find through this article. Mention your queries in the comment section below so we can get back to you as quickly as possible.
Frequently Asked Questions About Zelle Transfer Limit
Is Zelle a good app for money transfer?
Zelle is good option if you want to transfer money quickly and without any additional costs. In fact, no-cost feature is the biggest advantage that Zelle has over other peer-to-peer transfer apps.
However, you must use it responsibly in order to avoid any inconvenience. It is best to send funds to familiar accounts as well and only purchase from reputable brands who guarantee refund in case the delivery is not made as promised.
Is there a limit on how much I can send through my Zelle account?
Although there is limit on how much you can send through Zelle to any bank account, the exact figure greatly varies from one bank to another.
On the other, if your current bank account or credit union does not support Zelle then your weekly sending limit would just be $500. It is not possible to increase or decrease this transfer limit unless you open another account that support Zelle transactions.
Can you cancel Zelle payment that is in progress?
Yes, you can cancel some of the payments made through Zelle but not all. For example, payments that are pending to a user who has not yet enrolled with Zelle can be cancelled at any times.
You can find such information on Zelle’s activity page in your official account.
What is the limit on Zelle for Wells Fargo account?
Zelle app has limit for Wells Fargo account. It is set at $1,000 a week and $5,000 in a month. You can not exceed these transaction limits when using Zelle to send or receive money from a Wells Fargo bank account.
These limits may vary if you are using some other bank.
Is there a limit on the amount that I can send on Zelle Bank of America?
Yes, Zelle Bank of America does have transfer limits. You are allowed to send up to $2,500 in a day and $20,000 in a month.