Working with Zelle. Are you finding it difficult to send money to your friends and families banking somewhere different than yours? If so, Zelle got you covered. With a digital payment system like Zelle, banking has never been this comfortable. It makes it so easy to get paid as it is integrated into lots of banking apps. You just need to check if your bank is in partner with Zelle. The Zelle app is so reliable and fast. You can use the Zelle app to send money for different kinds of things.
You don’t need to go to the bank, you can just be at the comfort of your home or at your workplace using your mobile device to send and receive money. Isn’t that fascinating? The stress of going to the bank has been put off as you can be at a restaurant and have no cash with you but with the Zelle app, you could just make a transfer in a matter of seconds. This solves a lot of problems of people having issues with sales personnel. So, how do you use Zelle? We get to know
Working with Zelle
It is safe and secure working with Zelle, you hardly have any issue when it comes to transferring as it is done in split seconds. Unlike other apps, the money transferred through Zelle is done from one bank account to another not from a Zelle account to another Zelle account as others might think it would be.
To begin with, you just need an email address or the mobile number of the one the money is to be transferred to. Within a matter of seconds, Zelle sends the recipient a link through text or email to accept it.
On the other hand, if the recipient bank is not registered with Zelle, they can still receive the text except for the fact that the recipient needs to download and install the Zelle mobile app registering using email and mobile number but also need to input debit card details to receive the money.
For a first-time user, it takes about 3 days to receive the payment. At times, some might have their bank being a partner but not having registered with Zelle, you just need to do the same but do not require a debit card.
Zelle Transfer Limit
You might wonder, of course, Zelle has a transfer limit and it all depends on the bank you are operating. If you have your bank not being a partner, then your transfer limit will be low. The transfer limit for such a category is $500 per week.
On the other hand, if your bank is in partner with Zelle, then you have a larger transfer limit. In terms of receiving money, it is quite different as there is no limit attached.
Banks have their different limit be it daily or monthly limit, it varies. You have the Bank of America, U.S. Bank, Ally Bank, PNC Bank, and many others.
You have Chase Business Checking or sometimes called the Chase Private Client has one of the highest monthly limits of about $40,000. Moreover, the daily limit well ranges as you have them to be $1,000 to $5,000.