Zelle Scams, Zelle fraud, A new twist on Zelle fraud, these headlines seem to be everywhere. We’re here with this special update on the newest twist on current Zelle scams. Zelle accounts are becoming more popular and as they do, crooks looking to get their hands on your money are getting more innovative. In this episode we discuss the latest twist or innovation criminals are using to defraud ordinary citizens of their hard earned money. They are doing this using Zelle.

Zelle payments or payments made using the Zelle app are sometimes referred to as Instant Payments or Real Time payments. Although many sign up for Zelle through their bank, the bank does not have ultimate responsibility for these accounts. This has led to a lot of heartache and complaints when there was a fraud or scam perpetrated using a Zelle account.

Don’t let the Zelle dream turn into a Zelle nightmare, because you fell for one of the many Zelle scams. This handy payment app makes it easy to transfer money from person to person simply by using an app on your phone. But without the proper care and controls, theapp can become a nightmare. Recent stories in the press reveal how the app was used to scam college students and others out of thousands of dollars. Let’s take a look at some safety precautions every Zelle user should take to ensure they don’t get Zelle scammed. Stick around until the end when we share an often-overlooked Zelle safety precaution.

Listen to Lynn Larson’s longer explanation of Zelle Fraudshttps://youtu.be/L02mUitjsKc

Guest: Lynn Larson (recharged-education.com)

Host: Mary Schaeffer (www.ap-now.com)