Bank sends wrong person $ and it immediately has to be returned or charged will be filed. If I Zelle the wrong person, I am straight SOL. Why the difference?

Question

Exactly what title says, why is there no way to recoup zelle definitely or wire transfer(maybe?) but if banks send money to wrong person there are severe penalties for not returning.

In: 650

Answer 1

Excuse me what ? When you send money through Zelle you don’t have to put a password to allow the money to go through ?

Free for everyone to use fuckin Interac Transfer up here in Canada has the most BASIC security on it.

Don’t you guys have to pay for Zelle on top of that ?