Can I set up recurring payments with Zelle? (Try These Topnotch tips)

Paying electronically saves time from manually visiting someone and paying them, especially if they are living in different parts of the city like us.

Those who have regular payments to do might want to schedule their payments so that it reaches the recipient automatically on a set date.

However, Zelle does not provide recurring payments: it totally depends on your Bank. Different banks have different policies and hence you would want to check them up first if they support recurring or scheduled payments. Not all banks support recurring deposits and those who do might not provide a high limit of sending money.

For instance, Navy Federal Credit Union allows sending a maximum of $2,500 per day whereas the Bank of America allows sending up to $3,500 per day and up to $20,000 every 30 days through Zelle. However, Bank of America does not support recurring payments.

These limits aren’t set or dependent on Zelle. Different banks chose to impose different restrictions on their send limits.

Can you set recurring payments with Bank of America?

As discussed earlier, the simple answer to this question is no. Bank of America might have higher spending limits than other banks but it doesn’t offer to set up recurring payments.

Can Zelle do recurring payments to friends?

You can do recurring payments to almost anybody provided your bank supports recurring payment deposits.

What is the limit of recurring payments?

Different banks have different policies and hence you would want to check them up first if they support recurring or scheduled payments. Not all banks support recurring deposits and those who do might not provide a high limit of sending money.

For instance, Navy Federal Credit Union allows sending a maximum of $2,500 per day whereas the Bank of America allows sending up to $3,500 per day and up to $20,000 every 30 days through Zelle. However, Bank of America does not support recurring payments. 

How to set up a recurring payment on Zelle with Ally Bank:

Log in to online banking and choose to Send money with Zelle.

Enter the amount on the next screen, and select Change.

Choose the frequency to set up your recurring payment.

It must be noted that recurring payments are sent with Standard delivery (1-3 business days). Money scheduled to be sent on a holiday or a weekend will be sent the prior business day.

Can Zelle be used for rent payments?

With Zelle you can send money to almost all of your contacts within the U.S as long as they have a bank account. As long as you and the recipient both have accounts in banks supporting Zelle, if can be used to transfer money between you and them in a quick simple, and secure way without any fee.

Setting up recurring payments with U.S bank

Online banking steps:

  1. Tap on Bill payments from the main menu.
  2. Choose Pay Bills& U.S bank accounts.
  3. Select Auto pay set up now in the biller details which can be found located in the right.
  4. Fill the amount you want to pay and select the frequency and the start date of the payment. Then, select the account you want to pay from. Then start auto pay.

Canceling recurring payments in U.S bank?

Your recipient will be notified when you edit or cancel a payment. Claimed payments cannot be canceled. To cancel the recurring payment through online banking, follow the given steps:

  1. Tap on send money at the top of the page.
  2. Select Transactions Timeline, and then select the Recurring tab.
  3. Navigate and select the payment you want to edit or cancel.
  4. Choose the option you’d like
    1. Edit Next Payment
    1. Edit Recurring Payment
    1. Cancel Next Payment
    1. Cancel Recurring Payment

U.S. Bank Mobile App steps:

Downloading the U.S bank app is recommended for the best experience:

  1. Select Send Money at the bottom of the page, and then select Activity.
  2. Choose the name of the recipient within the Recurring tab.
  3. Scroll down and choose Edit Payment or Cancel.
  4. Edit the details and select Submit, or choose Cancel Payment to finalize the cancellation.

Bottom line

Zelle does not support recurring payments itself, hence you need to check in with your financial institutions if they support automated payments or not.

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