Capital One Bank is one of the biggest banks in the United States, and if you understand how Zelle works, you should know that all the big banks have it. However, the question here isn’t whether or not Capital One has Zelle, it’s if it has limits for transactions with Zelle.
For the uninitiated, Zelle isn’t like Venmo or Cash App in the sense that it doesn’t offer the same limits to all users. Since your usage of Zelle depends on the bank you have an account with, all of the banks that support the quick payment service have different limits.
In this article, I’ll show you how to use Zelle with Capital One Bank and some important information you should have about the link. In addition to that, I’ll also answer the question: “does Capital One have Zelle limit?” which is the point of the entire article.
Is Zelle Available with Capital One?
While everyone can use Zelle, even without a bank account with a supported bank, certain banks have partnerships with the service, which just makes things a lot easier.
With Capital One being unarguably one of the biggest banks in the United States, it would be very surprising if Zelle wasn’t natively available with the bank. As you could already guess, Capital One has Zelle, and you can make instant transfers and receive money from other Zelle users across the United States.
If you send and receive money using your bank account pretty often, it’s almost always worth it to sign up with the Zelle service. Given that signing up is completely free and you have nothing to lose, you should put in the five minutes to enroll your account on the Zelle network.
And that brings us to another crucial part of the discussion: how do you set up Capital One with Zelle? The following section will show you all you need to know.
How to Use Zelle with Capital One
Before you should start caring about Zelle limits, it makes sense to create a valid account using your Capital One bank account first. Since Capital One is one of the banks that pioneered the Zelle service, you can rest assured that the process of starting up with Zelle is very straightforward.
You can head over to the Google Play Store if you have an Android phone, or to the App Store if you have an iPhone. When you get there, search for “Zelle” and download the first app that comes up. During the registration process, you can select Capital One as your bank and follow the necessary prompts to link your account.
However, Capital One Bank offers customers an easier way to achieve the same objective. Instead of opening apps and breezing through registration pages, simply text “MOBILE” to 80101 and the bank will respond with a link to download the Capital One mobile app.
Sign in to the app after downloading and you’ll automatically have a Zelle account. To use it, you can tap any of your checking accounts with available funds and you’ll see the option to send money with Zelle. However, this is assuming you want the Capital One app on your smartphone in the first place.
If you want to achieve the same objective without necessarily installing the Capital One app on your device, you can use the Capital One website at capitalone.com. You can sign in to your account, just as you would if you were using the mobile app and the “Send Money With Zelle” option should be waiting for you.
Does Capital One Have Zelle Limit?
Just like with every other bank that processes payments for eligible customers using Zelle, there are some associated limits with using your Capital One account to transfer money using Zelle. Since you can use Zelle for a couple of things, there are appropriate limits for each.
To be clear, Capital One is one of the groups of banks claiming ownership of the Zelle service. For that reason, you can already expect them to have better limits than other banks that only use Zelle as a partner, and yes, they do.
Here are some of the limits you should care about when using Zelle with Capital One Bank.
- Sending Limits
Sending money using the “Send Money With Zelle” option on the Capital One mobile app and website is free but limited, as you’d expect. Users can only send up to $2,000 per day using the Zelle payment option with Capital One bank. The monthly limit is also capped at $10,000.
While the limits seem someone uncomfortable, you’ll appreciate them better when you understand they’re put in place to protect you. When you send money on Zelle, you can’t cancel the payment; and losing $2,000 is much better than losing $20,000, isn’t it?
- Receiving Limits
Another category of banking transactions that payment services like to limit for no reason is incoming transfers. While we understand that sending limits exist to prevent us from sending too much money to a stranger without an undo option, why would there be limits on how much you can receive?
Fortunately, there isn’t. You can receive as much money as people are willing to send to you on Zelle every day. If you receive too much money, however, your bank may have to declare it to the appropriate government agencies, but in the long run, there shouldn’t be any issues on your side.
Limits with transactions on services like Zelle is normal; we’ve seen the same with similar payment apps like Cash App and Venmo. Since there are different limits for different banks with Zelle, I’m answering the question: “does Capital One have Zelle limit?”
And it turns out that it does. This article has explained all you need to know about Zelle limits with Capital One bank and how to set the service up for quicker payments in the first place.