Select a category below and then complete the form to report the scam. You can access Zelle through a participating bank's website or app or download it from the iOS or App Store. How does Zelle protect my personal information? Zelle and the Zelle marks used herein are trademarks of Early Warning Services, LLC. Because money moves quickly - directly into the recipient's bank account typically within minutes1. In other words, if you purchase something online and use Zelle to pay for it, you have no recourse if you never receive the item you paid for. Please note the above-listed rights are subject to certain exceptions. In order to comply with California law, the following applies if your account has a California mailing address. In order to make a payment request to one or more U.S. mobile numbers, the mobile numbers must already be enrolled with Zelle. Under certain circumstances, we may not be able to correct your information because we have a legal obligation or other reason in which we must retain it in its current state (e.g., the nature of the data, the source of the data, to comply with law). Catfishing or romance scams are also increasing in frequency. "And additionally, anyone can register with Zelle. If you sent multiple payments to the recipient, you will need to complete a form for each payment. By using the Zelle app, you expressly consent to our collection, use, disclosure, and retention of your personal information as described in this Privacy Notice. As a photographer, Dave has photographed wolves in their natural environment; he's also a scuba instructor and co-host of several podcasts. She is trained in digital and website accessibility and plain language, and is a member of ACES: The Society for Editing and the Center for Plain Language. When comparing offers or services, verify relevant information with the institution or provider's site. Please submit your request and the required verifying information by either: We will acknowledge receipt of your request and let you know how long we expect it will take us to complete your request (typically 45 days or less for most requests.). This is also useful if you need to check a branchs location or opening hours. Restrict Nonpublic Personal Information Shared with Non-affiliated Third Parties. The pandemic normalized contactless payments, anddigital walletoptions have popped up everywhere, including places that used to only accept cashlike farm stands, garage sales and even your babysitter. These include: IBANs are not used in the United States, but banks and transfer providers in some countries will require an IBAN to be provided before the transfer can be processed. She is quoted on such sites as Lifehacker and CertifiKid, and ghostwrote Copyediting and Proofreading for Dummies, published by Wiley. If you use theZelleapp on an iOS device, you may request to delete your data and close your profile by selecting Delete Account in the apps settings. introduction of basketball for project; foreclosure homes under $10,000. Confirm your email and wait for bank account approval. There are a number of other options for those looking to sign up for a bank without a Social Security number, but they may have geographical or other restrictions. Federal law also requires us to tell you how we collect, share, and protect your personal information. For domestic transfers, look no further than your local Walmart store. WITH YOUR PERSONAL INFORMATION? When receiving money, Identifying information doesnt always mean your Social Security number. We recommend our users to update the browser. Whether you can continue with your transfer without the required documentation will depend on your provider. If you get a message with any of the following red flags, theres a good chance its a scam. No waiting period beyond email verification. All categories listed below in Section 6. You will need to supply a SWIFT and an IFSC number for your recipients bank, as well as a reason for your transfer. Can a non US citizen open a bank account?Yes, foreigners can open a bank account in the US. One important note: Zelle isnt available overseas and cant be used for international transactions. State laws and individual companies may give you additional rights to limit sharing. All you need is the email address or U.S. mobile phone number associated with their Zelle account. For more information, visitwww.earlywarning.com. If neither can resolve the issue, go to cfpb.gov, create an account and file a complaint. WHAT DOES ZELLE DO All you need to do is choose which one is right for you, and get started. (new Image()).src = 'https://capi.connatix.com/tr/si?token=38cf8a01-c7b4-4a61-a61b-8c0be6528f20&cid=877050e7-52c9-4c33-a20b-d8301a08f96d'; cnxps.cmd.push(function () { cnxps({ playerId: "38cf8a01-c7b4-4a61-a61b-8c0be6528f20" }).render("6ea159e3e44940909b49c98e320201e2"); }); Aside from its ease of use, Zelles main draw is the speed at which money can be transferred. Zelle runs through your. Note: You may request that we disclose the above information beyond the 12-month period for personal information collected on or after January 1, 2022, unless doing so proves impossible or would involve a disproportionate effort. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and . They'll also use it to check your credit score and banking history to decide if they want to approve you for an account. We are not responsible for the privacy practices of these third-party websites, which are governed by their own privacy notices and practices. We publish data-driven analysis to help you save money & make savvy decisions. Criminals have used social engineering to contact victims and request the two-factor code that Zelle requires to set up accounts. You may be able to get around documentation with a peer-to-peer app like Venmo or Circle. You'll also need a driver license/state ID or matricula card. Chase Overdraft Assist - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*. Kelly Suzan Waggoner is editor-in-chief at Finder, where she works with a talented team of expert writers and editors focused on helping readers to save money, earn money and grow their wealth. Jaime is currently working on a novel and a memoir. Our App is not intended for children under the age of 18. 