There are many reasons people choose to ditch cash for online money transfers. For many users, this is the most convenient option, and one of the main advantages is not having to go to the bank for money transfers.
Many banks and credit unions offer links to digital payment methods to speed up online money transfers. One of the most popular networks available is Zelle.
If you are looking for a quick and easy virtual way to send and receive money, you might consider trying Zelle. The US-based financial app allows users to transfer money from their bank accounts directly to other people's accounts and vice versa without any hassle.
But is there a limit to the amount you can send?
Well, it all depends on which bank or credit union you choose. In this article, we will explore ways to exceed the $500 spending limit associated with a Zelle account.
Keep reading to find out more.
How does it work?
Zelle is a growing private financial service founded in 2022. The app can be used on any device, from your PC to your smartphone or tablet. Many banks in the United States support the service, and it often saves customers a lot of time when it comes to transferring their wealth.
To use Zelle, all you need to do is enter an email address or US phone number once you've downloaded the app. Once you've provided sufficient verification, you're pretty much good to go. Whether you're paying for a vacation or simply reimbursing a friend for a meal, you'll be able to send or receive money instantly to and from any trusted account once Zelle is up and running.
However, you might notice that there is a weekly spending limit of $500. If you use Zelle independently of your bank or credit union, unfortunately you cannot exceed this limit. To increase your daily expenses, you might want to talk to your bank to find out if they can help you.
Some banks and credit unions offer their customers the ability to transfer their money through the Zelle app. If yours offers this option, you can contact someone at your bank directly to increase the amount of your weekly expenses. Most users with bank-supported Zelle accounts can send up to $1 per day, with a limit of $000 per month. However, this figure may vary depending on your bank.
Money, money, money
These days, most bank transfers are done from the convenience of our mobile devices. Gone are the days of having to physically go to the bank to deal with financial issues, unless that is your preference.
Additionally, more and more banks in the United States are choosing to work with Zelle. When you sign up with a Zelle-affiliated bank, you'll be able to spend considerably more than the allotted $500 per day. So if you need to increase your transfer power, the best course of action is to contact your bank and speak to someone to start the process.
Do you use Zelle to transfer money? Have you tried increasing your spending limit through your bank? Let us know more about your experience in the comments below.