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10/30/2024
7 Common Zelle Scams and How You Can Avoid Them
Money Talks News
Stay informed about the Zelle scams targeting users and learn how to protect yourself.
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Because Zelle payments are both fast and often irreversible, criminals using the app to conduct scams and take advantage of its users are a big problem.
Many Zelle users who have been scammed won’t get reimbursed for their loss.
In 2023, customers of the three biggest Zelle partner banks who reported fraud only got back about 38% of the money they lost, according to a congressional investigation.
Here are the most common scams, and how you can prevent becoming a victim.
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