Whether youre using theZelleapp or usingZelledirectly through your bank or credit unions banking app, the only information youll need to share is an email address or U.S. mobile number tied to a bank account in the U.S. Additionally, authentication and monitoring features are in place to help make your payments secure when youre sending and receiving money. If your mobile telephone number has changed, you will need to call customer service for assistance with your profile. Zelle was created in 2017 by the company Early Warning Services (EWS), which is owned by seven of the biggest banks in the United States, including Bank of America and Capital One. Restrict Nonpublic Personal Information Shared with Non-affiliated Third Parties. See below for more on your rights under state law. You should consult your own professional advisors for such advice. box as an address when transferring money? If you don't have those, you can apply in-person at a branch. Finder makes money from featured partners, but editorial opinions are our own. Must have a bank account in the U.S. to use Zelle. ","anchorName":"#what-information-do-i-need-to-receive-a-money-transfer"},{"label":"Money transfer providers and required documentation","anchorName":"#money-transfer-providers-and-required-documentation"},{"label":"Am I required to share my Social Security number? You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking account with qualifying activities. You may not be able to get credit cards, either. Alliant Credit Union is an online credit union open to everyone nationwide. We strive for transparency but if anything remains unclear, do not hesitate to contact us at the email address below with any questions or feedback you may have. Select a category below and then complete the form to report the scam. If this is the case, you can combine your BSB and account number. We may need to request additional information from you to verify your identity or to understand the scope of your request, although you will not be required to create an account with us to submit a request or have it fulfilled. Paysend offers transfers to more than 70 countries through its app and online service. You can update your User profile and registration information, including your debit card information and email addresses. Chase Secure Banking customers told us they save an average of $50 a month on fees after opening their account. Personal information weve collected, used, and/or disclosed. But some well-publicized incidents of fraud are a cause for concern, and Zelle's consumer protection isn't especially robust if things go wrong. Find out the latest data on how much money is being sent around the world in remittances. 2. Contents Why Zelle needs a bank How Zelle works Additionally, we use security features that are built into the hardware and software of your device to help protect your transactions, such as facial or fingerprint recognition. Jaime Stathis is a nonfiction writer covering wildlife, social justice and technology. 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). You may be able to get around documentation with a peer-to-peer app like Venmo or Circle. All financial companies need to share customers personal information to run their everyday business. Top tips for sending or receiving an international money transfer, Common questions about money transfer requirements, OFX International Money Transfers (Business), the laws and legal documents required when transferring large sums, Dunbridge Financial international money transfers review, Find the best way to send money to Uzbekistan, Find the best way to send money to the Democratic Republic of the Congo. You can also prove your identity with a Green Card, visa, foreign passport, or alien ID card. The bad news? You may also need to speak with a representative for approval. "Anyone with a bank account at one of the participating banks can register with and use Zelle," Hamerstone says. With a bank account, you can cash checks and pay bills for no additional charge. Do I have to report a large money transfer into the US? Most of the time, Zelle scams involve social engineering a victim into transferring money to the criminals account. The same is often true of scams involving Apple Pay and Google Pay. Priority service for everyday banking and access to J.P. Morgan Wealth Management, Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000. We may receive compensation from our partners for placement of their products or services. You'll also save time, money, and frustration when dealing with service providers. If you don't have one, then you'll need to apply at a branch with other forms of ID. We do not knowingly collect personal information from children. New York, NY, 10016. From a privacy perspective, it's safer than alternatives, like Venmo and Cash App, since it's harder for scammers to access users' personal information," said Nishank Khanna, chief marketing officer at Clarify Capital. We do not sell or share personal information collected from the App to third parties. Zelle is safe, as long as you know and trust the person you're sending money to. I cover the intersection of money and everyday life. [1]Zelledoes not send nor initiate the transfer of money. We may receive payment from our affiliates for featured placement of their products or services. That's why banks recommend you make payments to trusted sources. 