Chase Bank may block Zelle payments to social media contacts

Chase will start blocking Zelle payments over social media
Chase Bank is going to make it harder to use Zelle for transactions stemming from social media. In an update to its policy on Zelle, Chase says it may “decline or block” payments related to purchases from social media marketplaces or messaging apps, as spotted earlier by Bleeping Computer.
Chase Says Making Payments Over Social Media Is Too Messy, Will Block Zelle Transactions
The policy, which will go into effect on March 23rd, 2025, will mark a level of increased scrutiny from Chase on any transaction that appears to be for an online purchase made through social media—whether that is buying something from an online marketplace or making a trade with a connection from a Reddit community.
Chase Bank may block Zelle payments to social media contacts as scams surge
Scams on Zelle, the digital payments app, have apparently gotten so widespread that Chase Bank is moving to block users from sending payments to social media contacts. Chase updated its user policy, indicating it may block these sorts of payments.
Chase to Block Zelle Payments to Social Media Accounts in Crackdown on Fraud
According to industry reports: Zelle scams accounted for millions in losses in recent years Social media-based fraud is one of the fastest-growing financial crime categories Victims often have little to no recourse, as Zelle transactions are final and difficult to dispute
Chase will soon block Zelle payments to sellers on social media
JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud.
Zelle scams lead Chase Bank to block payment to social media contacts
A high rate of Zelle scams originating from social media contacts has led JPMorgan Chase Bank to block payments
Chase’s latest move will help cut fraud, but Zelle users may not like it
Chase Bank will be blocking Zelle payments to sellers on social media platforms and messaging apps starting March 23.The ...
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