Zelle
Does Zelle Charge a Fee?
Unlike certain other P2P transfer services, Zelle does not charge any fees. Venmo and Cashapp charge fees if users send money using a credit card, and if users want to immediately deposit funds into their bank account. These fees can range from 1.5% to 3% and can make the transfer of large amounts costly.
What Is Zelle's Transfer Limit?
If your bank doesn't offer Zelle, your limit for sending money is $500 per week. If your bank does offer Zelle, you may be able to transfer larger amounts; contact your financial institution to find their spending limits. When it comes to receiving funds through Zelle, however, there are no limitations to how much you can accept.
Here are some of the major banks that offer Zelle and the daily and weekly limits they allow users to transfer using the service.
| Bank | Daily Limit | Monthly Limit |
|---|---|---|
| Ally Bank | $5,000 | $10,000 |
| Bank of America | $2,500 | $20,000 |
| Chase Personal Checking | $2,000 | $16,000 |
| Chase Business Checking or Chase Private Client | $5,000 | $40,000 |
| Citibank Account, Basic Account and Access Account | $2,000 | $10,000 |
| Citibank Citi Priority, Citigold and Citi Private Bank | $5,000 | $15,000 |
| Citizens Bank | $1,000 | $5,000 |
| PNC Bank | $1,000 | $5,000 |
| U.S. Bank | $2,500 | $10,000 |
| USAA | $1,000 | $10,000 |
| Wells Fargo | $2,500 | $20,000 |
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