So, you’re wondering, can I use Zelle to send money to myself? Yes, the response is yes. If you have numerous bank accounts, you may use Zelle to transfer money between them as long as each Zelle account is associated with a distinct email address or US mobile phone number.
Sending money to another person’s bank account is extremely simple using Zelle. What if you have several bank accounts and must pay money yourself? So, a buddy of mine had a similar query and inquired whether he could use Zelle to send money to his bank account. I demonstrated to him precisely what to do because I am well-versed in the platform.
If you’ve been wondering whether you can use Zelle to transfer money to yourself, this tutorial has the answer. Without further ado, let’s get started.
Can I Use Zelle to Send Money to Myself?
You may transfer money from one to the other if you have two bank accounts. However, one key consideration must be made for this to function.
If you’re concerned that Zelle may detect two bank accounts with the same name, don’t worry.
You must ensure that each Zelle account is associated with a unique email address or US mobile phone number.
With Zelle, you may send and receive money using the recipient’s email address or US cell phone.
You won’t have any problems moving money from one Zelle account to another if you have entirely separate data for each linked to your bank accounts.
How do I Use Zelle to Transfer Money Between My Own Bank Accounts?
Now that you know it is feasible to transfer funds from one bank account to another, the issue is: how?
The good news is that sending money to a friend’s bank account is pretty simple and the same process.
Here are the ways to transmit money from one bank account to another in just a few simple steps:
- Launch Zelle. You may accomplish this by launching the Zelle standalone mobile app or by accessing the Zelle interface within your banking institution’s app
- Search for and choose your phone number if it is saved in your contacts
- If you don’t have your contact saved, add a new one by clicking “Add New Contact”
- Enter the information for this new Zelle account, not creating an account with identical details. You can input the phone number or email address associated with that bank account’s Zelle. When you’re finished, hit the “Save” button
- Enter the amount to be sent to your other bank account. You may even include a note
- Check that all of the information is correct
- To complete the transaction and transfer money between your bank accounts, click “Send”
- If everything works as planned, your second bank account will receive the funds within a few minutes
How Far will you Go to Zelle Yourself?
You might be wondering how much data you can send. The truth is, this is heavily dependent on the bank you use. Each bank institution has various restrictions if you wish to transmit money using Zelle.
Except for Ally and Discover, which charge $500 and $600, respectively, most major US banks allow you to transmit at least $1,000 daily.
However, you can send up to $3,500 daily to Bank of America and Wells Fargo.
Some banks provide more significant sums, although generally just for commercial accounts. For example, with Bank of America, it may go up to $15,000.
When you wish to move money from one Zelle-connected bank account to another, your monthly restrictions for online banking with Zelle will be considerably greater.
Depending on the bank, this can range from $5,000 (PNC Bank, Citizen’s Bank, Charles Schwab, and so on) to $20,000 (Wells Fargo, Bank of America).
You can transmit more than your daily limit if you have a business bank account. This may reach $60,000 for a bank like Bank of America.
Can I Connect More than One Bank Account to my Zelle?
Each Zelle account can only be linked to one bank account.
Of course, you may have many Zelle profiles if you sign up with a different phone number or email address each time.
It simply will not work if you use the same email address or US mobile number.
You wanted to know if you could use Zelle to send money to yourself. You may, as long as each bank account has a Zelle profile with a different US cell number or email address than the other account. When you’re ready to send money to yourself, do it like you’d send money to anybody else. Open the Zelle area of the mobile app or your bank app, and input the cellphone number or email address to whom you wish to send money. Enter the amount and hit the “Send” button. That’s all!
I hope this post demonstrated how to use Zelle to transfer money from one bank account to another. Check out our other articles to learn more about popular topics.