Everything You Need To Know About Sending Money Within the US With Zolve
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Everything You Need To Know About Sending Money Within the US With Zolve

Moumita Basu

In today’s technologically-driven world, transferring money by cash, check, bank draft, or money order will make anyone feel like they have traveled back into the dark ages. While these traditional methods may appear less popular, especially in the presence of instant money transfer apps like Venmo, Zelle, or CashApp, that doesn't mean the old ways are not still viable options. Additionally, if cost is a pain point for you, there are inexpensive ways of transferring money, and the cheapest method may vary depending upon your circumstances.

In this blog,  we will try to give you a good idea of what to expect and how Zolve plays a role in making the process easier for you. Read on to learn more about using Zolve to transfer money within the US and how you can make the most of your money!

How do money transfers work in the US?

Image Credit: Zolve

If you are moving to the US soon or have just moved there and want to know how domestic transfers work, here is everything you need to know. There are three ways to transfer money:


An ACH (automated clearing house) is an electronic payment method made between banks for payment purposes. It enables day-to-day transactions and usually takes 2-3 business days to process your money to the receiving bank. With ACH transfer, you incur zero fees, and it comes with an inward limit of $65000 monthly and an outer limit of $10000/monthly and daily.

ACH bank transfers are used for many purposes, such as direct deposits of paychecks, debts for regular payments, and money transfers. To do an ACH transfer, you will need to provide the account holder's name, the routing number, the ABA number, the account number, and the amount to be transferred.

How does Zolve fit in?

Since Zolve supports outgoing ACH transfers, all you need to do is:

  • Go to Bank - > My cards -> Select Credit card -> Pay Now
  • Click on Link New Account
  • Select Zolve Direct / Zolve Micro

For Zolve Micro:

  • Select the external bank
  • Enter the external bank account number and ACH routing number
  • Zolve would then make two micro deposits of less than $1 on the external account in 24-48 hours
  • The user has to verify the receipt of the micro-deposits on the Zolve app
  • Once it is confirmed, the account gets linked

P2P payments

P2P, or peer-to-peer transfer, is a process through which the user can instantly transfer funds from his bank account to another individual's account. In layman’s terms, P2P payments are used in apps where users can send and receive money from their mobile devices through a linked bank account or card.

For this kind of transfer, you don’t need to incur any extra cost, and the daily limit is set at $10,000/ day and $45/000 a month.

Wire transfers

Wire transfers usually help transfer large sums of money from one account to another. It usually takes 2-3 days, and you have to pay a charge of $15 - $25 as charges with the source bank. It has an inward limit of $65,000 monthly and daily.

How does Zolve fit in?

Since Zolve accepts both ACH and Wire for incoming transfers, all you need to do is follow these three simple steps:

Go to the external account

  • Add Zolve account as “Payee”
  • Enter Zolve checking account number and ACH/WIRE routing number (ACH 026073150/ WIRE 026073008)

IMPORTANT: Remember that the ACH Routing number is essential for every successful transaction.

Additionally, keep in mind that it usually takes 2-3 business days to receive the amount in the Zolve account.

Why choose Zolve as your money transfer partner?

Lowest exchange rate

We pride ourselves on transparency in all matters. Zolve has partnered with WISE and SBM to allow users the least and the most transparent exchange rates. Hence, it applies to exchange rates in domestic and international money transfers.

No hidden charges

We at Zolve assure that our customers are not paying any hidden charges in tax, conversion fees, etc. We assure that the total amount is credited to the receiver’s account with its zero-fee from India to US transfer and most nominal charges on the U.S to India transfer.

Speed is the key

Nobody wants to wait for a long time. In India, we are accustomed to receiving money in a few seconds. But the banking system in the US works differently. Keeping this in mind, Zolve has re-engineered banking, so customers don’t have to wait an extended period. With Zolve, your money will be transferred overseas within minutes.

High-limit transactions

Banks in the US usually have a limit on transactions. With Zolve, we offer the best in market offers and limit so that you can transfer quickly.

Putting security first

At Zolve, we take utmost care about your money and its security. With Zolve, your account is FDIC insured for up to $250000.

So what are you waiting for? When choosing the right partner, sending or receiving money across international borders is relatively easy. Install the Zolve app today and begin with the best-in-class money transfer today!