How do I use Zelle with Wells Fargo and what are its limits?

P2P platforms for sending money are in vogue because they are convenient, fast and adapted to your favorite devices. Sending or receiving money using only an email or a cell phone number offers greater security.

The most widely used in the United States is Zelle and is used by the vast majority of banks. In this case, we will review how to use Zelle with Wells Fargo and its limits.

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How can you use Zelle with Wells Fargo?

If you are an account holder at this national financial institution, you have the possibility to send or receive money through Zelle. This P2P service has become very popular because of the ease and security it offers to those who want a convenient payment method.

To start using it, follow a few simple steps:

Sign up for Zelle.

This can be done with your Wells Fargo checking or savings account through the app or online banking. The process goes like this:

• Log into your online account and select where it says 'Transfer & Pay'.
• From there you go to 'Send Money with Zelle' and review the welcome text.
• Before accepting the 'Zelle Transfer Services Addendum', you should read it.
• Register a US cell phone or email and choose the account you want to use.

We remind you that for each email or cell phone you enter, you will receive a unique verification code.

Add contacts to Zelle

Similarly, you can do this on the Wells Fargo website or through the app.

• Log in and go to 'Transfer & Pay.
• On the Zelle screen, select the contact book and use the '+' icon to add a recipient.
• On the add recipient screen, enter the person's cell phone or email address. Then you enter the first and last name.
• Finally, click on 'save' and in this way you can increase your contact list.

How to send money with Zelle in Wells Fargo?

You can do this directly from the app and it is very simple:

• Log in to your account and choose 'Transfer & Pay'.
• Look for 'Transfer money with Zelle'.
• Choose the recipient from your contact list or add them. Then enter the account and the amount you are sending.
• Next, click on 'Review' to verify that the email or cell phone number is correct.
• Finally, click on 'Send'.

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When you finish the operation, the recipient will be notified by email or SMS. If the person in question is not registered, they have 14 days to do so. Otherwise, you will get your money back. When there is a delay in the transfer, you should understand that it is for security reasons.

How to request money through Zelle?

Requesting funds with this method is also easy and fast. Just make sure that the person who will send you the money is registered with Zelle. Using your smartphone, follow these steps:

• Log in to your account and click on Zelle in the bottom bar.
• From there, select 'Request'.
• Choose the person from your contact list or add them.
• Enter the requested amount, check it is correct and click 'Send'.

What are the Zelle limits at Wells Fargo?

The limits for sending or receiving money with Zelle vary from bank to bank. Also, the amounts change if you use a personal or business account. Generally, most customers at other banks can send $1,000 per day and up to $5,000 for the entire month.

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We understand that Wells Fargo recently raised their daily limits. In fact, you have the flexibility to send up to $3,500 each day within a $20,000 monthly cap. The amount you can send will also depend on the recipient's reputation, trading history, type of affiliated account and your transaction history.

Limits for business accounts

According to Wells Fargo, they do not limit the receipt of funds with these types of accounts. Sending may be restricted based on the policies of other banks. Although you can receive up to $10,000 daily, it appears that the limits are as indicated in the Annex.

Can I cancel a payment sent with Zelle?

Yes and no. You can cancel the transaction when the recipient of the funds has not yet registered with the service because the payment is still 'pending'. In this case, you have to go to the 'Activity' section, choose the transaction in question and click on 'Cancel payment'.

You cannot cancel the transfer if the recipient is already part of the service. This is because the money is sent directly to your account and, unlike a debit or credit card payment, there is no protection to reverse the transfer.

In addition to learning how to use Zelle with Wells Fargo, in Busconómico you can find details of this service for other banks.

Español: ¿Cómo utilizar Zelle con Wells Fargo y qué límites tiene?