What is the daily transfer limit for the Send Money with Zelle feature? (2024)

FAQs

What is the Zelle limit per day? ›

The Bottom Line: Zelle Transaction Limits

Many top banks offer Zelle, allowing users to send funds to trusted family members and friends. Sending limits usually range from $500 to $5,000 per day and $10,000 to $20,000 per month, though some banks may allow you to increase your limits.

Zelle limits reset based on the type of limit: Daily Limit: Resets every 24 hours from the time of the last transaction. Weekly Limit: Resets every seven days from the date of the first transaction of the week.

Existing Client Limits: Send $3,000 or 10 transactions per day, $6,000 or 30 transactions per week, and $12,000 or 60 transactions per month. New Client Limits (for first 30 days after account opening): Send $500 or 10 transactions per day, $1,000 or 30 transactions per week, and $4,000 or 60 transactions per month.

Zelle sells itself as a secure money transfer app because it doesn't store your personal information. Your details stay secure with your bank and are never visible to Zelle. However, the downside to instant money transfers is that you may not be able to cancel transactions once they are made.

When sending or requesting money, the amount is restricted for your safety and security and cannot be changed.

If you're sending a large amount of money, you may want to use a wire transfer at your bank. You'll need the recipient's account and routing numbers. You and the recipient will likely incur fees. Wire transfers take place in less than 24 hours but do not occur on weekends or on bank holidays.

Instant- Typically within minutes. No cut-off time. 24/7 365 days a year.

Zelle^® does not report transactions made on the Zelle Network^® to the IRS. The law requiring certain payment networks to provide forms 1099K for information reporting does not apply to the Zelle Network^®.

Zelle suspends accounts associated with scams or fraudulent activities to protect users from financial harm. In addition, Zelle prohibits the use of its service for certain businesses classified as “high-risk” trades.

If you are sending a payment and an error occurred:

There may be an issue with the email address or mobile number they have enrolled with Zelle^®. You may verify with the Recipient they have fully enrolled with the email address or mobile number you are trying to send money, and have opted into receive notification.

Is it safe to send a lot of money through Zelle? ›

No sensitive account details are shared when you send and receive money with Zelle^® – only an email address or U.S. mobile number tied to a bank account in the U.S. Authentication and monitoring features are in place to help make your payments secure, but, pay it safe: Only use Zelle^® with people you trust, and always ...

There are daily and 30-day (rolling) limits. The amounts you can send daily and over 30 days will vary based on your funding account, your recipient, your account and online banking history, and your payment history for each recipient. Receiving limits: We do not limit how much money you can receive with Zelle^®.

Only Send Money to Those You Trust

With Zelle^®, you can send money from your account to someone else's within minutes¹. It's a great way to pay friends, family, your coworkers and almost anyone else you trust, but it shouldn't be used to pay strangers.

However, while Zelle may appear more secure, applications like Venmo and PayPal are just as secure. All of them use data encryption to protect users against unauthorized transactions and store users' data on servers in secure locations. Venmo also offers users the ability to set a PIN code for access to the mobile app.

Ask for the recipient's Zelle email address — not a phone number. Spotting typos in email addresses is easier (and more obvious) than identifying incorrect digits in a phone number. Remember that you don't need a Zelle business account to make and accept payments on Zelle.

Zelle^® does not report any transactions made on the Zelle Network^® to the IRS, even if the total is more than $600. The law requiring certain payment networks to provide forms 1099K for information reporting does not apply to the Zelle Network^®.

There is no fee to send, request or receive money using Zelle®.

You may send a total of $600 per day with Zelle® transfers to other users. We may increase your transfer limit for sending money, from time to time, based on a variety of factors that we determine in our sole discretion.