Zelle®: How to enroll, transfer fund and Transaction Limits

The Mobile payment application Zelle, allow account holder send money to, and receive money from, friends and family in a secure, fast and easy way to a bank account in the U.S

Zelle moves fund directly from one bank account to another typically in minutes when both sender and receiver are already enrolled with Zelle at their financial institution or in the Zelle app.

The Mobile app or online banking was developed by more than 30 major U.S. banks, and has a standalone app that users can download to their smartphone. It work perfectly with banks and credit unions to make it fast, free, and easy to send money to almost everyone you know, even if they bank somewhere different than you do.

Zelle is compatible with nearly all major banks, and most even have the service integrated into their mobile banking app. Before a User who downloads Zelle’s standalone app can access it, you will be required to provide a phone number or email and debit card information to be able to receive and send funds.

 

How to register or enroll for Zelle

If the recipient’s bank is a participating partner, the recipient simply needs to register for the service through their bank’s website or mobile app with an email address or phone number. Once registered, the recipient can accept the payment, though first-time users may have to wait up to three days to receive payment.

If the recipient’s bank is not a participating member, they can still receive the funds by downloading the Zelle mobile app, registering with an email or phone number, and entering a debit card to receive the funds.

 

How to Enroll for Zelle using Mobile App

1. Majority of banks in United states make use of zelle, so to get start you need to download the Zelle app for Android and iOS.

2. Enter your basic contact information, an email address and U.S. mobile number, and a Visa or Mastercard debit card with a U.S. based account

3. Follow the onscreen message to complete your registration.

Please note: international deposit accounts or any credit cards is not accepted.

How to Enroll for Zelle using Online banking

 

Zelle is already in over a thousand banking apps. Some banks let you enroll with the Zelle app using your online banking username and password. If your bank supports this feature, it’s an easy way to link your bank account.

You can make use of your online banking username and password to link your bank account to the Zelle app. After you’re enrolled, you’ll use your Zelle password to log into the Zelle app. You can also use Touch ID or Fingerprint to log in if your phone offers that feature.

How Does Zelle Work and transfer?

2.To initiate a transfer,You need the email address or phone number of the recipient . Zelle sends the recipient a text or email indicating there’s a payment waiting for them, along with a link to accept it.

2. Add or select your trusted recipient, enter the amount you want to send, and choose an account to fund your payment. Carefully review and validate the details of your payment before you send it. As most payments are sent in minutes between enrolled users, sending money with Zelle is much like exchanging cash with someone.

3. Recipient is notified. Your recipient will be notified by email or text message with the details of your payment and instructions on how to enroll to receive the money if they are not yet enrolled with Zelle at their financial institution or in the Zelle app.

4.Recipient enrolled. If your recipient’s email address or U.S. mobile phone number is not enrolled with Zelle, they’ll need to enroll to receive money. They will have fourteen (14) days to complete their one-time enrollment using the same email address or U.S. mobile phone number you used to send the payment.

5. Money is sent. Once your recipient has enrolled and linked their eligible account to their email or U.S. mobile phone number, the money is sent directly to the recipient’s account, and is available typically in minutes.

Please note: If your payment has been sent, it cannot be canceled unless the recipient has not yet enrolled. Zelle transactions are not covered by the same protections as credit card and debit card transactions.

 

Zelle Limit Per Day

If your bank doesn’t offer Zelle, your limit for sending money is $500 per week. If your bank does offer Zelle, you may be able to transfer larger amounts; contact your financial institution to find their spending limits. When it comes to receiving funds through Zelle, however, there are no limitations to how much you can accept.

Most Zelle users with a supported bank can send up to $1,000 per day and not more than $5,000 per month.

. Wells Fargo: daily transfer limit $2,500 while monthly limit is $20,000

. USAA: daily transfer limit $1,000 while monthly limit is $10,000

. U.S. Bank: Daily transfer limit $2,500 while Monthly limit $10,000

. PNC Bank: Daily transfer limit $1,000 while Monthly limit $5,000

. Citizens Bank: Daily transfer limit $1,000 while Monthly limit $5,000

. Citibank Citi Priority, Citigold and Citi Private Bank: Daily transfer limit $5,000 while Monthly limit $15,000

. Citibank Account, Basic Account and Access Account: Daily transfer limit $2,000 while Monthly limit $10,000

. Chase Business Checking or Chase Private Client : Daily transfer limit $5,000 while Monthly limit $40,000

. Chase Personal Checking: Daily transfer limit $2,000 while Monthly limit $16,000

. Bank of America: Daily transfer limit $2,500 while Monthly limit $20,000

. Ally Bank: Daily transfer limit $5,000 while Monthly limit $10,000

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