Capital One customers have a reason to rejoice – the bank is fully integrated with Zelle, a popular money transfer service. With Zelle, you can easily send money to anyone, even if they don’t have a Zelle account. In addition, Capital One offers higher daily limits compared to other banks. In this comprehensive guide, we will walk you through the steps of using Zelle with Capital One, whether you prefer the convenience of the mobile app or the ease of online banking on your desktop.
Using Zelle on the Capital One Mobile App
While it is not necessary to have the Capital One app to use Zelle, it certainly makes the process much simpler. To get started, you need to verify your phone number by sending a text message that says “MOBILE” to 80101. Once verified, you will receive a link to download the app. Follow these steps to use Zelle on the Capital One mobile app:
- Sign in to the Capital One app using your credentials.
- Select the checking account you want to use for the transaction.
- Choose the “Send Money With Zelle” option.
- Enter the necessary details, such as the amount of money and the recipient’s name.
- Follow the prompts to complete the transaction.
If you prefer using online banking on a browser, the process is similar. Simply look for the Zelle Transfer logo or tab and follow the instructions to send money using Zelle.
Using Zelle on Desktop
If you prefer using your desktop computer for online banking, you can still use Zelle with Capital One. Here’s how:
- Go to the Capital One website (capitalone.com).
- Sign in to your account using your credentials.
- Select the checking account you want to use.
- Click on the “Send Money With Zelle” option.
- Enter the required details, such as the amount to be sent and the recipient’s information.
- Follow the prompts to complete the transaction.
To ensure accuracy, you can always review your account history to verify the details of your past transactions.
Is This Service Free?
Yes, using Zelle with Capital One is completely free. As one of the founding owners of Zelle, Capital One designed the service to eliminate the need for routing numbers and account numbers. However, you may need to connect your mobile phone number with your account to receive verification messages.
Are There Any Limits?
While Zelle is a convenient way to send money, it is important to note that it is not intended for large transactions, such as purchasing a car. The limits imposed by Zelle apply only to the money being sent, not the money being received. As a joint owner of Zelle, Capital One offers higher limits compared to other banks. Currently, the daily limit for Capital One customers is $2000, and the monthly limit is $10,000. However, keep in mind that these limits are subject to change, and banks have the authority to modify them at any time. As a Capital One account holder, you will be notified of any changes in advance.
How Fast Is This Service?
Zelle is known for its speed and efficiency when it comes to transferring money. If both the sender and the recipient have Zelle accounts, the transaction can be completed within minutes. The best part is that there are no additional fees for instant transfers, making it comparable to the traditional ACH transfer.
However, if the recipient doesn’t have a Zelle account, they may need to create one to receive the money. In this case, it may take a couple of business days for the money to be available in their account. Nevertheless, Zelle remains one of the fastest and easiest ways to send money in the United States, making it ideal for situations where you need to quickly transfer funds to a friend, relative, or even your landlord.
Conclusion
Zelle has gained popularity as a convenient and reliable money transfer service, and Capital One customers can take full advantage of its benefits. Whether you prefer using the Capital One mobile app or online banking on your desktop, Zelle offers a seamless experience for sending money. With higher daily limits and the ability to send money to anyone, even without a Zelle account, Capital One customers can enjoy the convenience and speed of Zelle. So why not give it a try and experience the ease of sending money with Zelle and Capital One?
Have you tried Zelle with Capital One? We would love to hear about your experience in the comments section below!
