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How Zelle Scams Work and How to Protect Against Them
Make Use of
Zelle makes sending money to friends, family members, and selected small businesses easy and convenient. As Zelle doesn't charge a fee and money transfers are often instant, people are increasingly using this payment service. But you should watch out for Zelle scams that can trick you into sending money to fraudsters.
How do Zelle scams work, what are common Zelle scams, and what can you do to stay safe from these scams?
What Is Zelle, and How Does It Work?
Zelle is a US-based payment network owned by Early Warning Services, created by the country's leading banks, including Bank of America, PNC Bank, Wells Fargo, Truist, Capital One, JPMorgan Chase, and US Bank.