Last Updated on July 1, 2024 by admin
Do you want to learn more about Bank of America Zelle Limit or you want to know how you can receive and send money with Zelle? This guide will cover everything you need to know and how it works.
In this post, you will learn why there is a hold on my zelle transaction, how to send and receive money with zelle and limits and many more about Bank of America Zelle.
Get set up so you’re ready to receive and send money with Zelle®. All you need to do is enroll with your U.S. mobile number or email address. Once done you can start to receive and send money directly between eligible bank accounts in the U.S. Please note that only U.S. mobile numbers are eligible. Voice over IP (VOIP), landlines and Google voice numbers are not eligible for Zelle enrollment.
Read: How to register for Bank of America Internet banking, Online and Mobile app
What is Zelle with Bank of America
Zelle is a fast, safe and easy way to send and receive money directly to their bank account right from yours with friends, family or others in minutes between domestic bank accounts at U.S. financial institutions. Using just their U.S. mobile number or email address there are no fees using the Bank of America Mobile Banking app or Online Banking.
Bank of America Zelle® limit details
Zelle with Bank of America is a fast, free, and easy way to send and receive money directly between bank accounts in the U.S. using only a U.S. mobile number or email address. It’s integrated into the Bank of America mobile app and online banking platform, making it convenient for customers to use.
Key Features of Zelle with Bank of America:
- Fast: Money typically arrives within minutes between enrolled users.
- Free: Bank of America doesn’t charge fees for sending or receiving money with Zelle.
- Secure: Your bank account information remains private when using Zelle.
- Convenient: You can send money to almost anyone with a U.S. bank account, regardless of where they bank.
How to Use Zelle with Bank of America:
- Enroll: If you haven’t used Zelle before, you’ll need to enroll through the Bank of America mobile app or online banking.
- Select Recipient: Choose a recipient from your contacts or add a new one using their U.S. mobile number or email address.
- Enter Amount: Input the amount you want to send.
- Send: Review the details and confirm the transfer.
| Individuals | Small Business* | Merrill Lynch | Private Bank | |||||
|---|---|---|---|---|---|---|---|---|
| Time period | Dollar amount | Total transfers | Dollar amount | Total transfers | Dollar amount | Total transfers | Dollar amount | Total transfers |
| 24 hours | $3,500 | 10 | $15,000 | 20 | $15,000 | 15 | $25,000 | 15 |
| 7 days | $10,000 | 30 | $45,000 | 60 | $45,000 | 30 | $60,000 | 30 |
| 30 days | $20,000 | 60 | $60,000 | 120 | $60,000 | 60 | $100,000 | 60 |
Also read: Bank of America Mobile check Deposit: How to deposit check and Limits
How to Send money with zelle
To send money with Zelle, log in to the Mobile Banking app or Online Banking and select Transfer | Zelle® in the navigation menu.
- Tap “Transfer | Zelle®” and then “Send.”
- Select or add your recipient.
- Enter the amount and select your funding account.
- Include an optional note and tap “Send Money.”
- Once you send money, both you and your recipient will be notified. Send money now
As a small business client, you may be able to send up to $15,000 per day with Zelle®.
How to Receive money with zelle
To receive money with Zelle, you’ll need to enroll your U.S. mobile number or email address (the sender needs to use the specific email address or U.S. mobile number that you enrolled)
- Sign in and tap “Transfer | Zelle®.” Then tap “Settings” or “Manage Settings” and follow the instructions.
- Check your text messages or email for a one-time code, so we can confirm your business account.
- You’re all set!
How do i know if my recipient did not receive funds sent with zelle
To know if your recipient did not receive funds, First, check the status of your payment. You can see incoming and outgoing Zelle payments (both pending and completed) on the Zelle Activity page.
ii. You can also ask Erica® on our Mobile Banking app to view your Zelle activity.
III.If the status is “Completed”: The money has been successfully transferred to the recipient’s bank account. You could ask them to double-check their account.
IV. If the status is “Failed”: There may be an issue with the recipient’s account or enrollment in Zelle. Reach out to them for assistance.
V. If you’re unsure of the status or if there’s an issue, you can contact Zelle customer support directly at 844-428-8542. They can help you track the payment and resolve any problems.
You may also read: How do Bank Of America cardless ATMs work
How to enroll for Bank of America Zelle
To enroll for Zelle with Bank of America, you have two options:
1. Through the Bank of America Mobile App:
Open the Bank of America mobile app and log in.
Tap on “Pay & Transfer,” then select “Zelle®.”
Follow the on-screen instructions to enroll your U.S. mobile number or email address.
You’ll receive a one-time verification code via text or email to confirm your identity.
2. Through Bank of America Online Banking:
Log in to your Bank of America online banking account.
Go to the “Transfer & Pay” section and choose “Send money with Zelle®.”
Follow the prompts to enroll your U.S. mobile number or email address.
Verify your identity with a one-time verification code sent via text or email.
After Enrollment:
Once you’ve enrolled, you can start sending and receiving money with Zelle directly through the Bank of America mobile app or online banking platform. You’ll be able to quickly and easily transfer funds to friends, family, and others you trust using just their U.S. mobile number or email address.
Frequently Asked Questions
Q: How do I send money with Zelle through Bank of America?
A: To send money, log into your Bank of America mobile app or online banking, navigate to the “Pay & Transfer” section, select “Zelle®,” and follow the instructions. You’ll need the recipient’s email address or U.S. mobile phone number.
Q: Is there a limit on how much I can send with Zelle?
A: Yes, there are daily and weekly limits for sending money with Zelle. These limits can vary depending on your account history and relationship with Bank of America. You can view your limits within the Zelle feature of your online or mobile banking.
Q: Can I cancel a Zelle payment?
A: No, Zelle payments are typically instant and cannot be canceled once sent. It’s crucial to double-check the recipient’s information before confirming the payment.
Receiving Money
Q: How do I receive money with Zelle through Bank of America?
A: If someone sends you money with Zelle, you’ll receive a notification via email or text message. If you’re already enrolled with Zelle through Bank of America, the money will be deposited directly into your account. If not, you’ll be prompted to enroll to receive the funds.
Q: How long does it take to receive money with Zelle?
A: Money sent with Zelle typically arrives within minutes between enrolled users.
Q: Is it safe to use Zelle?
A: Zelle is a secure way to send money, but it’s important to only use it with people you know and trust. Once the money is sent, it’s typically not reversible.
General Questions
Q: Is there a fee to use Zelle through Bank of America?
A: No, Bank of America does not charge any fees for sending or receiving money with Zelle.
Q: Can I use Zelle with my business account?
A: Yes, Zelle is available for eligible small business accounts. You can enroll through online banking or the mobile app.
Q: Who can I contact if I have an issue with a Zelle transaction?
A: If you have any problems with a Zelle transaction, contact Bank of America customer service immediately. They can help you track the payment and address any concerns.
