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. If you are enrolled with the Zelle app and found an unauthorized transaction, please call us directly at 1-844-428-8542. No Monthly Service Fee for up to 5 years if you're a student between the ages of 17-24 at account opening with proof of student status. Because Zelle is intended to be used between people who know each other, and the money goes directly from one bank account to another, there is little to no protection at this time if you fall for a Zelle scam. To help us protect your personal information, we maintain technical, physical, and administrative security measures to protect against loss, misuse, unauthorized access, disclosure, or alteration. If you useZelle through your mobile banking app or online banking, please refer to your financial institutions privacy notice. Access to more than 16,000 Chase ATMs and more than 4,700 branches. However, doing so will immediately terminate your ability to use the service. How can I get an ITIN number quickly?To apply for an ITIN number, you need to fill out Form W-7 and submit it to the IRS. From time to time, we may update this Privacy Notice. Jaime Stathis is a nonfiction writer covering wildlife, social justice and technology. Our App may contain links to other third-party websites, such as links to our bank and credit union partners websites. If someone wants to transfer money to you from an overseas bank account, youll need to make sure they have all the relevant details needed to complete the transaction. (If you are using the Zelle app rather than a banking app, you can go to the Send screen.) You will need to provide a SWIFT for your recipients bank. Other product and company names mentioned herein are the property of their respective owners. For purposes of this notice, Everyday Business Purposes means any of the purposes set forth in Cal. The fees are terrible, but PayPal offers a much larger safety net. You may not opt-out of administrative emails (e.g., emails about your transactions or policy changes) for your enrolled profile. If youd like more information on peer-to-peer payments safety, check out these articles from the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB). You can sign up with a valid driver's license, passport, an identification card from a Mexican consulate, a state-issued ID, a military ID, or a residency card. Credit history may seem unnecessary now, but in the long term, it can be an invaluable asset. There have been cases where someone will fake an emergency, ask to use a strangers phone and then quickly send a payment to themselves.. Then, enter the . Besides the obvious protections, it can help provide a starting point for your financial future. She joined Finder in 2016 as an editor, germinating the site from money transfers to include the wide scope of personal finance. Visit our FAQs to learn how and for more about electronic payments & online banking. By law, banks report all cash transactions that exceed $10,000 and any transaction of any amount that alerts their suspicions. Finder makes money from featured partners, but editorial opinions are our own. Plus, if you earn any interest, that can be reported to the IRS. You can send money to almost anyone with an eligible U.S.-based bank account using their email address or U.S. mobile phone number. But youll need to speak to a Xoom representative to verify your first transfer. Choose Send money at the top of the page, then select Send money with Zelle. 1U.S. If you have a valid account with any of the banks that use Zelle like Bank of America, Chase, Capital One or USAA youre already set up for domestic transfers of up to $2,500. The good news? We are open 7 days a week from 10am to 10pm ET, excluding New Years Day, Independence Day, Thanksgiving and Christmas. Where personal information is stored. Whether you can continue with your transfer without the required documentation will depend on your provider. [1]Zelledoes not send nor initiate the transfer of money. Thank you for using Zelle. It offers a free checking account with no monthly fees. You can either mail it in or apply in-person at IRS locations or IRS-authorized acceptance agents. A formal agreement including agreed upon rules and protocols between nonaffiliated financial companies that together market financial products or services to you. 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. box as an address when transferring money? But when you Zelle the $300 back, you realize the payments were fake, and youve just lost your money. Your authorized agent will be required to produce a signed authorization from you and additional identity verification may be required. While this is incredibly convenient, it also leads to unsuspecting people becoming victims of scams, and wherever we turn, there seems to be another onecash app scams,online scams,Venmo scams,Facebook Marketplace scamsand, now, Zelle scams. Additional information concerning our privacy policies can be found at, Personal information weve collected, used, and/or disclosed, Your rights regarding your personal information. Another strain of malware might redirect you to a phishing site when you try to access your banks website or Zelle, which then steals your password and other info., Jim Murphy, Director of Fraud Management North America at D4t4, also warns against the goods-and-services scam. This happens when you shop online and pay using Zelle and never receive what you paid for, Murphy says. We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Customer service representatives can be reached at 844.428.8542 (7 days a week from 10am-10pm EST, excluding New Years Day, Independence Day, Thanksgiving and Christmas). Submit identifying information online after applying. All categories listed below in Section 6. Restrict Nonpublic Personal Information Shared with Joint Marketing Partners. 