Are you sweating out in your search for the Bank Of America Zelle fees? Then you need not struggle to get them anymore as this article has explained everything you need about the Bank Of America Zelle as well as the fees. So read attentively as we start.
What Is Zelle? Zelle is a US-based banking institution that allows individuals to send money from the US bank account to another US registered bank account electronically. This can be done using the mobile app or website of the banking institution.
Zelle works by connecting with banking institutions that partner with it to make sure that transfers are fast, easy, and safe. And it is in this light, that we want to discuss Bank Of America Zelle fees.
Is Bank Of America Zelle Accepted?
Yes, Bank Of America Zelle is accepted. In 2021, Bank Of America announced that it has launched a Zelle widget that allows users who have registered with the institution to send and frequent funds through the peer-to-peer payment platform easily.
This can be done on the Zelle mobile app as well as the Bank of America app or online banking center. However one needs to enroll with Zelle to use this service. Before we proceed to see the Bank Of America Zelle fees, let us see how to send and receive money with Bank Of America Zelle.
How To Send Money With Bank Of America Zelle
Sending money with Bank Of America Zelle is very easy. It is one of those features that makes online banking very convenient as in a matter of a few minutes, your funds would have been sent successfully. However, you will need to begin the process by enrolling with Zelle on their website.
Enrolment is free and fast as well. All you need is your US phone number and email address. After you have done that successfully, you can now proceed to your Bank of America mobile app or Bank Of America Online banking to send money using the steps below.
- Log in to your Bank Of America online banking account or mobile app.
- Click on “Transfer| Zelle®” on the homepage.
- On the next page, tap “Send”
- Select to add a recipient.
- Enter the amount of money that you would love to send.
- Select your funding account.
- Include a sending note (this is optional)
- Click on Send to complete the process.
Viola! You successfully sent money with Bank of America Zelle. I believe you will agree with me that it was pretty easy. Now let us see how to receive money.
How To Receive Money With Bank Of America Zelle
As a part of its major functions, you can also receive money with Bank of America Zelle. It is easy, fast, and convenient as well. And just like you do with sending money on Bank of America Zelle, you would also need to enroll with them to receive money.
And of course, to enroll with them, you must have the basic requirement including an active United States phone number and a valid email address. When the account has been opened successfully, you can now go ahead and receive money with Bank Of America Zelle using the following steps.
- Sign in to your Bank Of America online banking account or mobile app.
- Tap on “Transfer | Zelle®” on the opening page.
- On the next page, tap Settings.
- This will open you up to a menu. On that menu, select “Manage Settings”.
- Follow the instructions as you will be prompted on the screen.
- Check your text message inbox or email for a one-time confirmation code that will be sent to you.
After doing all of these, the money will be sent directly into your Bank Of America account. And in a matter of a few minutes, you will receive the money. And when someone else sends you money, it will be available in your account. I know you would like to know the fees charged for this service. Don’t worry, we got you covered so continue reading.
Bank Of America Zelle Fees
So after seeing that using Bank of America Zelle is easy and fast, especially as it involves sending and receiving money, one may be interested in the fees that are charged for these services. Let us see the Bank of America Zelle fees as we proceed in this section of the post.
Here we will see the Bank Of America Zelle fees for mobile banking, online banking, sending and receiving money as well as the fears for direct deposits. So follow me as we move on.
What Are The Bank Of America Zelle Fees For Online And Mobile Banking?
Let’s begin by seeing the Bank of America Zelle fees for online and mobile banking. If you are using Zelle with your bank of America online banking account or on the mobile app, you may be thinking that you will be charged a fee as it is with some other banks or finance applications. However, I have good news for you.
With Zelle, there are no fees for using Bank Of America Zelle with online or mobile banking. It is totally free. Any money that you will be charged will be the regular Bank of America fees and not peculiar to the use of Zelle.
Then someone would ask what if it is on the Bank Of America mobile app? See the fees below.
Bank Of America Zelle Fees For Sending And Receiving Money
Just as we started above with mobile and online banking, there are no fees for sending and receiving money with Bank Of America Zelle. What this means is that Zelle does not charge a fee for using its service. However, your bank (Bank Of America) might charge you for doing so.
Bank Of America Zelle Fees For Direct Deposit
Not so many people are aware that you can carry out Direct Deposits with Bank Of America Zelle. It is very possible to do Direct Deposit with Zelle through Bank of America and it is also easy and fast. And this is done at no cost.
That is to say, there are no fees for using Bank Of America Zelle for a direct deposit just as it is with other services of Zelle.
With all of these stated, note that as much as there are no Bank Of America Zelle fees, Bank Of America has stipulated fees for some of their services. So visit the bank of America official website to inquire about the fees or contact Bank of America.
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How To Contact Bank Of America
To inquire about the charges attached to each transaction on the Bank Of America,
- Visit bankofamerica.com
- Call 009 1 315-724-4022.
Conclusion
So far you have seen that there are no Bank Of America Zelle fees for any of the transactions (sending and receiving money) either on the mobile app or online banking. However, you may be charged regular fees for sending and receiving money by your bank. Hence the need to contact your bank using the link or phone number above.