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Tuesday, April 23, 2024

Zelle limits at top banks - Yahoo Finance

Zelle is a mobile payment application that enables you to send money electronically from your bank account to the accounts of family members or friends. The benefits of Zelle include that the money can appear in the recipient’s account almost instantly, and you don’t need to bother handling cash or writing a check.

While Zelle is commonly used for purposes like friends splitting a check in a restaurant, it can also be used for sending people larger amounts of money — although banks do impose daily and monthly limits. Here we’ll go over what the Zelle transfer limits are at various banks.

Zelle transfer limits by bank

Below are the Zelle transfer limits various banks impose on personal customers. If your financial institution doesn’t offer Zelle, your weekly send limit is $500 when using the Zelle app.

...

Bank

Daily Zelle transfer limit

Monthly Zelle transfer limit

Ally

Instant transfers: $2,000Scheduled transfers (up to 3 business days): $5,000

$10,000

Bank of America

$3,500

$20,000

Capital One

$2,500

Not disclosed

Chase

$5,000 per transaction

Not disclosed

Citibank: Citibank Account, Basic Account, Access Account

$2,500

$15,000

Discover Bank

$600

Not disclosed

Quontic Bank

Per transaction: $500Per day: $1,000

Not disclosed

TD Bank

Instant transfers: $1,000Scheduled transfers (up to 3 business days): $2,500

Instant transfers: $5,000Scheduled transfers (up to 3 business days): $10,000

Truist Bank

$2,000

$10,000

USAA Federal Savings Bank

$1,000

$10,000



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