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You're limited to $3000/day with Zelle and forced to use the much slower ACH or otherwise pay ~$25 for a wire transfer.
by random3 7y ago
You're limited to $3000/day with Zelle and forced to use the much slower ACH or otherwise pay ~$25 for a wire transfer.
- toomuchtodo 7y agoFor transactions over those limits, you can break the payments up over several days. Wires are infrequent enough to disregard the fee (real estate transactions or similar). I don’t know many folks moving more than $3k/day to be honest. I don’t disagree though that Fed ACH modernization efforts need to pick up the pace, as Zelle is a shim until federal payment infra is up to par with Europe.