Zelle a peer-to-peer payment app has been gaining traction as an alternative way for people across America communicate instantly without relying on third party services like Western Union or Money Gram (which charge hefty fees).
Walmart to walmart is a great alternative to make transfers at low fees within the USA. With zelle however with just one touch of their phones they can sent funds back & forth between each other at no cost whatsoever – making this new technology more convenient than ever before. Read on to find out more.
Chase Zelle Limits With Quickpay & Transfer Maximum:
There is no limit to how much you can receive however, the limit to the amount of money you can send depends on the type of your JP Morgan Chase bank account. Below we detail the different types of chase bank accounts that offer the Zelle service and their respective transfer limits:
Chase Personal Checking Account
The maximum amount per single transaction from a chase personal checking bank account using Zelle quickpay is $2,000. You can send up to $2,000 per day without exceeding $16,000 within a month.
Business Checking Account
Maximum amount per The maximum amount per single transaction from a chase business checking bank account using Zelle quickpay is $5,000. You can send up to $5,000 in a day without exceeding $40,000 within a month.
Chase Private Banking Account
The maximum amount allowed per single transaction from a chase private bank account is $5,000. You can send up to $5,000 per day without exceeding $40,000 per month. Sending and receiving money via Chase QuickPay with Zelle is free. The only expense you will incur is the data usage fee charged by your mobile carrier.
Chase QuickPay with Zelle is a P2P (person-to-person) money transfer service offered by Chase Bank for free alongside their other services which include:
- Credit Cards
- Debit cards
- Business checking accounts
- Standard checking accounts
- Savings accounts
- Loans including; home, commercial and auto
Zelle is a digital payment system & gateway for P2P money transfers. Zelle has partnered with major banks in the US including Chase Bank, to provide account holders convenient means to send and receive money through its mobile app.
Although Chase QuickPay with Zelle caters to Chase Bank account holders, it is possible to send money to recipients who do not have existing accounts. They just need to create a Zelle account to be able to access the funds sent to them. The service also for business accounts with the zelle for business chase service.
Many users confuse the app with Chase Pay, which enables users to pay via their phones at accredited retailers. Please note that you cannot use Chase QuickPay with Zelle to redeem your Chase Ultimate Rewards or Chase Preferred points for purchases such as the chase dell offer.
How To Increase Zelle Limit With Chase Bank
The first thing you will need to clarify is whether your bank supports Zelle. If they do not offer the service directly there is a hard weekly limit of $500. If they do partner with the service each bank offers different limits and sometimes these are negotiable based on your circumstances. Chase bank is no different. The best way to find out what your limit is and how to increase your Zelle limit with Chase is to call their customer service directly.
Setting Up a New Chase QuickPay With Zelle Account
The Chase QuickPay with Zelle is incorporated in the JP Morgan Chase Bank’s mobile app so you need to be an account holder to be able to access the P2P money transfer service.
To start using Chase QuickPay with Zelle, follow these steps:
- Go to the Chase website and sign in your username and password.
- Click “Pay & transfer” and select “Chase QuickPay with Zelle” from the menu.
- Read the service agreement and privacy notice and click accept.
- A one-time code will be sent to your email or mobile phone to verify your email address or mobile phone number.
- Choose the Chase Liquid card or checking account you intend to use for your Chase QuickPay with Zelle transactions.
- After enrolling your account, you are all set to send, receive, or request money via Chase QuickPay.
Sending & Requesting Money Via Chase QuickPay With Zelle
Access JP Morgan Chase QuickPay with Zelle on you Chase mobile banking app then do the following steps to send or request money:
To send money:
- Open your Chase Mobile app and sign in.
- Click “QuickPay with Zelle” and choose “Send Money” from the dropdown menu.
- Choose an existing recipient or create an account for another. (enter the email address or mobile phone number).
- Review the payment details. (Recipient’s information and transaction amount)
- Click “Send Money”
To request money:
- Open your Chase Mobile app and sign in.
- Click “QuickPay with Zelle” and tap “Request and Split Money”
- Select a contact or add a new one
- Enter the request information
- Click “Request Money”
Once the transaction is completed, you will receive a notification and instructions will be sent to your recipient on how to claim the funds. If you are on the receiving end, the sender will be notified once the transfer is completed.
How Long Does It Take For The Money To Get Transferred Via Chase QuickPay?
If your recipient is a Chase Bank account holder, the money will be transferred within minutes, or within the following business day. If your recipient is an account holder of another Zelle partner bank, the transaction will be completed in a matter of minutes. If not, the money can be claimed within one to two business days.
If your recipient’s bank is not one of Zelle’s partners, the money will be ready within one to two days. Of course, it would depend on his/her bank’s money transfer processing time. If your recipient uses the Zelle app, the funds will be available right after you send it. For inquiries regarding your transaction, you can call 877-242-7372 in the U.S. or 713-262-3300 outside the U.S. Zelle also works with Chase business banking and private banking.
Frequently asked questions
Can you use Chase QuickPay with Zelle to pay for your living expenses such as electricity, phone bills, credit card bills, or rent? No, because the service is limited to peer-to-peer transactions. However, you can use Chase Online Bill Pay to pay for recurring personal expenses.
Is Chase QuickPay With Zelle Safe To Use?
Yes, your recipients will not see your account number nor will they see yours. As with any peer-to-peer money transfer service, you must take the necessary fraud protection precautions when sending money. Make sure to transact with people you know. If you are sending payment to someone who is selling online, make sure to verify the validity of your recipient’s identity or business.
Note this disclaimer posted on Chase website:
“Make sure you send money to people you know and trust in order to avoid scams and protect your account. We don’t protect or cover purchases if you use QuickPay to pay for goods or services.”