Unlike Cash App, Venmo, and PayPal, Zelle is offered by top U.S. banks to their customers directly.
You don’t need to link your bank account to Zelle before it can work. It’s the easiest and most convenient way to send money from one bank to the other.
However, there are different daily and monthly limits on Zelle depending on your bank, and account status.
If you want to know the limit attached to your Zelle Sending and Receiving limits from your bank, you’re at the right place.
In this article, you’ll see the list of top U.S. banks with their Zelle limit.
But before we get to that,
What Is Zelle?
Zelle mobile payment app is a convenient, fast, and easy way to send and receive money from people you know, family & friends, and small business owners who have a U.S bank account.
Typically, it works with almost all US banks.
Zelle transfers are quick. Within a few minutes of the transaction, the recipient will get the money, especially when both parties have an account with Zelle.
What Are The Top Bank Limits on Zelle?
As I said earlier, all the banks have their own daily and monthly limit when it comes to Zelle.
In the list below, are some top banks in the US and their limit.
- Wells Fargo
Daily Limit: up to $3,500
Monthly Limit: up to $20,000
- Bank of America
Daily Limit: For individual accounts, up to $3,500. For small business accounts, up to $15,000
Monthly Limit: For individual accounts, up to $20,000. For small business accounts, up to $60,000
Daily Limit: For personal checking accounts, up to $2,000. For private clients and Checking business accounts, up to $5,000
Monthly Limit: For Personal Checking accounts, up to $16,000. For private clients and business Checking accounts, up to $40,000
- Capital One
Daily Limit: up to $2,500
Monthly Limit: up to $10,000. Though it varies from time to time
- TD Bank
Daily Limit: For instant transfers, up to $1,000. For 1-3 days transfers, up to $2,500.
Monthly Limit: For instant transfers, up to $5,000. For 1-3 days transfer, up to $10,000
Daily Limit: up to $2,000
Monthly Limit: up to $10,000, rolling
Daily Limit: For new accounts barely 90 days, up to $500. For existing accounts, up to $2,500.
Monthly Limit: For new accounts barely 90 days, up to $2,500. For existing accounts, up to $15,000
Daily Limit: up to $500
Monthly Limit: up to $10,000
- Charles Schwab
Daily Limit: up to $2,500
Monthly Limit: up to $5,500
- PNC Bank
Daily Limit: up to $1,000
Monthly Limit: up to $5,000
- U.S. Bank
Daily Limit: it varies, around $1,500 – $2,500.
Monthly Limit: it varies, around $5,000 – $10,000.
Note: we provided the current bank limit on Zelle. However, depending on your bank and account status, limits may increase or decrease at any time.
How To Send Money Through Zelle
Before you can use Zelle, you need to, first of all, understand how the mobile app works.
Follow these steps to send funds using Zelle.
- Select either your friend, family member, or small business owner, to whom you’re sending money.
- Enter the recipient’s email address or phone number.
- Choose your payment amount, depending on your bank limit.
- If the recipient already has an account with Zelle, the money will be credited within a few minutes. If not, you’ll get mail, with steps to create an account.
What is The Largest Amount You Can Transfer With Zelle?
Some users might want to know if there is a limit attached to the amount of money you can send on Zelle.
How much you can send or receive with Zelle depends on your bank limit.
Some banks like Wells Fargo, and Bank of America, offer about $3,500 sending daily limit, and up to $20,000 and $15,000 monthly limit respectively.
However, if your bank is yet to support Zelle, your sending limit will be very low.
You can only send as little as $500 per week using the Zelle App.
Note: there is no option to increase or decrease your Zelle sending limit. It’s not possible.
What Are Zelle Fees?
You might be wondering what could be the fee for using Zelle.
There’s no fee attached to Zelle while sending and receiving money, either for a personal or business account.
It’s advisable to reach out to your bank, to know if they charge a fee.
Other Zelle Alternatives Payment Options
In a situation whereby you’ve reached your bank daily or monthly limit on Zelle, you can use other payment methods to cover your bills.
There are several ways to pay for purchases or someone without using Zelle, they are.
- Payment Services: Zelle is not the only mobile payment service in the US. There are a good number of payment apps to use like Cash App, PayPal, or Venmo. The difference is, some of the apps I mentioned have an imposed fee per transaction, unlike Zelle which is free. Again, you must have an existing account, verify, and link your bank account, and credit or debit card before you can use them.
- Contactless Payment: specifically, if you want to pay for purchases with Zelle but run out of limit, you can pay using any of the digital wallets such as Google Pay, Apple Pay, and Samsung Pay.
- Use a Personal Check: this method is a huge alternative if you’re sending a big sum of money at once. Though the introduction of contactless payment and mobile money transaction apps is gradually eliminating Personal Checks. Regardless, it’s still a good way of sending money between people you know.
- Payment Retailer: another way of sending a huge amount of money at once is through payment retailers. You can visit any authorized Ria, Western Union, and MoneyGram location, to send money using your debit card or cash.
Can You Send $10,000 Through Zelle?
You can send up to $10,000 in a month with Zelle.
But it all depends on your bank and account status, it might increase or decrease.
To be sure if you can transact such an amount, contact your bank.
Can You Send $5,000 Through Zelle?
If your bank supports Zelle, you can send up to $5,000 in a month. If not, you can only send as little as $500 per week using the Zelle app.
Can Businesses Use Zelle?
Having different payment methods for your business is a sure way of making more sales.
As a small business owner, you can have a business account with Zelle.
It’s fast to send and receive money with a business account. It arrives within a few minutes.
It’s easy, with your Zelle business account number and email address, customers can easily pay directly using their Zelle app.
How Long Does It Take To Receive Zelle Payment?
Hence you’re enrolled with Zelle, your money gets to you within a few minutes.
However, if it exceeds 3 days, then you’ve to confirm if there is a mistake in the information you provided such as the Phone number, and email address.
How Do I Increase My Zelle Limit?
You can’t increase or decrease your Zelle sending limit.
If you’re sending money directly with your app, you can only send a maximum amount of $500 in a week. But if your bank accepts Zelle, you can send up to $3,500 daily and up to $20,000 monthly.
What is the Zelle Sending Limit For 30 Days at Bank of America?
Bank of America Offers a high sending limit on Zelle.
For a personal account, you can send up to $20,000 in a month. For a small business account, you can send up to $60,000 in 30 days.
Can You Send Money From Zelle to Cash App?
You can’t send funds directly from Zelle to Cash App and vice versa.
But you can do that by linking the same bank account to both apps.
Read this Article to understand how Zelle and Cash App work.
Can I Use Zelle Without a Bank Account?
Yes, it’s possible.
Using Zelle without a bank account is 100% possible.
To get started, all you need is to link a MasterCard or Visa debit card to Zelle. After that, you can use it to send and receive money between family and friends.
But the limit it comes with is not encouraging. You can’t send more than $500 in a week.
As you’ve seen, bank limits on Zelle vary.
What you get from Chase differs from what Wells Fargo offers, same with other banks.
Therefore to know the actual sending limit, contact your bank.