![]() Overall, Zelle is considered a safe way to send and receive money with your family and friends. Standard transfers are free of charge and take one to three business days. Standard transfers take one to three business days and don’t incur a fee.Ĭash App instant transfers are subject to a fee between 0.5 percent and 1.75 percent, and they arrive instantly to a linked debit card. The recipient of the transfer is required to have a compatible bank account or linked debit card. Instant transfers with Venmo typically reach the recipient in up to 30 minutes, with a 1.75 percent fee deducted from the transfer amount, per transfer. One difference to note is that while all transfers using Zelle are typically free of charge, other third-party apps may charge a fee for instant transactions. While Zelle often comes as part of your bank’s app, there are various other third-party apps you can use to send money to peers, such as Venmo and Cash App. The following banks instruct customers to log onto the bank’s app or website to view the amount of money they’re able to send to recipients: Some banks impose Zelle transfer limits based on a customer’s account and online banking history. What’s more, banks also commonly offer the option to transfer money through Zell instantly or through a standard payment that takes between one and three days - and you’ll often be able to send more money when using the standard method. Many also set limits per transaction as well. Most banks set Zelle transfer amount limits per day and per month, and some also set weekly limits. Scheduled transfers (up to 3 business days): $10,000 Scheduled transfers (up to 3 business days): $2,500 Scheduled transfers (up to 3 business days): $5,000Ĭitibank: Citibank Account, Basic Account, Access Account
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