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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

#71

Post by newaccount74 »

jesprenj wrote: post #12
ceejayoz wrote: post #4

Earlier quoted context omitted.

Instant, no-fee, irreversible transfer between participating US bank accounts. (Like most of the rest of the world has had for a decade or more, but it's new, and because it's new and there's very little education to consumers from the banks it's heavily used in scams. It also has a pretty confusing UX that lends itself to scams.)

> most of the rest of the world has had for a decade or more What specific system are you implying? In Slovenia, I can't make a bank transfer online when my bank is closed (at night). Money transfer between banks costs me 40 cents per transaction and international transfer in the EU costs me around 7 €. Maestro card is instant and free and works even when the bank is closed, but it is only used for spending money. I…

> international transfer in the EU costs me around 7 €

Are you sure about that? I thought with SEPA all Euro transfers within the EU have to be the same fee as national transfers, which is free for almost all consumer bank accounts in Austria.

My bank charges for instant transfers on my business account (around 8€), but other than that all transfers are free.

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

#73

Post by ceejayoz »

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?

> Why does it matter whether you're acquainted with the recipient?

Because the transfers can't be canceled/reversed, so there's no recourse if the recipient is scamming you.

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

#74

Post by ceejayoz »

kaitrain87 wrote: post #60

Does anyone have context of the content as the original post is gone from Reddit? Also on my BoA App, I have the notification: > Please Note: Zelle transactions made between and January 17 may be delayed in occurring and posting to accounts as requested. Transfers will be completed and will appear in your account activity and balances as soon as possible. We apologize for any delay or inconvenience. Not to discount t…

"Delayed" and "get undone, leaving negative balances" aren't the same, though. The first is annoying; the second is terrifying.

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

#76

Post by raincom »

"Zelle transactions made between Jan 14 and Jan 17 may be delayed in occurring and posting to accounts as requested. Transfers will be completed and will appear in your account activity and balances as soon as possible. We apologize for any delay and inconvenience"

That's what Bank of America says on the mobile app. I sent a couple of Zelle payments on Jan 15 and Jan 17. They payment I sent on Jan 15 is missing on my side.

EDIT: an hour later, BofA fixed my Zelle Jan 15 transaction.

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

#77

Post by steve_adams_86 »

kaitrain87 wrote: post #60

Does anyone have context of the content as the original post is gone from Reddit? Also on my BoA App, I have the notification: > Please Note: Zelle transactions made between and January 17 may be delayed in occurring and posting to accounts as requested. Transfers will be completed and will appear in your account activity and balances as soon as possible. We apologize for any delay or inconvenience. Not to discount t…

First we got bugs in our servers, now we need to learn to deblimp them? This field evolves too quickly

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

#78

Post by JumpCrisscross »

notch656c wrote: post #70
JumpCrisscross wrote: post #53

Earlier quoted context omitted.

The ‘01 riots were a symptom of economic collapse. I don’t recall any significant contemporaneous attribution to the expropriation of U.S. dollars in bank accounts, which mostly hit the rich. > Due to FATCA Americans are pariahs in the global banking system For grocery money, a second bank account is sufficient. For expropriation risk, opening an offshore account as an American is nontrivial, but far from pariah stat…

It's interesting to characterize economic collapse as unrelated to access to foreign currency for international trade. Also interesting to presume what happens to the rich, who are often the employer and owners, doesn't cause issues for the rest of the economy and the employees of the rich. Also bear in mind that in the US it is a rich person's game indeed to hold foreign currency. But in Latin America and especially…

> interesting to characterize economic collapse as unrelated to access to foreign currency for international trade

This jumps the rhetorical shark. Nobody said they’re unrelated. Just that the unrest is a response to the collapse. It would have occurred if the government seized dollars or not. The dollar seizure was a response to the collapse.

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

#79

Post by luckylion »

ctoth wrote: post #10

I have long been terrified of something shaped a bit like this. Here in the US we already treat most workers like absolute garbage. If one day the Average Joe wakes up and finds that all his money is merely some electronic scribbles in a database which have mysteriously gone missing, the social unrest is probably something that most people on this site couldn't even conceptualize of. Today it's Zelle, but what happen…

I understand the idea of "if you take everything from someone, what makes them keep to the law", but it's pretty obvious people don't work that way.

There are plenty of scam victims who lose all their savings to individuals or groups. How many of them do you hear of visiting the scammers' office with a pump gun? The sue, they hope for justice, they drink themselves to death, but that's about it. There are some exceptions, but they're super rare.

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

#80

Post by Animats »

kaitrain87 wrote: post #60

Does anyone have context of the content as the original post is gone from Reddit? Also on my BoA App, I have the notification: > Please Note: Zelle transactions made between and January 17 may be delayed in occurring and posting to accounts as requested. Transfers will be completed and will appear in your account activity and balances as soon as possible. We apologize for any delay or inconvenience. Not to discount t…

Correct text, copied from BoA web site: Please note: Zelle® transactions made between January 14 and January 17 may be delayed in occurring and posting to accounts as requested. Transfers will be completed and will appear in your account activity and balances as soon as possible. We apologize for any delay or inconvenience.

Phone support: "Due to extenuating circumstances, we are not able to take your call at this time."

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