USAA is one of the financial institutions that Is involved with a wide range of investment and insurance products as well as other banking activities. With USAA you can send and receive money from any account in the United States.
However, this article is going to be focusing on the USAA transfer limit among other issues. I will show you how to transfer money with USAA, how to increase your USAA transfer limit and so much more.
Before we get into the details of the USAA transfer limit, let us see how you can open an account with USAA. This is necessary because you can not transfer money on USAA without first having an account. So take your glass and relax as you ride with me through the article.
Requirements To Open USAA account
Let us quickly see the requirement needed to open a USAA Savings and checking account before we dive into the topic properly. The following are required of you to open a bank account with USAA which will then open the way towards transferring money with USAA.
- You must be 18 years and above.
- Must have an SSN.
- You just either be a citizen of the United States or a resident there.
- Provide a Valid email address and a US phone number.
- Minimum deposit of $25.
- A government-issued identity.
How To Open USAA Account
Remember we said earlier that you can not transfer money with USAA when you do not have a USAA account? So, let us see how to open a USAA account before we move on to see the USAA transfer limit.
You can open a USAA account by visiting the branch near you or online by visiting the official website of USAA. Click on Savings or Checking account. Tap on Get Started and enter the required information. A verification email will be sent to you. Confirm the email to continue and complete the process following every prompt.
Your account number as well as other information will be sent to you via email or phone number. With this, you can go ahead to send money with USAA.
How Can I Transfer Money From My USAA Account?
To transfer money from the USAA bank account to any other account, you must use the services of USAA Zelle. And by implication, you must open a Zelle account and proceed to send the fund using the steps below.
- Log in to your USAA account either on the mobile app or on the USAA online banking center.
- Click on Send.
- Tap Send money with Zelle
- Enter the email address or phone number of the recipient or choose from your contact list.
- Enter the amount that you will like to send and click Send.
So with this, you have successfully transferred money from your USAA to the recipient. Another question at this juncture is “are there limits to how much I can transfer with USAA?) See the answer to that in the next paragraph.
Are There USAA Transfer Limits?
Yes, there are USAA transfer limits. This is the total amount of money that you are allowed to send or transfer from your USAA account at a particular time. The limit is divided into the maximum limit and minimum and each has different categories.
There are several reasons for placing the USAA transfer limit most prominent among which is security. The limits are placed to help secure your funds in times of theft or scams. In such a time, the robbers would not be able to withdraw so much money from your account as they will be bound by the USAA transfer limits.
Another reason for the USAA limit could also be to obey the policies of the government that binds the circulation of funds in the country. Hence there is so much you are allowed to transfer each day, week, or month.
What Are The USAA Transfer Limits?
Talking about the maximum transfer limits of the USAA, there are different categories to it and the limit of each category differs from the other.
Therefore, we are going to be discussing the USAA daily transfer limit, weekly limits as well as monthly limits in the paragraphs that follow. So read on.
USAA Transfer Limit Per Day
Let us begin with the USAA transfer limit for each day. Remember that to transfer money with USAA, you have to use the services of Zelle. Therefore the USAA daily transfer limit is $1000 each day. You can not send more than one thousand dollars from your checking or USAA if it is a domestic transfer.
Also, you are restricted to a limit of 3 transactions daily. Let me explain what that means. The limit is $1000. Therefore the total of all your 3 transactions daily should not exceed that amount. If however, you have completed 3 transactions and it’s not up to $1000, you will not be allowed to make further transfers.
Weekly USAA Transfer Limit
Just as there are daily USAA transfer limits as explained above, there are also weekly limits. This means the maximum amount of money that you are allowed to send in 7 days. The USAA weekly transfer limit is $2500. As you have a maximum of 21 transactions per week.
And as explained above, this means that the total of your 21 transactions should not exceed $2500. And if you have completed 21 transactions and the total is not up to that amount, you will not also be allowed to continue.
USAA Transfer Limit Per Month
The monthly USAA transfer limit is the maximum amount you are allowed to transfer in a 30-day rolling period. The monthly USAA transfer limit is $10,000. And you have a maximum of 90 transactions within that period which can not be exceeded.
USAA Transfer Limit For Wire Transfers
Another category of the USAA transfer limit is the wire transfer. And by this, we are referring to the highest amount of money that you are allowed to transfer to another country. The maximum USAA wire transfer limit is $10,000.
Note that you can not initiate or carry out wire transfers using the method discussed above in this post. You will have to visit the bank or call customer service to request 3:30 PM each weekday.
What Is The Minimum USAA Transfer Limit?
The minimum USAA transfer limit is $1. You can not send less than $1 for each transaction no matter the category or type of transfer that you intend to make.
When Do The USAA Transfer Limits Reset?
If you want to make further transfers after exceeding your USAA transfer limit, the best thing to do is to wait till your limit resets.
The daily limit is usually reset at midnight every day. In the same vein, the weekly limit resets at the beginning of a new week. So also dies the monthly limit reset at the end of 30 days.
Can I Increase My USAA Transfer Limit?
If you can not wait for your limit to reset, you might want to consider increasing your daily, weekly, or monthly limits. Unfortunately, however, there are no laid down steps on how you can increase your USAA transfer limits.
Nonetheless, there might be some possibilities of doing so if you continue reading.
How To Increase My USAA Transfer Limit
You can increase your USAA transfer limit by contacting the customer service department of the bank. There are various ways of doing this.
- Visit the USAA branch nearest to you.
- Visit the official USAA website.
- Call any of the following numbers. 800-531-8555, 210-531-8722, or 800-531-8722.
This article has given a comprehensive explanation of the various categories of USAA transfer limits. So go through them and get acquainted with each of them before you initiate a transfer.