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If you follow JPMorgan and use Zelle to send or receive money, listen. Starting on March 23, 2025, he can follow Restrict Zelle Payments Believes that arising from social media.
Chase, Zelle is everything you need to know to know what you want to pay and what you mean for.
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Read more: Sit on the steering wheel from this common venmo, cash apps and Zelle scams
Why persecution Zelle prevents social media charges
Zelle and others Digital payment programsFor example, the Venmo and Cash application, makes it easier cheaters Many cheats are targeting people on social media to get your money. According to FollowAs of June 1, 2024, about 50% of fraud reports if he received from social media on December 31, 2024.
One December 2024 Claim Consumer Finance Protection Burea claimed that JPMorgan Chase, Bank of America and Wells Fargo Customers lost more than $ 870 million since the application launched in 2017. Recently cfpb He threw the suitAgain, using the digital payment application, customers have raised the alarms at risk. Zelle does not offer any shopping protection, after sending your money in application, it is unlikely to return it.
Hoping to stop fraud before being followed by its new policy. Its updated Cell Service Agreement will allow reduction or blocking of accounts arising on social media. Banking can delay or save payments so you may require information to confirm your identity, sending or recipient identity and payment information.
Can send customers in a safe way that follows other ways
If you want to send or receive money from your Chase account, there are a large number of valid ways to do it. Chase partners with a few Other Digital Payment ServicesPayPal, Apple Pay, Google Pay, Samsung Pay and Paze PayPal.
You should never send money through a payment application to someone you don’t know and trust. Also helps to know Signs of a scenery Thus, the scammers can be avoided not to fall into the traps.
