Zelle Peer-to-Peer Payments | Bank OZK (2024)


An eligible Bank OZK account is required. Mobile features require enrollment in online banking and mobile banking. Online Banking requires enrollment.

Availability may be affected by your mobile carrier’s coverage area. Carrier data charges may apply.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

  1. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle®.
  2. Must have a bank account in the U.S. to use Zelle®.
  3. In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle®.
  4. TRANSACTION LIMITATIONS: Debit card payments, internet bill payments, wire transfers, checks, drafts and similar orders, as well as transfers from this account to another account by pre-authorized, automatic, telephone, mobile, or online banking transfer are limited to six per statement cycle. The account will be charged $10 each statement cycle the transaction limit is exceeded. There is no transaction limit for cash withdrawals made at an ATM or in person at one of our branches.

Apple, the Apple logo, iPhone, and iPad are trademarks of Apple Inc., registered in the U.S. and other countries and regions. App Store is a service mark of Apple Inc.

Google Play™ and the Google Play logo are trademarks of Google LLC.

Bank deposit products and services are provided by Bank OZK. Member FDIC.

Zelle Peer-to-Peer Payments | Bank OZK (2024)


Zelle Peer-to-Peer Payments | Bank OZK? ›

Find Zelle® in the Bank OZK

Bank OZK
About: The Bank OZK Story

Bank OZK roots date back to its establishment in 1903 as a small community bank in Jasper, Arkansas. However, our modern-day history began in 1979 when another small-town bank, Bank of Ozark, was purchased by our Chairman and CEO, a then 25-year-old attorney, George Gleason.
https://www.ozk.com › about
mobile app and online banking. Log in, go to "Payments" in your menu and find “Send Money with Zelle®”. Enroll with your U.S. mobile number or email address to get started. SEND: Send money fast in just a few steps.

Is Zelle a peer to peer platform? ›

Zelle is a P2P payment app created by a consortium of US banks. It's popular for its speed and wide availability. Zelle is available through a number of banks and credit unions in the US. Signing up for Zelle, users need to provide their bank account information.

What is the limit on Zelle P2P? ›

If your bank or credit union offers Zelle®, please contact them directly to learn more about their sending and receiving limits through Zelle®. If your bank or credit union does not yet offer Zelle®, your weekly send limit is $500 and your weekly receive limit is $5,000 in the Zelle® app.

Can I use Zelle to send money to my other bank account? ›

Yes, but you must use a different email address or U.S. mobile number for each bank account you enroll with Zelle®. Since this is a unique identifier that tells us where to deposit or transfer funds, you'll need a different email address or U.S. mobile number for each account you enroll with Zelle®.

What online bank works with Zelle? ›

12 online banks that use Zelle
  • Ally Bank.
  • Bank5 Connect.
  • Bank7.
  • Capital One.
  • Charles Schwab Bank.
  • CIBC U.S.
  • CIT Bank.
  • Discover® Bank.
Feb 8, 2024

What is downside of using Zelle? ›

Disadvantages of using Zelle include the potential for fraud or theft. 10 Users can also face difficulties, such as not receiving their funds if the app or banks experience technical problems. Outages can affect money transfers.

What type of payment is Zelle considered? ›

Zelle® is a fast, safe and easy way to send money to, and receive money from, people and eligible small businesses you know and trust who have a bank account in the U.S. -- typically in minutes when both sender and receiver are already enrolled with Zelle® at their financial institution or in the Zelle® app 1.

How do you tell if someone is scamming you with Zelle? ›

Common signs of a Zelle scam
  1. Financial institution impersonators. A scammer pretends to be from a bank or credit union and claims they need updated account information or to verify a transaction, with the goal of getting you to click on a link.
  2. Business account scam. ...
  3. Refund scams.
Nov 20, 2023

Does Zelle report to IRS? ›

Eligible small businesses can use Zelle® to send and receive money. Zelle® does not report transactions made on the Zelle Network® to the IRS, including payments made for the sale of goods and services.

What bank has the highest Zelle limit? ›

Bank of America: Up to $3,500. Chase: Up to $10,000. TD Bank: $1,000 for instant transfers and $2,500 for scheduled transfers. Citi®: $500 for new enrollment accounts and up to $5,000 for existing accounts.

Can I send $5000 through Zelle? ›

FAQs. Can I send $5,000 through Zelle? Most banks have daily sending limits that are less than $5,000. You can split up a $5,000 payment into transactions on multiple days to adhere to their limits.

Can I receive money from Zelle without a bank account? ›

No, you cannot directly use Zelle without a bank account. Zelle is a service that allows users to send and receive money directly between bank accounts in the United States. At least one side of the transaction, either the sender or the receiver, must have access to Zelle through their bank or credit union.

How much does Zelle charge per transaction? ›

Are there any fees to send money using Zelle®? Zelle® doesn't charge a fee to send or receive money. We recommend confirming with your bank or credit union that there are no fees for Zelle® transactions. Was this helpful?

Do all bank accounts accept Zelle? ›

What Banks Use Zelle? Zelle is compatible with nearly all major banks, and most even have the service integrated into their mobile banking app. Consumers who download Zelle's standalone app must provide a phone number or email and debit card information to be able to receive and send funds.

Does Zelle work with cash App? ›

You can't send money to Cash App through Zelle, but you can link a bank account as a workaround. Link the same bank account to your Zelle and Cash App accounts. Transfer your Cash App balance to your bank account, and then send that balance with Zelle.

Can you use Zelle with PayPal? ›

It is necessary you have in mind that Zelle and PayPal do not integrate and for this reason, you cannot directly send money from PayPal to Zelle. However, you can link both platforms to one bank account and then use the bank account as a middle man so as to make a successful transfer of money from Zelle to PayPal.

Is Venmo peer-to-peer? ›

Venmo has become one of the most popular peer-to-peer payment platforms, eventually branching out to merchant services and offering its own branded credit card.

What is a peer-to-peer payment app? ›

Peer-to-peer payments, also known as P2P payments or person-to-person payments, let you transfer funds from your account to another person's bank account or to their preferred peer-to-peer payment app instantly.

What is a peer-to-peer platform? ›

Peer-to-peer services (P2P) are platforms where two parties may connect directly to engage in a transaction. On P2P platforms, technology plays a role in matching buyers and sellers, where a third-party intermediary may have previously played a role.

What is an example of a peer-to-peer transaction? ›

P2P systems facilitate money transfers between people typically through a website or mobile app. Popular digital apps, such as PayPal, Venmo and Zelle for example, aim to make the life of users easier by allowing them to send or receive money to and from another person's bank account without an intermediator.


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