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Chase Bank will block Zelle payments to social media contacts to curb fraud starting March 23.
Chase Bank will start blocking Zelle payments to social media contacts to prevent fraud, effective March 23, 2025.
The new policy may request more information about transactions, especially if they originate from social media platforms, where 50% of Zelle fraud reports come from.
This move follows criticism from the Consumer Financial Protection Bureau over Zelle's handling of scams.
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Chase Bank bloqueará los pagos de Zelle a los contactos de redes sociales para frenar el fraude a partir del 23 de marzo.