Zelle Change

[DWalt]

I am not a Zelle user, and know next to nothing about how it works, beyond that it's a money transfer service and is a favorite of swindlers and scammers. Apparently Zelle has added a safeguard to prevent money transfers between users directly, and everything now must go through a participating bank or credit union. This is something I stumbled across today that may, or may not, be of general interest. At any rate, I have no current inclination to use Zelle, even with safeguards.
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I know scammers sometimes do a Zelle transfer from a bank, but Zelle is ceasing person to person transfers on April 1.​

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Hello,

As a valued Zelle user, we want to remind you about an upcoming change to the Zelle app. Effective April 1, 2025, you will no longer be able to send or receive money through the app. In order to continue sending or receiving money with Zelle, you should enroll through one of the more than 2,200 banks and credit unions that offers Zelle through their mobile app or online banking.

This is the same change to the standalone Zelle app that we have communicated with you about in previous messages and was initially announced

Enrolling in Zelle is easy!

Review our ever-growing list of banks and credit unions to see if yours offers Zelle. Follow the enrollment steps and you’ll be able to easily send and receive money with friends, family and those you trust using Zelle through your bank or credit union’s mobile app.

 

[bigggbbruce]

I received money the other day. He had to deal directly with the bank and needed my phone, email and full name.

 

[LVSteve]

I wonder how many governments had threatened to ban them based on various money laundering and organized crime laws.

 

[glenwolde]

I never used the stand-alone app. But I use Zelle all the time through my bank. Most banks have it. I prefer it to other transfer services because it is owned by a consortium of the banks that offer it and not some questionable third-party. Scammers like it because it's irreversible. Of course if you're a seller receiving funds that's a good thing. But if you have a problem you deal with your bank, not some third party. But it's still a problem getting your money back if you send it to a scammer. There is an extremely limited amount of time available to stop it.