Each Zelle account has a transaction limit. I’ll discuss Zelle’s weekly limit in this post, as well as how to boost Zelle’s deposit and withdrawal restrictions.
If you prefer banks to digital payment services such as Cash App or Venmo, then Zelle is for you. This payment service has a number of characteristics with other payment applications, including the inclusion of a Zelle Weekly Limit.
Zelle is similar to Cash App in that it is a payment application that enables uncomplicated money transfers and receipts.
Unlike Cash App, however, Zelle is backed by the largest banks in the United States. The majority of bank accounts in the United States currently have Zelle for mobile payments.
However, can Zelle take the position of Cash App?
The answer to this question is complicated by a myriad of variables. Possibly the most critical element is Zelle’s limitations. If they’re too strict, it won’t be worth it to forsake other payment applications in favor of Zelle.
What is Zelle’s Weekly Limit?
Each bank, payment app, and credit card has its own set of restrictions on the amount you may send or receive using the service.
The Zelle application is no exception. With Zelle, there are daily and weekly restrictions on the amount you may send and receive.
There are several explanations for the existence of the Zelle weekly restrictions. For one thing, government regulations force banks and approved payment firms to cap the amount of money you may trade over a specified time period.
Additionally, banking limitations exist to safeguard your account from fraud. If someone gains access to your Zelle account without your consent, they can only deplete your funds to a certain extent.
While you may extend the limit on your ordinary bank account by simply calling your bank, increasing the limit on your Zelle account is not as straightforward.
The next paragraphs will explain what Zelle restrictions are and how they may be increased, if that is even conceivable.
What is the Zelle Weekly Limit?
While other payment applications, such as Cash App or Venmo, impose a weekly restriction on all users, Zelle’s does not.
The limit on your Zelle account is determined by the bank with which you have an account. In essence, the supported banks have various Zelle weekly restrictions.
I’ll list a few notable banks that support Zelle and their Zelle weekly limitations below.
1. Wells Fargo Zelle weekly limit
If you bank with Wells Fargo, you can access Zelle natively. Given that Wells Fargo was one of the founding members of Zelle Pay, you might anticipate some wiggle room.
Wells Fargo supports Zelle Pay transfers of up to $2,500 per day, which is one of the highest transfer limits offered by any approved bank.
This does not imply you may continue sending $2,500 every day for the whole month, as you are not permitted to transfer more than $4,000 per month.
At first glance, the offer appears to be irresistible. However, when the enforced monthly cap is considered, the deal loses its allure.
2. Bank of America’s Zelle weekly limit
Zelle’s restrictions with Bank of America are unquestionably superior to those with Wells Fargo (or worse in the case of fraud).
Bank of America allows daily transfers of up to $2,500 and weekly transfers of up to $17,500. However, if you transfer up to this amount, your monthly restrictions will be reached, since Bank of America does not allow you to transmit more than $20,000 each month using Zelle.
Nonetheless, it’s a better option than utilizing Wells Fargo and is one of the greatest deals available across all US banks.
3. Weekly limit on Zelle for Chase Bank
Chase Bank’s approach to Zelle weekly restrictions is superior to that of Bank of America or Wells Fargo. It has distinct weekly balance restrictions for personal and commercial accounts.
If you have a Personal Checking account, your daily transfer limit is $2,000 if you have one. Additionally, you can transfer up to $16,000 every month, so you should be cautious.
However, Chase Business Tracking and Private Tracking accounts increase the daily cap to $5,000. However, you are limited to sending $40,000 every month, which is quite impressive when compared to other possibilities.
4. Additional banks that are backed
The majority of other banks that offer Zelle natively will enable you to transmit up to $1,000 per day and a maximum of $5,000 per month. Citizen’s Bank, PNC, and Citibank are among the banks that follow this approach.
Capital One, on the other hand, increases both the daily and monthly limits. Discover will not let you to transmit more than $600 each month, but there are no hard limits on the monthly limit.
What if My Bank Isn’t a Zelle Supporter?
If your bank is not officially a Zelle partner, you can still utilize the service using a compatible debit card. Even if your bank does not accept Zelle, Visa and MasterCard debit cards will allow you to use it.
There is one important limitation, however: your weekly transfer limit will be limited to $500. This restriction is impractical, even for someone who is not self-employed.
How to Increase the Limit on Zelle Transfers
When your Zelle transfer limit is reached, you are unable to contact your bank (or Zelle) to request a temporary increase.
The most effective method of increasing your Zelle transfer limit is to avoid reaching it in the first place. This is accomplished by conducting thorough research and selecting a bank that will meet your spending demands.
By selecting a bank such as Bank of America or Chase Bank, you might receive a weekly Zelle limit that is greater than the industry average.
If you remain dissatisfied, there is just one other option: investigate other options.