Unlike venmo, money transferred using zelle moves directly from one bank account to another.
Report Zelle Fraud Bank Of America. The banker i spoke with was not surprised at all. Mcwilliams reported the theft to a banker at his local branch, and wells fargo refunded his loss.
Damon lander runs a university biology lab at miami university's middletown campus. All you need to send money to someone is their email but the fundamental difference here is that zelle is backed by over 30 of the biggest banks: I've only used it a couple of times for small amounts and had no there were also several news reports this spring about hackers taking over bank accounts, signing up for bank of america doesn't care too much if their retail customers have to eat some fraud losses.
Call bank of america directly to report the fraud.
.i never used zelle before, and i can tell you i never will again for this very reason. In other words, they don't have the responsibility to reverse payments in a fraud situation, but it doesn't say. All bank of america employees must complete information protection training annually. Zelle, the digital payment service embedded in many banking apps, has made it easier for thieves to access funds in customers' accounts, experts say.