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I solved the issue by getting a certified check from my bank... It just gets me that its 2019, and banks are going backward, and also encouraging insecure and r

I solved the issue by getting a certified check from my bank... It just gets me that its 2019, and banks are going backward, and also encouraging insecure and risk-laden solutions into normal operations. They're endorsing 3rd party apps, totally unaffiliated with them to customers, all at the customer's risk. Wells Fargo has proven multiple times they don't mind public shame at all though...

toomuchtodo 7y ago
Your family member might consider moving to a better bank (or preferably, a credit union). Wells Fargo is notoriously a poorly run institution. Zelle is also not a third party app; Wells Fargo is part owner of the banking consortium that operates it (Early Warning Systems) [1]. It is the large banks’ solution to real-time-ish funds transfer settlement because the Fed has been dragging their feet on a national system as part of ACH modernization. What fraud prevention or insurance are you seeking with Zelle considering cash deposits and checks (both certified and not) have none? Disclaimer: I work in financial services, but not Wells. Opinions are my own. [1] https://en.wikipedia.org/wiki/Zelle_(payment_service) https://en.wikipedia.org/wiki/Zelle_(payment_service)
RaceWon 7y ago
> They're endorsing 3rd party apps, totally unaffiliated Actually Zelle was created by a consortium of banks: Wells Fargo, BOA, Cap 1, etc., etc., to do battle with PayPal and other P2P money apps.