Your Money Minute Chase Bank Zelle Restrictions 5/15/25
May 15, 2025
Discover the hidden dangers of using Zelle for payments, especially when dealing with strangers. The discussion highlights various scams and the importance of choosing safer payment methods that include purchase protection. Learn about Chase Bank's proactive warning system designed to protect users from risky transactions.
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Avoid Zelle for Unsafe Payments
- Avoid using Zelle to send money to strangers or for items you haven't seen.
- Use payment methods with purchase protection like credit cards for safer transactions.
Chase's Zelle Social Media Restriction
- Chase proactively blocks Zelle payments originating from social media contacts for your protection.
- This restriction aims to reduce fraud risks associated with social media transactions.