The ‘Zelle fraud’ scam: how it works, how to fight back

Re:The ‘Zelle fraud’ scam: how it works, how to fight back by BrandoElFollito on Saturday November 20, 2021 @06:30AM (#29287156)

In the EU it is a year, and you may loose up to 150€.

Good luck to the bank which would like to enforce this. One tried, I told them I am leaving, they said it is a misunderstanding and that of course they did not mean to make me pay these 150€.

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Re:The ‘Zelle fraud’ scam: how it works, how to fight back by thathndude on Saturday November 20, 2021 @07:26AM (#29287479)

Yeah. That’s superior to our protections.

Generally, in the US, its 60-90 days (the fact that it’s variable is obviously not ideal) and $500 loss limit.

[ Parent | on HN ]

Re:The ‘Zelle fraud’ scam: how it works, how to fight back by BrandoElFollito on Saturday November 20, 2021 @10:12AM (#29288753)

In the EU this is a EU regulation, so all banks have the same rules.

I just checked, it is now 50€ only, and only if the payment was done with a PIN or SMS/app confirmation. This is the maximum amount (so if you had, say 3 times 300€ of fraudulent transactions, you would pay a max of 50€ total - and like I said it is not likely that the bank will make you pay anyway)

[ Parent | on HN ]