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?

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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.

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84 Answers

Anonymous 0 Comments

OP, Are you from that ULPT thread?

Anonymous 0 Comments

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 ?

Anonymous 0 Comments

Oh god, imagine the scams that would take place if you could do charge backs through the app…

Anonymous 0 Comments

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 ?

Anonymous 0 Comments

This is why banks created Zelle. With Zelle they make all the rules that benefit them and absolve themselves of any responsibility. If this were within the regulated banking system, there would be protections. If you think about it, why would the banks create Zelle when there is already a system in place to move money which they use all the time.

Anonymous 0 Comments

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 ?

Anonymous 0 Comments

This is why banks created Zelle. With Zelle they make all the rules that benefit them and absolve themselves of any responsibility. If this were within the regulated banking system, there would be protections. If you think about it, why would the banks create Zelle when there is already a system in place to move money which they use all the time.

Anonymous 0 Comments

This is an important system that prevents scams. You can’t just say “i sent money by mistake”. For all they know you could be trying to scam the recipient of the money.

Anonymous 0 Comments

This is why banks created Zelle. With Zelle they make all the rules that benefit them and absolve themselves of any responsibility. If this were within the regulated banking system, there would be protections. If you think about it, why would the banks create Zelle when there is already a system in place to move money which they use all the time.

Anonymous 0 Comments

This is an important system that prevents scams. You can’t just say “i sent money by mistake”. For all they know you could be trying to scam the recipient of the money.