To Support House with a Heart on a Monthly Basis,
House with a Heart has a Zelle account and depending on your bank, it may offer you the option to setup a recurring donation to House with a Heart.
Our Zelle email is [email protected]
How to Set Up Recurring Zelle Payments
As mentioned, the Zelle platform doesn’t have a native feature for recurring payments—you’ll have to set them up through your financial institution.
1. Check Bank Compatibility
Zelle is compatible with a long list of banks and credit unions, over 2,000 banking apps, to be exact. You’ll want to search for your bank on the Zelle site to make sure you can use its services.
2. Log into Your Banking App
Click on the name of your banking institution, and you’ll be taken directly to the website, where you can log in as you would to access online banking. On your respective platform, you can search for Zelle recurring payment options on the dashboard and enroll in the service.
3. Add a Recipient
Now, it’s time to add a recipient, whether a client or customer or a contractor or service provider. So long as the recipient is also signed up with Zelle, you can simply provide their phone number or email address.7
4. Set Up the Payment Schedule
Depending on your bank, there might be different Zelle payment schedules. There could be options including weekly, bi-weekly, semi-monthly, monthly, every other month, quarterly, semi-annually, or annually, where you can select a specific date.8
5. Confirm and Save
The most important part is to check and double-check that you’ve input the correct information and set up the correct payment schedule. This will prevent any mishaps, like sending payments to the wrong person or taking money out of an account at an incorrect date.
Managing Recurring Zelle Payments
If you ever need to edit or cancel a recurring payment, banking apps make it seamless to do this as well.
Editing a Recurring Payment
Perhaps you’ve changed the terms of your contract, or a customer prefers a different payment schedule. Start by navigating to the recurring payments section on your banking platform or app, then select the payment you want to edit. From there, you can update the details and save your changes.
Canceling a Recurring Payment
Canceling works similarly, but is a lot more straightforward. From the recurring payments section, select the payment you want to cancel and confirm the cancellation. This should stop all future payments immediately.
Limitations and Considerations
While Zelle is convenient and presents an easy solution for receiving and sending recurring payments, it does come with considerations, just like any other financial service.
Payment Limits: Zelle payment limits can vary depending on the institution you’re with. For example, small businesses at Bank of America, one of the nation’s top banks, have a daily limit of $15,000, a weekly limit of $45,000, and a monthly limit of $60,000. While this can be sufficient for some businesses, it might not be for others.
Bank Support: Does your bank support recurring Zelle payments as a business feature, or do they only accommodate one-time transfers to friends and family?
Fees: Zelle doesn’t charge any fees for sending and receiving money, even for businesses. However, your bank might charge their own fees, so it’s important to check before you sign up for the service.
(Internally we do not have a way to process credit cards on a regular basis)