In this post, you’ll learn about the Zelle daily transfer limit with Citi bank. You will also learn how to increase your Zelle limit with Citibank. The following article will explain what the maximum allowable amount is per day and what factors affect it.
Who can use Zelle with Citi bank?
Zelle has become quite popular among the people of America. You must already know Zelle is been supported by more than two dozen banks in the U.S therefore you might be wondering if your bank supports Zelle payments too.
If you are a user of Citi bank you can use Zelle for the transfer of money as Citi bank is also one of the major banks supporting Zelle.
If you want to use Zelle with Citi bank you must have a bank account in the Citi bank. You must also have a valid email address and a U.S-registered mobile phone number.
If you have more than one type of account with Cit bank, bear in mind that both accounts should with registered with different phone numbers and email addresses.
For instance, if you have both a consumer and a small business account with Citi bank, you will need a unique email address and a U.S mobile number for each account.
With Zelle, you can transfer money almost instantly. Send money to friends and family, request money or splitting bills with Zelle have become easier.
It’s not necessary to have a bank account with Citi for the same. You can have a bank account with any of the banks in the U.S which support Zelle.
Is there a fee for transactions with Zelle?
Zelle does not charge any fee for transactions and neither does Citi bank. However, different banks have different policies and if you have a bank account in another bank you might need to find it out from them.
Regular charges may apply to consumer or small business accounts.
What does the daily limit of transactions depend on?
This can depend on multiple factors. For instance, if you are having a consumer or business account and whether you are a new account holder (at least 90 days).
Daily and monthly limits for consumer accounts
The limit for transactions only applies to sending money and not to the amount of money you can receive.
For a new account holder (until 90 days).
Daily send limit: $1500 for Basic, Gold, Student, etc.
Monthly send limit: $6000 for Basic, Gold, Student, etc.
For an established account holder (after 90 days):
Daily limit: $2500 for Basic, Access, Citi Elevate, and Citibank student Account.
Monthly limit: $15000 for Access, Citi Elevate, and Citibank student Account.
Daily limit: $5000 for Priority, Citigold, Citi Private Bank, Citigold International Account, and Citi Global Executive Account.
Monthly Limit: $20000 for Priority, Citigold, Citi Private Bank, Citigold International Account, and Citi Global Executive Account.
Daily and monthly limits for Small business accounts
Small business accounts can receive money from anyone who is enrolled in Zelle irrespective of having a Citi bank account or not. They can also send money to any U.S bank accounts, whether small business or personal.
For new account holders: (at least up to 90 days)
Daily limit: $2000
Monthly limit: $10000
For established account holders (after 90 days):
Daily limit: $5000
Monthly limit: $40000
However, if you want to increase your spend limit you can reach out to your bank.
Can I send $5000 through Zelle?
Zelle limits their users of sending up to $1000 per week or $5000 monthly. However, this varies from bank to bank so you need to find out from your bank.
For Citi bank users if you have a Priority, Citigold, Citi Private Bank, Citigold International Account, or Citi Global Executive Account your daily limit is $5000. Hence you might be able to do transactions of that amount.
Daily limits of some of the major banks of the U.S:
|Ally||Up to $500/day|
|Bank of America||Up to $2,500/day|
|Capital One||Up to $2,000/day|
|Chase||· For Chase Personal Checking and Chase Liquid cards: up to $2,000/day· For Chase Private Client and Chase Business Checking accounts: up to $5,000/day|
|Citi bank||If you have been a Citi customer for less than 90 days:|
· For Citibank, Basic, & Access accounts: up to $1,000/day· For Citi Priority, Citigold, and Citi Private Bank accounts: up to $1,000/day
If you have been a Citi customer for more than 90 days:
· For Citibank, Basic, & Access accounts: up to $2,000/day· For Citi Priority, Citigold, and Citi Private Bank accounts: $5,000/day
|Citizen’s Bank||Up to $1,000/day|
|Discover||$600 per day|
|PNC Bank||Up to $1,000/day|
|TD Bank||· Transfer within minutes feature: up to $1,000/day· Transfer within 3-day feature: up to $2,500/day|
|U.S. Bank||Between $1,500 and $2,500/day|
|Wells Fargo||Up to $2,500/day|
Is Zelle safe?
Neither Zelle nor your bank provides protection against scams or fraud. Hence, it is your responsibility to be aware and use the app carefully. It is recommended to use Zelle only for transferring money among friends, family, and people you trust.
Although using Zelle comes with certain limitations it is one of the easiest and the quickest ways for transferring money.