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bityard
on Jan 18, 2023
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Bank of America has lost Zelle transfers for many ...
Instant and no-fee I can get behind but irreversible sounds like an awesome way to lose a lot of money.
wintermutestwin
on Jan 18, 2023
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I've seen it IRL. Zelle claims no responsibility and that they can't track what they sent.
salawat
on Jan 18, 2023
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Fines for failure to implement legally mandated Anti-Money Laundering measures in 3...2...1...
Seriously. If they can't, it will not be long until the omission is noticed.
plsbenice34
on Jan 18, 2023
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I only ever worry of the opposite: reversibility leading to chargeback scams.
notch656c
on Jan 18, 2023
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Reversibility means risk incurred on the transfer system which means not free. Reversibility to the people you pay also means you pay a premium as the vendor has to self or externally insure the risk the funds will be recalled.
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