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Bank of America has lost Zelle transfers for many customers

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Re: Bank of America has lost Zelle transfers for many customers

#271

Post by noahtallen »

DennisP wrote: post #68

One of the reddit comments says: > Zelle isn't problematic if you use it for its intended purpose and don't send money to complete strangers Why does it matter whether you're acquainted with the recipient?

This is true for most payment apps, to be honest. Buyer protections are limited without using something with transaction fees, like a credit card or PayPal goods and services.

The only time you’re using these apps for payments to unknown 3rd parties is buying on the used market. For local buying, you meet in person, in which case Zelle is fine since you can see the goods. For remote buying (like r/hardwareswap), you’re supposed to use something with protections like PayPal Goods and Services, or /also rely on the platform.

There are phishing scams associated with PayPal too, for example.

Re: Bank of America has lost Zelle transfers for many customers

#272

Post by phpisthebest »

anonporridge wrote: post #243
lotsofpulp wrote: post #98

Earlier quoted context omitted.

In the event that you are trading gold and silver and ammo, your first problem will be holding onto your gold and ammo in the first place. Which means if you are prepping for this scenario, your first order of business is to be part of a tribe willing and able to defend you.

This is why I believe leadership in urban environments would quickly turn over to existing city gangs in a collapse scenario. Maybe the police would be one gang that controls a fraction of the city. Urban gangs already have the required tribal associations, intimate understanding of the terrain and resources therein, and the propensity to commit violence that would be required to take control. Any of us good citizens…

The question is, in total societal collapse situation do you want to live? I am not sure I would want to.

Re: Bank of America has lost Zelle transfers for many customers

#273

Post by WillPostForFood »

pkaye wrote: post #252
WillPostForFood wrote: post #220

Earlier quoted context omitted.

1: The data is obviously completely bogus unless you believe there were only 11 burglaries in Florida in all of 2021. You can't draw anything from it. 2: Texas is the second most populous state, so total # has little value. You need the per capita number to understand whether their might be some deterrence happening. Unfortunately the Statista data is garbage, so it isn't worth calculating.

So where is a good source of data?

Statista is proven untrustworthy, so I'd start with the FBI UCRs:

https://ucr.fbi.gov/crime-in-the-u.s

Re: Bank of America has lost Zelle transfers for many customers

#275

Post by jackson1442 »

sschueller wrote: post #200
bluedino wrote: post #188

Earlier quoted context omitted.

> I don't understand why overdraft hasn't been outlawed. It's a felony to write a check that you don't have the funds for. Oh, you mean for the bank.

Do checks still exist in the US? Edit: Here in Europe no one uses checks since I can remember (since the 80s?). In Switzerland lots of cash and direct bank transfers.

You generally can't pay rent in cash, and the last place I lived wanted $20(!!!!!) in service fees to pay online through _any_ means. They got a hand-delivered check each month.

So yeah, they're pretty common here still, mostly in businesses that haven't kept up with the times.

Re: Bank of America has lost Zelle transfers for many customers

#276

Post by weard_beard »

Loughla wrote: post #253
xattt wrote: post #233

Earlier quoted context omitted.

I’ll be the 10th man and add to the nihilism. Consumer protections are there not for the consumer, but to create some sort of artificial social stability through recourse and take the wind out of any social uprising.

I'm confused by your nihilism. If the outcome is that I can get my money back (and I would argue that 250k covers a VAST majority of people, and then some), isn't that a fair trade for me not killing and eating a banker?

Consumer protections are likely to be 3 months out from the point of impact. As the saying goes, we're all 3 hot meals from the end of society.

Re: Bank of America has lost Zelle transfers for many customers

#277

Post by bluedino »

sschueller wrote: post #200
bluedino wrote: post #188

Earlier quoted context omitted.

> I don't understand why overdraft hasn't been outlawed. It's a felony to write a check that you don't have the funds for. Oh, you mean for the bank.

Do checks still exist in the US? Edit: Here in Europe no one uses checks since I can remember (since the 80s?). In Switzerland lots of cash and direct bank transfers.

> Do checks still exist in the US?

Of course. I was stuck behind an older lady writing one for groceries, just the other day.

Re: Bank of America has lost Zelle transfers for many customers

#278

Post by basch »

krferriter wrote: post #198
basch wrote: post #61

Earlier quoted context omitted.

It wont be a popular answer here but Facebook Pay now Meta Pay is a great product. It is instant, as in, you can send someone standing in front of an ATM money, and they can pull the money out seconds later. Not pending, but completed deposits. For free. It is the "it just works" way to move money between peoples debit cards in the US. It is rock solid, a large network of us use it all the time, and it is significant…

Does Meta Pay have a checking account as part of each account that you can withdraw from directly via an ATM? Or does Meta Pay need to transfer the money into a 3rd party checking account that you can then withdraw from? That second step may not be instantaneous, depending on which bank the account is at.

there's no account. its just your checking account. and their checking account.

facebook fronts the money, deposits it as a non pending transaction. then it takes your money.

ive done it with multiple people at multiple banks. its never been more than minutes.

Re: Bank of America has lost Zelle transfers for many customers

#279

Post by ars »

ygjb wrote: post #216
ars wrote: post #94

Earlier quoted context omitted.

This only works if you don't live in a dense city. People in cities simply don't have space to store (many) bulk purchases, and the stores near them (i.e. that don't need a car) don't sell things in bulk (transporting bulk items by public transport is not feasible, and it's too expensive by Uber). When I visit friends who live in dense cities they are very excited that I have a car, and often ask me to take them to m…

I don't think that's accurate. The bigger issue is economic access - poor people can't afford to stock up since they are often living paycheque to paycheque. Even middle class folks living in dense urban centres have access to car shares and delivery services. Yes there is a cost, but it's usually quite cheap. As for storage, except for the smallest apartments, most storage spaces can be optimized quite a bit for ver…

> poor people can't afford to stock up

Sure, that's a problem. But that's not the problem I was talking about.

> have access to car shares and delivery services. Yes there is a cost, but it's usually quite cheap.

It is most definitely not cheap! You can't buy much because you don't have room, and the cost savings of what you can buy are destroyed by this added expense, making it pointless.

> most storage spaces can be optimized quite a bit

Sure - up to a point. I mean you can also just fill your bedroom with stuff, and have a narrow corridor to walk in. But realistically, people in dense cities just don't have much space for bulk purchases.

Re: Bank of America has lost Zelle transfers for many customers

#280

Post by dsfyu404ed »

akiselev wrote: post #212
pkaye wrote: post #166

Earlier quoted context omitted.

Why does Texas has so many reported burglaries though? https://www.statista.com/statistics/232539/burglaries-report...

Because stolen guns are very valuable and the owners have to officially report them stolen to avoid all the possible criminal charges.

People report gun theft in order to make possession of it unambiguously a crime same as with cars and other serialized property.

Nobody with a brain actually thinks the police in the next state over are gonna seriously suspect them of something when their handgun inevitably gets recovered in an unrelated crime.

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