Starting July 21, 2025, Bank of America will apply significant changes to the use of Zelle. These changes are designed to increase security and combat fraud in digital transactions.
In this regard, the most significant updates that will be implemented include stricter restrictions on transfers. Knowing what you need to know and how it will affect you is vitally important to keep using the service.
New limits for Zelle users at Bank of America
For personal accounts, Bank of America states that the daily limit will be $500. This will happen during the first 60 days after opening the account or adding a new contact. For small businesses, this daily limit will be $2,000 during that same period.
After 60 days, the limits will increase to $3,500 per day for individuals and $15,000 for businesses. These new limits are also added to other recipient restrictions.
In this case, in the first 5 days after adding a beneficiary, personal accounts will only be able to receive up to $1,000. Meanwhile, small businesses have a limit of up to $4,000.
How these Bank of America changes will affect you
The main goal of Bank of America is to strengthen security in digital transactions. The bank seeks to reduce fraud through platforms like Zelle, which allow money to be sent quickly and with little oversight.
New users or those with new contacts will need to adapt to low limits during an initial period. Meanwhile, people who rely on large money transfers will need to plan transfers in advance or split them into several transactions.
Starting July 21, continuing to use Zelle means you automatically accept these new terms. For this reason, Bank of America recommends planning your transfers with the new caps in mind, especially during the first 60 days. They also recommend adding beneficiaries only when you're sure you'll use Zelle with them.
On the other hand, if you need to send or receive larger amounts, consider alternative methods or splitting the payment over several days. In addition, checking the new Bank of America Service Agreement and reviewing cutoff times will be vital to avoid delays.