
You have a lot of ways to send and receive money online.
The Zelle App can be gone, but Zelle is still available through your bank if it belongs to the Zelle network. If you bank with chase, however, there is one New policy You should take care.
By March 23, 2025, JP Morgan Chase has reserved the right to block Zele transactions that assumes that it has originated from social media. The bank hopes that it will protect customers from scammers, who have dropped people out of hundreds of crores of dollars.
Fortunately, there are many ways to send and receive money digitally. What should you know here?
Read more: Do not be fool
Why Chase Zele will block social media allegations
Zelle and other digital payments app, such as Venom and Cash apps, make their money easier for scammers, and many scammers target people on social media. As FollowAbout 50% of the fraud report came from 1 June 2024, from 31 December, 2024, on social media.
The December 2024 trial by the Consumer Financial Protection Bureau alleged that customers in JP Morgan Chase, Bank of America and Wales Fargo damaged more than $ 870 million through Zel payment since the app launched in 2017. While recently CFPB Surite droppedIt still raises the alarm that customers are at risk using a digital payment app. And because the zel does not provide any purchase protection, once you send your money to the app, you are unlikely to bring it back.
With his new policy, Chase hopes before he stops fraud. It was updated Zele service agreement It will allow it to reject or block the payment generated on social media. Bank payment may be delayed, so it may request information to certify the transaction, such as verifying your identity, sender or recipient’s identity and payment details.
Other methods can send money customers safely
If you want to send or receive money through your chase account, there are many safe ways to do so. Chase partners with many Other digital payment servicesSuch as PayPal, Apple Pay, Google Pay, Samsung Pay and Page.
You should never send money to someone you do not know and believe through the payment app. It also helps to know the signs of a scam so that you can avoid falling into the trap of fraud.
Standalone Zel Mobile App closed on 1 April.