3.. When asked for a photo identity, you are likely to whip out your driver's license. Check with your financial institution. Zelle is safe, as long as you know and trust the person you're sending money to. See Section 3 for more information. To be sure, you should check with your bank or credit union to make sure it doesn't charge extra fees for using the Zelle feature. If you don't have those, you can apply in-person at a branch. 4. We generally retain information for as long as it is necessary and relevant for our operations and to comply with applicable law. If this is the case, you can combine your BSB and account number. introduction of basketball for project; foreclosure homes under $10,000. In short, if someone gets access to your account without you being involved in any way, that is considered fraud, and you will generally be able to get your money back, Hamerstone says. You will need to supply a SWIFT and an IFSC number for your recipients bank, as well as a reason for your transfer. Confirm your account by email and speak to a TorFX representative. The buyer will use fake emails and screenshots to make it look like theyve paid you. Talk with a financial professional if you're not sure. No paper checks to track and no Chase fees on money orders or cashier's checks. How does Zelle collect my personal information? Because money moves quickly - directly into the recipient's bank account typically within minutes1. Apart from your recipients bank account details, you will also need to provide some specific details about the transfer, including: If you dont have a bank account or merely prefer cold, hard cash, youll find providers that accept cash payments for international money transfers. It depends on the money transfer specialist youre using to transfer your money. Confirm details with the provider you're interested in before making a decision. Paul Bischoff, a privacy advocate at Comparitech, warns against clicking on links or attachments in unsolicited emails or texts, because they could install malware on your device. Because accounts are approved manually, youll need to wait for approval. 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). However, there are some alternatives that you can consider in this regard. Our information is based on independent research and may differ from what you see from a financial institution or service provider. If you are considering opening an account in Zelle without a bank account, you should know that technically it is impossible to operate this service without a bank. They have approximately 4,200 branches across the nation, and 17,000 ATMs, ensuring you'll have access practically everywhere. What information do I need to send a money transfer? If we cannot honor your request, we will let you know. You should consult privacy disclosures at the linked . Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. We will not share nonpublic personal information about you within our family of companies other than for our Everyday Business Purposes unless we first provide you with further privacy choices. See below for more on your rights under state law. does not send nor initiate the transfer of money. "If you're exchanging money with someone for the first time, use something like PayPal. So if an identity thief is able to obtain a driver's license in your name, it opens many fraudulent doors. Zelle is a fast, safe and easy way to send and receive money with friends, family and others you trust - no matter where they bank1. Below, let's take a look at what banks and credit unions will offer accounts for those without a Social Security number. We may notify you about material changes in the way we treat personal information by placing a notice on our website or in the App. Zelle is a mobile payment application that allows peer-to-peer (P2P) money transfers, simplifying the process of paying for things and making it easier to move money without handling cash or visiting the bank. In order to make a payment request to one or more U.S. mobile numbers, the mobile numbers must already be enrolled with Zelle. You may be able to get around documentation with a peer-to-peer app like Venmo or Circle. 11. We may also receive payment if you click on certain links posted on our site. For domestic transfers, look no further than your local Walmart store. Most legitimate businesses accept multiple payment methods. For requests made online, at a minimum, your identity will be verified through your existingZellepassword protected account and a One-Time Password (OTP) secure authorization. Usually, you will need to provide an Individual Taxpayer Identification Number (ITIN) instead. You can update your User profile and registration information, including your debit card information and email addresses. Federal law also requires us to tell you how we collect, share, and protect your personal information. About CreditDonkey CreditDonkey is a bank comparison website. As stated above, we do not sell or share personal information that weve collected from the App with third parties. Depending on whether youre receiving the money from an overseas bank account or youre collecting a cash transfer, youll need different information. Once the money is sent, it's gone. People exchange hundreds of texts with the fraudsters, who are charming and can make people fall in love with them, and then they start asking for money or presents, often requesting cash through Zelle., In this scam, scammers send emails or text messages that appear to be from a participating financial institution, asking users to click on a link or open an attachment, explains Daniel Chan, Chief Technology Officer of Marketplace Fairness. You can begin your application online, but you will need to visit a local Social Security office or card center to complete the application process. Ted Rossman, a senior industry analyst at CreditCards.com said, "The key with Zelle is to only send money to people you know and trust. