It sounds like a major bank fraud site if you ask me.

Example:

I create a bank account at one of the banks that use that app.

I connect to Zelle using YOUR email address and YOUR phone number.

Anytime somebody wants to send you funds via Zelle by entering your email address and phone number, those monies go to my account!

I wouldn't touch it with a 10 foot or even a 100 foot pole.

Any bank that automatically connects your account to Zelle without your knowledge should be taken to court for misuse of your private account without your knowledge!

Why should you have to opt out of something you never opted in for?

And should anything happen to your account via Zelle, as the bank automatically connected your account to Zelle without your knowledge, there is no way that you should be responsible whatsoever... that would totally be the responsibility of the bank that automatically connected you!

FWIW

Yes. Thank you for quoting so I saw my typo. It should say Clark Howard.

Exactly. People are complaining and I’m hoping banks dump it soon. if not, people will switch banks if they find out. Either way, their business plan is going to fall apart.

It sounds like something the Democrats would do.

No matter what they do, everything seems to backfire on them.

The same is true for all those who went woke... and they end up going broke.

FWIW

I have no idea who made that decision. Zelle has good salespeople.

Salespeople were not the ones to make the decision... 

The higher ups made that decision.

Similar to Disney... it wasn't the salespeople who ruined its image, but those salespeople were forced to push the LGBTQ+ agenda their higherups pushed.

FWIW

WALTER784 said:

Any bank that automatically connects your account to Zelle without your knowledge should be taken to court for misuse of your private account without your knowledge!

Exactly. Run, don't walk from that kind of bank. There are local credit unions that don't do such crooked shenanigans.

Clark, Claire, or whichever - still the best advice is, take your money and run if your bank signs you up for anything without your consent.

$1,661.87 in cats (ROCKETMAN_S) said...

Exactly. Run, don't walk from that kind of bank. There are local credit unions that don't do such crooked shenanigans.

Yep... closing your account with banks that practice that is the quickest way to ensure you're de-linked from Zelle!!! (* CHUCKLE *)

No hassle, no muss, no fuss, just close your account and move it elsewhere!

FWIW

WALTER784 said:

Yep... closing your account with banks that practice that is the quickest way to ensure you're de-linked from Zelle!!! (* CHUCKLE *)

That's what a friend of mine had to do in the late 80s or early 90s to get rid of CompuServe for good. They refused to actually cancel. Kept billing / auto-drafting from the account. He closed the account when the bank refused to help pull the plug on CompuServe.

Next month, Compuserve's charges came through again. Bank re-opened (unauthorized) the closed account to let the charges through, which put him into overdraft. They then started tacking on all sorts of overdraft fees and threatened legal action.

They picked the wrong person to f*** with. At the time he was doing some computer consulting work for the local DA's office, and there was an active fraud case he was doing some forensic stuff. So he just forwarded the whole sordid mess to probably the one person in the state who could seriously strike terror into a bank's bureaucracy.

Pretty much the bank got a cease and desist letter , cc'ed to CompuServe, citing some state and federal wire fraud statutes and casually mentioning how many years incarceration and some upper 6 figure fines per violation that were possible.

Evidently the CEO of the bank himself apologized and all the charges were reversed, and CompuServe closed the account and stopped billing. But it actually took the threat of not only civil damages but a "do your job and fix this or someone's going to prison" to finally get results.