News for hackers. Stuff that matters.

A comment on The ‘Zelle fraud’ scam: how it works, how to fight back. Parent comment

Re:The ‘Zelle fraud’ scam: how it works, how to fight back by mindslight on Saturday November 20, 2021 @09:53AM (#29288578)
Something I've been curious about (not asking for legal advice). If the deadline to report is 60 days from the statement/notification of the transaction, what about accounts that only issue statements quarterly or monthly? Is it really still workable to contest a transaction say 10 months after it occurred, if the bank has only just issued you a statement?
[ Parent | on HN ]
Re:The ‘Zelle fraud’ scam: how it works, how to fight back by thathndude on Sunday November 21, 2021 @05:21AM (#29295301)
Sorry I missed this yesterday. Accounts have to be monthly unless there’s no transactions. That’s when you get quarterly statements. So if you’re getting quarterly statements, then there’s no transaction to dispute — I believe the theory goes.
[ Parent | on HN ]
Re:The ‘Zelle fraud’ scam: how it works, how to fight back by mindslight on Sunday November 21, 2021 @10:51AM (#29297069)
Ah, I presume interest crediting is excluded from that requirement to send statements?
[ Parent | on HN ]