4 ms·

except banks staff can easily be bribed too. There is plenty of bank fraud happening.

rib3ye 1y ago
I can walk into a bank branch and show documents. I guess I can walk downtown to CB HQ, but something tells me I won't get past the front desk.
suzzer99 1y ago
If my bank money gets stolen from me via fraud (unless I literally just Zelle the scammer), I get it back. That's the big difference.
- SoftTalker 1y ago
  Zelle is ultimately a bank transfer. Yes they say to consider them like sending cash, but a bank transaction is at least tracable to a real account owner, who could then be pursued in the case of fraud, and it well might be reversible if push came to shove or if there is documented fraud.
- anton-c 1y ago
  I know it's the massive exception but I was reimbursed when the exchange that tried to rugpull its users felt legal pressure. Things have changed slightly over the years - don't get me wrong, scams are still rampant. It's been ages since I was in college and had an overdraft or some other bs bank related fee, but the bank manages to 'scam' you legally too. I'm just playing devils advocate and sharing an anecdote, I'm minimally involved in crypto anymore.
victorbjorklund 1y ago
Can you show us that? Where the consumer is left with no money at all and bank does not take the loss.
- hiatus 1y ago
  Go Zelle someone and try to get the money back.
  - xeromal 1y ago
    When I was "hacked" two years ago, their final hurrah before I finally got everything offline for a time, they sent zelles as much as they could and was able to recover it without any loss on my end.
    - hiatus 1y ago
      I guess things have changed since it has not always been the case that the bank would reimburse you. https://www.nytimes.com/2022/03/06/business/payments-fraud-zelle-banks.html https://www.nytimes.com/2022/03/06/business/payments-fraud-z...
      - xeromal 1y ago
        Yeah, I think it truly depends on whether you hit the send button or not. Since I was hacked, it wasn't me hitting the send button.
  - victorbjorklund 1y ago
    If YOU are the one sending the money of course it is not a hack etc becuase YOU are sending it. If Zelle is hacked and someone steals your money through that hack you will not be left with the loss.

I can walk into a bank branch and show documents. I guess I can walk downtown to CB HQ, but something tells me I won't get past the front desk.

suzzer99 1y ago

If my bank money gets stolen from me via fraud (unless I literally just Zelle the scammer), I get it back. That's the big difference.

SoftTalker 1y ago
Zelle is ultimately a bank transfer. Yes they say to consider them like sending cash, but a bank transaction is at least tracable to a real account owner, who could then be pursued in the case of fraud, and it well might be reversible if push came to shove or if there is documented fraud.
anton-c 1y ago
I know it's the massive exception but I was reimbursed when the exchange that tried to rugpull its users felt legal pressure. Things have changed slightly over the years - don't get me wrong, scams are still rampant. It's been ages since I was in college and had an overdraft or some other bs bank related fee, but the bank manages to 'scam' you legally too. I'm just playing devils advocate and sharing an anecdote, I'm minimally involved in crypto anymore.

victorbjorklund 1y ago

Can you show us that? Where the consumer is left with no money at all and bank does not take the loss.

hiatus 1y ago
Go Zelle someone and try to get the money back.
- xeromal 1y ago
  When I was "hacked" two years ago, their final hurrah before I finally got everything offline for a time, they sent zelles as much as they could and was able to recover it without any loss on my end.
  - hiatus 1y ago
    I guess things have changed since it has not always been the case that the bank would reimburse you. https://www.nytimes.com/2022/03/06/business/payments-fraud-zelle-banks.html https://www.nytimes.com/2022/03/06/business/payments-fraud-z...
    - xeromal 1y ago
      Yeah, I think it truly depends on whether you hit the send button or not. Since I was hacked, it wasn't me hitting the send button.
- victorbjorklund 1y ago
  If YOU are the one sending the money of course it is not a hack etc becuase YOU are sending it. If Zelle is hacked and someone steals your money through that hack you will not be left with the loss.