BOA is among the banks that makes use of zelle in terms of receiving or sending money, and we have bank of america zelle limit. The limit varies from daily to weekly and monthly basis.
Zelle pay is now one of best means of sending and receiving money to one’s bank account, almost all the banks in the United States are making use of it, their customers to use it to send money.
Some bank customers sees it as a very convenient and faster means of money transfer especially in 2020.
On this post we’ll be looking at the bank of america zelle limit which will help the BOA customers making use of zelle to know the limit they are to send or receive in a day using zelle pay.
So far there are up to eight financial institutions are making use of the zelle pay network, they are as follows;
- Bank of america
- Jp Morgan Chase bank
- Wells Fargo
- Capital one
- Morgan Stanley
- Ally bank
- US Bank
But this post focuses on BOA and zelle transfer limit bank of america, others banks will come up shortly after this post.
Bank of america zelle limit
Bank of america zelle daily limit is $2500, while you can send Up to $20,000 in a month. So $20,000 is the maximum amount of of money you can send in a month using zelle pay with bank of America.
To send money with your bank of america account using zelle, simply sign in on the BOA mobile app.
Tap on the transfer button and select zelle and click on send, select or add the recipient. Please for better and convenient way, i will advise you to first add your recipients on your online banking account.
Having entered or selected the recipient, type in the amount you want to transfer and select the account you want to use for the money transfer.
To recieve money from bank of america through zelle, sign in to the BOA mobile app and tap on transfer/zelle. Then tap on the settings or the setup button and follow the onscreen instructions.
Add the email address or the mobile phone number the sender used when sending the money to you, finally check your mail box or phone number for otp code.
So far, this is bank of america zelle limit in 2020, but generally, you can get a maximum limit of $1000 in a day.
What is Zelle Pay
Let me give a brief history of zelle pay network for those that are very new to it or maybe doesn’t know much about it.
Zelle pay network, is a new payment service backed by more than 30 US banks, will launch its standalone app on September 12th.
Another way to understand the network is that it is a fast, safe and easy way to send and receive money with friends, family or others in minutes,1 between domestic bank accounts at U.S. financial institutions.
Using just their U.S. mobile number or email address you can send money directly to their bank account right from yours with no fees using the Bank of America Mobile Banking app or Online Banking.
The network had been quietly powering money transfers for major US banks including Bank of America, Chase, Wells Fargo, and Citibank since launching in June.
To use the Zelle app, customers have to sign up for a Zelle account then link their bank information.
Users can send money using a contact’s email address or phone number, but the recipient must also sign up for a Zelle account to complete the transaction.
Apart from bank of america zelle limit, the likes of chase, wells fargo, citi bank etc have theirs also and they are as follows;
Wells fargo zelle limit is $2,500 in a day, and you’re limited to a maximum of $20,000 in a month (30 days).
Chase bank is quite different from zelle transfer limit bank of america, the limits depend on the type of account you have with the bank. They are;
For chase bank personal Chase checking accounts or Chase Liquid cards, you can send up to $2,000 in a single transaction. You can also send up to $2,000 in a day and $16,000 in a calendar month.
For Chase Private Client or Private Banking client accounts, you can send up to $5,000 in a single transaction, and up to $5,000 a day.
You have a maximum of $40,000 to send or receive in a calendar month.
For Chase business checking accounts, you can send up to $5,000 in a single transaction, and up to $5,000 a day. You also have $40,000 maximum amount to send in a calendar month.
Another bank i have their limit is the citi bank, and it is also quite different from bank of america zelle limit. They are;
For the Basic and Access accounts, you can send up to $1,000 in a day. For those with Citi Priority, Citigold, and Citi Private Bank accounts, you have up to $1,000 to send in a day.
The above are for citibank account holders whose account is less than three months (90 days). For those whose account is more than three days;
For those with the Basic and Access accounts, you have up to $2,000 zelle daily limit.
For the Citi Priority, Citigold, and Citi Private accounts holders, you have up to $5000 zelle daily send limit.
Citibank gives a maximum monthly limit of $5000 to $15000, depending on the type of account you’ve with the bank.
Bank of america zelle fees
This is one major question a customer will ask when it comes to money transfer, bank of america zelle fees.
However, the truth is there’s no fees attached in sending or receiving money from your bank of america account using zelle.
Using zelle pay to send or receive money to your bank of america account hundred percent free and you will not pay any fees. If there’s any changes to this, i will let you know by updating thid post.
This is where i wrap it up on bank of america zelle limit, if you have any suggestions or updates to this post, please share it on the comment box thanks.