So, you've been asking, can I send money to myself with Zelle? The answer is yes. If you have multiple bank accounts, you can use Zelle to send money between them, as long as each Zelle account has a different email address or US mobile phone number attached to it.
Zelle makes sending money to another person's bank account ridiculously simple. What if you have multiple bank accounts and needed a way to send money to yourself? Well, a friend of mine had a similar question and asked me whether he could send money to his own bank account with Zelle. Since I am well-versed in the platform, I was able to show him exactly what to do.
If you've also been wondering whether you can send money to yourself with Zelle, the answer is in this guide. Without further ado, let's get right into it.
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If you have two bank accounts, you can certainly send money from one bank account to another. However, there is one important thing to keep in mind for this to work.
If you're worried that Zelle might notice two bank accounts with the same name, that won't be a problem.
You need to make sure there's a different email address or US mobile phone number registered to each Zelle account.
When it comes to Zelle, you can send and receive money using the other person's email address or US mobile number.
As long as you have completely different details for each Zelle account linked to your bank accounts, you won't have an issue sending money from one to another.
Now that you know that it's possible to send money from one bank account of yours to another, the question is: how?
Well, the good thing is that it's super easy to do, and it's the same process if you wanted to send money to a friend's bank account.
Here are the steps you need to follow to send money from one bank account to another, in just a few easy steps:
Once you're done, if everything goes well, your other bank account will receive the money within a few minutes.
You might be curious as to how much you can transfer. The thing is, this depends majorly on the bank you're using. Each financial institution has different limits if you want to send money with Zelle.
For most major US banks, you can send at least $1,000 every day, with the exception of Ally and Discover, at $500 and $600 respectively.
However, for Bank of America and Wells Fargo, you can send as much as $3,500 each day.
Some banks offer higher amounts, but this usually only applies to their business accounts. For instance, with Bank of America, it can go as high as $15,000.
When you want to transfer money from one bank account to another that's connected to Zelle, your monthly limits for online banking with Zelle will obviously be much higher.
Depending on your bank, this can start from as low as $5,000 (PNC Bank, Citizen's Bank, Charles Schwab, etc.) to as high as $20,000 (Wells Fargo, Bank of America).
Similar to your daily limit, if you have a business bank account, you can send more. This goes as high as $60,000 for a bank like Bank of America.
You can only have one bank account tied to each Zelle account.
Of course, there's nothing stopping you from having more than one Zelle profile, as long as you use a different phone number or email address to sign up.
If you use the same email address or US mobile number, it simply won't work.
You wanted to know if you can send money to yourself with Zelle. You certainly can, as long as each bank account uses a Zelle profile with a different US mobile number or email address than the other account.
When you're ready to send money to yourself, just do it the same way that you'd transfer money to anyone else. Open the mobile app or your bank app, access the Zelle section, and enter the mobile number or email address you want to send money. Enter the amount and press "Send". That's it!
I hope this article showed you how to transfer money from one bank account to another using Zelle. Take a look at our other articles to learn more about popular payment apps.