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. Restrict Nonpublic Personal Information Shared with Zelle Family. All you need to do is choose which one is right for you, and get started. Zelle is a P2P (peer-to-peer) system that allows you to send money quickly and conveniently from your credit card or bank account, only requiring you to enter the recipients phone number or email address. Please read this notice carefully to understand what we do. Plus, keeping large amounts of cash at home may appear suspicious to law enforcement, even if you're doing absolutely nothing wrong. As stated above, if you do not agree with this Privacy Notice, please do not use the App. Usend combines money transfers, bill pay and mobile phone reloading. Looking to open a bank account without providing your Social Security Number? You may also call 844.428.8542 (Sunday - Saturday, 10am to 10pm ET, excluding New Years Day, Independence Day, Thanksgiving, and Christmas) to request a copy by US mail. Banks are cheaperWorried that banks will nickel-and-dime you with fees and charges? Even if you do not make the privacy choice set above, we will not share information that we have about you with non-affiliated third parties, except for Everyday Business Purposes (defined below). You may request to cancel your profile and enrollment withZelleby speaking to a customer service representative at 844.428.8542. About CreditDonkey CreditDonkey is a bank comparison website. In essence, Zelle is a service used by bank customers to. Because once you authorize a payment to be sent, you can't cancel it if the recipient is already enrolled inZelle. The scammer will generously add the $300 onto the payment they sent you, as long as you promise to refund them after you upgrade. You need to submit at least your government-issued ID, like your drivers license or passport to pick up the money sent. The pandemic normalized contactless payments, anddigital walletoptions have popped up everywhere, including places that used to only accept cashlike farm stands, garage sales and even your babysitter. Restrict Nonpublic Personal Information Shared with Joint Marketing Partners. One important note: Zelle isnt available overseas and cant be used for international transactions. How does Zelle protect my personal information? Zelleprovides information to your financial institution, based upon the information you provide, directing your financial institution on where to debit or credit money. Try This Comfy Nodpod Weighted Sleep Mask, 10 Common Cash App Scams and How to Avoid Them, Do Not Sell or Share My Personal Information, Alex Hamerstone, Advisory Solutions Director at, Jim Murphy, Director of Fraud Management North America at. Being ready can make sending a transfer easier and picking one up possible. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Youre tricked into installing malware, Bischoff says, and an attacker could hijack your device and send themselves money from your Zelle app., And thats not all. When your personal information is released to: a. law enforcement, government agencies, and other authorized third parties (we may be required by law to disclose information); existing owners and their employees and agents; new owners (in the event we plan to merge with or be acquired by that business entity); and. Available online nationwide except in Alaska, Hawaii and Puerto Rico. As for receiving payments, you will need to provide your name, address, phone number and email address to open a free PayPal account. 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. 1 Transactions typically occur in minutes when the recipient's email address or U.S. mobile number is already enrolled with Zelle. Be free from discriminationfor exercising your privacy rights. All categories listed below in Section 6. However, doing so will immediately terminate your ability to use the service. Banks help you build a financial historyWithout financial history (like a credit score), it may be impossible to get a loan for a car, home, college education, or a business. There are plenty of legitimate reasons why someone might not have a Social Security number. Plus, there are unseen costs of not having a bank account. Your authorized agent will be required to produce a signed authorization from you and additional identity verification may be required. Our App is not intended for children under the age of 18. The privacy policies and security at the linked website may differ from Regions' privacy and security policies and procedures. Please note that simply deleting the App from your device without selecting Delete Account (via the Apps settings) will not result in yourZelleprofile being closed and deleted. Check with your financial institution. 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. Federal law gives you the right to limit only. Personal information also does not include deidentified or aggregate information. Our App is not intended for children under the age of 18. Code 4056. ","anchorName":"#what-if-i-don-t-have-the-required-documentation"},{"label":"Top tips for sending or receiving an international money transfer","anchorName":"#top-tips-for-sending-or-receiving-an-international-money-transfer"},{"label":"Compare online money transfers","anchorName":"#compare-online-money-transfers"},{"label":"Bottom line","anchorName":"#bottom-line"},{"label":"Common questions about money transfer requirements","anchorName":"#common-questions-about-money-transfer-requirements"}]}, Our table lets you compare the services you can use to send money abroad. Review this Privacy Notice in its entirety to learn more about the personal information we collect, why we collect personal information, the sources from which we collect personal information from, and who we may disclose personal information to. Wells Fargo is another one of the big four banks in the US.