Every Zelle account has a transaction limit. This article will discuss Zelle Weekly Limit, how to increase Zelle withdrawal and deposit limits.
Zelle is a great choice if you prefer digital payment platforms such as Venmo or Cash App to banks. Zelle has many similarities to other payment apps. This includes the existence of a Zelle Weekly Limit.
Zelle is a payment app that allows you to transfer and receive money instantly. It’s similar to Cash App.
Zelle, however, is not like Cash App. It has the backing and support of some of the largest banks in America. Zelle is available for mobile payments on most American bank accounts.
Can Zelle replace Cash App, however?
This is because there are many factors that can influence the outcome. The most important factor is, perhaps, the Zelle limits. It won’t pay to abandon other payment apps for Zelle if they are too strict.
What is the Zelle Weekly Limit
There are limits on how much money you can transfer to or receive from each bank, payment app or credit card.
The Zelle app is no exception. Zelle has limits on how much you can send and receive each day. This accumulates to create a Zelle weekly limit.
There are many reasons the Zelle weekly limits exist. One reason is that banks and authorized payment service providers are required by government policies to limit the amount you can transact in a given period.
Bank limits are also in place to protect your account against scams. You can only allow someone to access your Zelle account and steal your money.
Although you can raise the limit of your regular bank account limit by calling your bank, increasing your Zelle limit takes more effort.
In the following paragraphs you will learn about the Zelle limits and how to increase them, if possible.
What is the Zelle Weekly Limit for?
Zelle’s weekly limit, unlike other payment apps such as Venmo or Cash App, doesn’t have a limit.
Your bank will determine the limit of your Zelle account. There are different Zelle weekly limits depending on which bank you use.
Here are some prominent banks that support Zelle, along with their Zelle weekly limits.
- Zelle Weekly Limit for Wells Fargo
Zelle can be accessed natively by Wells Fargo customers who have Wells Fargo as their preferred bank. You can expect flexibility because Wells Fargo was one of the first conveners of Zelle Pay.
Wells Fargo allows you to transfer up $2,500 per day via Zelle Pay. This is the maximum transfer limit from any bank supported.
This doesn’t mean that you can send $2,500 per day to every day of the year. You can only send $4,000 per month.
At first, the offer sounds tempting. It stops sounding great when you consider the monthly limit.
- Zelle weekly limit Bank of America
Zelle’s limits at Bank of America are undoubtedly higher than Wells Fargo (or worse, in the case of fraud).
Bank of America allows you to send up to $2,500 per day and as much as $17,500 per workweek. You will have to limit the amount you send each month, which is $2,500 per day.
It’s still better than Wells Fargo, and it is one of the most popular offers from all US banks.
- Zelle weekly limit Chase Bank
Chase Bank has a better approach than Bank of America and Wells Fargo to Zelle weekly limits. You can choose from different weekly limits for your personal and business accounts.
Your daily transfer limit for Personal Checking accounts is $2,000 per day. You can also transfer up $16,000 per month.
Private Tracking and Chase Business Tracking account have higher limits. You can send $5,000 per day. You can send $40,000 per monthly, which isn’t bad, especially when you consider other options.
- Other supported bank
Zelle is natively supported by most banks. You can send $1,000 per day, but not more than $5,000 per year, from any other bank. Citizen’s Bank and Citibank are among the banks that follow this example.
Capital One, however, doubles the daily and monthly limits. Although Discover will not allow you to send more than $600 per month it does not place any caps on the monthly limit.
What happens if my bank doesn’t support Zelle?
You can still use Zelle through your supported debit card even if your bank doesn’t support it. Even if your bank does not support Zelle, Visa and MasterCard debit cards allow you to use it.
There is however a caveat: your weekly transfer limit of $500 will apply. Even for those who don’t own a business, this limit is not practical.
How to Increase Zelle Transfer Limit
It’s not possible to call your bank or Zelle to request a temporary increase if you have reached your Zelle transfer limit.
Avoiding hitting the limit first is the best way to increase your Zelle Transfer Limit. This can be achieved by doing thorough research and selecting a bank that meets your spending requirements.
A bank like Chase Bank or Bank of America will give you a greater Zelle weekly limit than the average.
You can always check out other options if you are still not satisfied.
Zelle is a great payment option that’s backed by top banks in America. According to reviews from various apps, however, the worst thing about Zelle is its weekly limit.
This post will outline the spending limits for Zelle compared to the banks in the United States. It also includes some tips and tricks that you can use to reduce your chances of hitting these limits.