3. checking or savings account required to use Zelle. About CreditDonkey CreditDonkey is a bank comparison website. We generally retain information for as long as it is necessary and relevant for our operations and to comply with applicable law. But youll nearly always need to submit at least your government-issued ID, like your drivers license or passport, to continue through the transfer process. Zelle is safe, as long as you know and trust the person you're sending money to. Other banks may require $25, $50, $100, or more minimum deposit. In the news: There have been reports in the media that banks have declined to help victims of scams and fraud due to Zelle's lack of fraud protection. We collect personal information when you use the App, including: When you use the App, we collect, use, and disclose personal information for the following business purposes: 6. Who we disclose personal information to. If you feel rushed to make a decision, theres a strong chance its a scam.. It is your responsibility to make sure that your personal information is accurate and that your password(s) and profile registration information are secure and not shared with third-parties. From a privacy perspective, it's safer than alternatives, like Venmo and Cash App, since it's harder for scammers to access users' personal information," said Nishank Khanna, chief marketing officer at Clarify Capital. Set up direct deposit and you may get your money up to two business days early - exclusively for Chase Secure Banking customers. "If you're exchanging money with someone for the first time, use something like PayPal. *About Early Warning Services, LLC {"menuItems":[{"label":"What information do I need to send a money transfer? Neither Bank of America nor Zelle offers a protection program for any authorized payments made with Zelle. Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates. There have been cases where someone will fake an emergency, ask to use a strangers phone and then quickly send a payment to themselves.. We are open 7 days a week from 10am to 10pm ET, excluding New Years Day, Independence Day, Thanksgiving and Christmas. Appeal if we decline to act on any of the above requests youve made, To exercise this right, call us at 844.212.9102 (Monday through Friday, 8am to 5pm AZ, excluding federal holidays). Knowthe categories and specific pieces of personal information we collected about you, our business purposes for collecting personal information, the categories of sources that weve collected personal information from, the categories of third parties that weve disclosed personal information to, whether weve sold or shared personal information to a third party in the preceding 12 months, and the categories of third parties with which weve sold or shared personal information. We are no longer supporting IE (Internet Explorer) as we strive to provide site experiences for browsers that support new web standards and security practices. Thats because Zelle payments are fast and irreversible and were designed only to be used between people who know and trust each other. Zelleprovides information to your financial institution, based upon the information you provide, directing your financial institution on where to debit or credit money. Optional, only if you want us to follow up with you. Plus, there are unseen costs of not having a bank account. But you're not entirely without protection. The short answer is that you can't make a Zelle account without a bank. In other words, please do not use the App if you do not agree with this Privacy Notice. Below, let's take a look at what banks and credit unions will offer accounts for those without a Social Security number. Zelle only works with bank accounts and debit cards and is designed to move money between bank accounts, so in that sense, Zelle is similar to a cash transaction. You can become a member of Alliant Credit Union by joining Foster to Success. There's no shortage of peer-to-peer digital payment apps; in 2017, Zelle joined the ranks of services like PayPal and Venmo as a simple way to send and receive money via your mobile device. Early Warning Services, LLC. If you don't have a Social Security number, there are some banks that let you open a checking account with other identification documents. However, if you do not have one, but you are already of legal age and studying at college or university, you will not have any problems, since many banks offer special accounts for students. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. If you send money to the wrong person, you're basically at the mercy of that stranger to send it back.". The email or message will instruct the user to click on a link to view an invoice, Chan says. Zelle is a digital payments network that enables users to send, receive, and request money to or from people they know and trust within minutes. Get Readers Digests Read Up newsletter for more tech, cleaning, travel and fun facts all week long. MoneyGram is one provider that needs to see your official photo ID but not necessarily your SSN. "Some scammers deliberately encourage you to pay them via Zelle with the intent of stealing your money. Do I have to report a large money transfer into the US? 3 Representatives of payees can sign up the same way. We do not share personal information with third parties for their own direct marketing purposes. Schedule your meeting at your nearest branch or over the phone. No minimum deposit to open an account and get started. 11. Submit identifying information online after applying. Between projects, she toys with words, flips through style guides and fantasizes about the serial commas world domination. If this information is incomplete, inaccurate, or not current, please update your information by accessing your profile in the App. In this scam, emails or text messages appear to be from a lottery company or a company offering a prize of some sort. Top tips for sending or receiving an international money transfer, Common questions about money transfer requirements, OFX International Money Transfers (Business), the laws and legal documents required when transferring large sums, Dunbridge Financial international money transfers review, Find the best way to send money to Uzbekistan, Find the best way to send money to the Democratic Republic of the Congo. The FBI warns about these phishing scamsthat lure you in and get you to take the bait, noting that any ploy that leads a victim to giving a scammer access to their Zelle account is extra risky.