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. To avoid getting scammed, always check for payments through your Zelle app. Zelle runs through your personal bank's digital infrastructure, so it's as secure as your bank. Can I use a P.O. If you have a valid account with any of the banks that use Zelle like Bank of America, Chase, Capital One or USAA you're already set up for domestic transfers of up to $2,500. Transfer money from the USA to Malaysia, does the receiver need to pay a fee for SSN? What recipient bank account details will I need to provide when sending funds to India? Money transfer providers and required documentation. You can defend yourself against these types of attacks the same way that you defend yourself from phishing attacks, malware, and other social engineering attacks: Keep your data and personal information secure, don't divulge info to people you don't know, and make your passwords unique and strong. If your questions are not answered in this Privacy Notice, you may email us atprivacyoffice@earlywarning.com, or write to us at Early Warning Services, LLC., Attn: Privacy Office, 5801 N Pima Rd, Scottsdale, AZ 85250. Make sure that any transfer provider you choose is reputable and trustworthy before handing over any bank details or money. The advantage of using your bank is that its convenient, as you will most likely already have an account established from which you can transfer funds. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Never rely on screenshots or emails as proof, beware of buyers offering more than you listed the item for and dont agree to refund a payment. Set up direct deposit and you may get your money up to two business days early - exclusively for Chase Secure Banking customers. Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Thats because Zelle payments are fast and irreversible and were designed only to be used between people who know and trust each other. CreditDonkey does not include all companies or all offers that may be available in the marketplace. We will not discriminate against you for exercising your choices and rights. For instance, we cannot disclose or permit access to specific pieces of personal information if the disclosure or access would present a certain level of risk to the security of the personal information, your account with us or the security of our systems or networks. If you need assistance with theZelleApp, please contact Consumer Services athttps://www.zellepay.com/contact-us. In other words, please do not use the App if you do not agree with this Privacy Notice. *See the card issuer's online application for details about terms and conditions. If you make a mistake and the funds are sent to the wrong account, theres no guarantee that youll be able to recover those funds. Ask the provider youre interested in for its requirements for approval. Learn more about. Self-Help Credit Union and Self Help Federal Credit Union are nonprofit financial services providers. Reasons we can share your personal information. Anyone with a bank account at one of the participating banks can register with and use Zelle, Hamerstone says. 4 years after App profile is deactivated/closed, Certain identifying personal information (e.g., address, telephone number, financial account numbers, other financial information), Up to 5 years after App profile is deactivated/closed, Transaction information (e.g., records of transactions made throughZellewhen you use the App), Law enforcement, government agencies, and other authorized third parties (if required by law), Internet or other electronic network activity information (e.g., your interactions with the App), 4 years after App profile is deactivated/ closed, Sensitive personal information (i.e., precise geolocation), Other information about you that is linked to the personal information above (e.g., information you associate with yourZelleprofile like a profile photo or your contact/recipient list, call recordings if you callZelleCustomer Support), Profile information Up to 4 years after App profile is deactivated/ closed. We do not use or disclose sensitive personal information for any purposes other than what is described in this Privacy Notice. You should consult your own professional advisors for such advice. 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. Please refer to the guide about the money transfer requirements. Jeremy Harshman is a creative assistant at CreditDonkey, a bank comparison and reviews website. MoneyGram also offers online and in-person transfers to more than 200 countries, with some 350,000 agent locations around the globe. This is because most companies that sell money transfers are subject to antimoney laundering laws and counter-terrorist financing standards, which require providers to exercise their due diligence to confirm that youre not using their services for terrorist or otherwise nefarious activities.