What is the Daily Limit on Zelle?

Ever heard about the Zelle transfer limit? Zelle is a popular way to send money to friends or small businesses through your bank’s online or mobile banking.

zelle transfer limit

With over 2,100 participating banks and credit unions, it’s widely accessible and usually free to use.

However, there are limits on how much you can send. These limits vary depending on your bank, so it’s worth checking what they are before sending a large sum.

What are Zelle Transfer Limits By Bank?

If your bank provides Zelle, here are the transfer limits for personal customers. However, if your bank doesn’t offer Zelle, your weekly sending limit through the Zelle app is $500.

BankDaily Zelle transfer limitMonthly Zelle transfer limit
AllyInstant transfers: $2,000 Scheduled transfers (up to 3 business days): $5,000$10,000
Bank of America$3,500$20,000
Capital One$2,500Not disclosed
Chase$500-$10,000 for each transaction, as dynamically determined by ChaseNot disclosed
Citibank: Citibank Account, Basic Account, Access Account$2,500 for enrollments established more than 30 days ago$15,000 for enrollments established more than 30 days ago
Discover Bank$600Not disclosed
Quontic BankPer transaction: $500Per day: $1,000Not disclosed
TD BankInstant transfers: $1,000 Scheduled transfers (up to 3 business days): $2,500Instant transfers: $5,000 Scheduled transfers (up to 3 business days): $10,000
Truist Bank$2,000$10,000
USAA Federal Savings Bank$1,000$10,000
Wells Fargo$3,500$20,000

How Do Banks Set Zelle Transfer Limits?

Banks usually set Zelle transfer limits for daily, monthly, and sometimes weekly transactions, with limits also applied per individual transaction. 

They may offer both instant and standard transfer options, with higher limits often available for standard transfers. 

Some banks determine transfer limits based on a customer’s account and online banking history. 

To check your specific transfer limit, banks like BMO, PNC Bank, U.S. Bank, and Varo Bank advise logging into their app or website.

What are the Other Options Besides Zelle?

Besides Zelle, other apps like Venmo and Cash App allow you to send money to friends. 

While Zelle transfers are usually free, these other apps may charge for instant transfers.

With Venmo, instant transfers reach the recipient in about 30 minutes, but there’s a fee of 1.75 percent per transfer. Standard transfers take one to three days and are free.

Cash App also offers instant transfers with fees ranging from 0.5 percent to 1.75 percent. 

They reach the recipient instantly to a linked debit card. Standard transfers are free and take one to three days.

How Does Zelle Work?

Unlike Cash App, Google Pay, Venmo, and other competitors, Zelle works by moving money directly from one bank account to another.

There is no escrow or intermediary period where the money is held by Zelle. Instead, money moves directly from your bank account to your recipients in as little as a few seconds.

If your recipient isn’t a Zelle user, you can send money using their email or phone number. Zelle will prompt them to visit their bank’s app or download the Zelle app to receive their money.

Zelle is free to use and doesn’t charge any fees for its service. However, because Zelle works with hundreds of banks it is always best to double-check with your bank to make sure there won’t be any withdrawal or transfer fees charged to your account by your bank, specifically.

How to Send Money Through Zelle

Sending money with Zelle can be done in just a few steps, either through your bank’s mobile app, the web, or the Zelle mobile app for Android and iOS:

1. Set up your account: Log in to your current bank’s online system and register your email address or phone number to establish a connection with your bank account.

2. Send your payment: Choose your recipient, the amount you’re transferring, and your funding bank account. Review your information and send it.

3. Zelle notifies your recipient: Your recipient receives an email or text with instructions on how to receive the transfer. If your recipient is not registered with Zelle, they’ll be prompted with a one-time setup.

4. Zelle deposits your money: Your transfer is deposited into your recipient’s bank account, typically in minutes.

Is there a Fee for Zelle?

No, Zelle does not levy any fees for sending or receiving money.

However, it’s essential to check with your bank or credit union to determine if they apply any fees related to Zelle transactions.

While many financial institutions offer Zelle payments to their customers at no additional cost, some may have specific policies or fees associated with using the service.

Is Using Zelle a Good Option?

Overall, if you need to transfer money quickly, Zelle is a good, no-cost option that works almost instantly.

Unlike other P2P transfer apps, Zelle does not charge fees, and easily moves money between banks, making it one of the better options for immediate transfers.

Though it may be a quick and easy option, users need to remember to use it responsibly, making sure to confirm they’re sending funds to people they know and trust.

If you are going to use Zelle to pay for goods and services provided by someone you haven’t met, make sure they are reputable before transferring money, as this is one of the major areas of loss while using money-transfer apps.

Zelle is an easy way to send money from your bank account directly to the bank account of a friend or loved one.

However, things get a bit more complicated when you bank at an unsupported bank and have to register your account using a debit card.

Using Zelle to send money to friends and family is usually faster and more convenient than using cash, checks, or wire transfers. 

If you anticipate sending large sums or using Zelle regularly, it’s crucial to be aware of your bank’s daily and monthly limits, as well as transaction limits.

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