If you are considering opening an account in Zelle without a bank account, you should know that technically it is impossible to operate this service without a bank. Federal law also requires us to tell you how we collect, share, and protect your personal information. When asked for a photo identity, you are likely to whip out your driver's license. We may need to request additional information from you to verify your identity or to understand the scope of your request, although you will not be required to create an account with us to submit a request or have it fulfilled. Fin. However, Zelle was built by banks and was engineered to be safe. We provide theZelleservice pursuant to the Graham-Leach-Bliley Act (GLBA) and are exempted from certain data privacy laws. While there's no cost to use Zelle, you can only use your checking, savings or debit card to send or receive money, and you can't make credit card payments. Our proven security features help keep your identity and your money safe. When your personal information is released to: a. We generally retain information for as long as it is necessary and relevant for our operations and to comply with applicable law. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. They can use your SSN to get a driver's license in your name. Chase offers personal banking services such as checking and savings accounts, credit cards, home and auto loans, and investing through JPMorgan. See below for more on your rights under state law. We do not sell or share personal information collected from the App to third parties. Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. The good news? Zelle makes security a priority. In order to make a payment request to one or more U.S. mobile numbers, the mobile numbers must already be enrolled with Zelle. When your personal information is released with your consent or at your direction; and/or. Make transfers to over 120 countries in 40+ currencies, The recipients home address (supplying this information is optional with some providers), ABA (American Bankers Association) routing number, SWIFT (Society for Worldwide Interbank Financial Telecommunication) or BIC (Bank Identifier Code), Photo identification for yourself (a passport or drivers license will do), Your recipients full name (this must match the recipients name as it appears on their ID), Your banks BSB (Bank State Branch) number, Photo ID, for example your drivers license or passport, The reference number quoted to you by the person who sent the transfer, Proof of address dated within past 3 months. We are located in the United States. Other times, a criminal will impersonate a legitimate company, organization or government agency and request a payment from you via Zelle. New York-based Citibank, a CreditDonkey partner, is another major U.S. bank. Similarly, you likely wont be able to get your money back if you fall victim to a gift card scam. No waiting period beyond email verification. Special Notice for California Residents: In order to comply with California law, the following applies if your account has a California mailing address. If Zelle is the only one available to you, Bischoff says, it could well be a scam., To avoid having your Zelle account and other accounts taken over by hackers, never provide your username, password or PIN in response to any email, text message or phone call unless you have absolutely confirmed that the request for this information is legitimate, which it never is, Weisman says. From time to time, we may update this Privacy Notice. Below, let's take a look at what banks and credit unions will offer accounts for those without a Social Security number. Finder makes money from featured partners, but editorial opinions are our own. It's used to report your income to the IRS and issue government benefits after you retire. All rights reserved. Zelle only works with bank accounts and debit cards and is designed to move money between bank accounts, so in that sense, Zelle is similar to a cash transaction. They aim to provide banking services to low-income individuals. And additionally, anyone can register with Zelle mobile using a Visa or Mastercard branded debit card. When using Zelle, at least one side of the transaction (sender or receiver) must have access to Zelle either through their bank or credit union or through the app. If youve been the victim of fraud or a scam, you should report it immediately online to the FBI Internet Crime Complaint Center or call the FBIs toll-free fraud hotline at 833- FRAUD-11. Who can use Zelle? Thank you for using Zelle. You do not have to use our links, but you help support CreditDonkey if you do. Luckily, many are moving away from that business model. We will not share nonpublic personal information about you within our family of companies other than for our Everyday Business Purposes unless we first provide you with further privacy choices. As such, we are obligated to collect certain information from our users to verify their identities. Signing up is usually free. Protect the confidentiality or security of your records with us; and/or. Many require a verified physical address for your transfer to be approved. I cover the intersection of money and everyday life. In order to comply with California law, the following applies if your account has a California mailing address. Submit identifying documents and speak to a representative. If you are enrolled in Zelle through your bank, youll also need to contact them, but if youre enrolled with the Zelle app, you can fill out this online form or call 844-428-8542. Money transfer providers and required documentation. An important aspect of this scam is that the fraudsters never even need to know or phish the victim's password. Alliant Credit Union is an online credit union open to everyone nationwide. Hundreds of banks and credit unions now offer Zelle as a service. Save smart and earn 4.05% APY at CIT Bank, a CreditDonkey recommended partner. If your mobile telephone number has changed, you will need to call customer service for assistance with your profile. This information can include: When you are no longer our customer, we continue to share your information as described in this notice. Zelle was created in 2017 by the company Early Warning Services (EWS), which is owned by seven of the biggest banks in the United States, including Bank of America and Capital One. We do not knowingly collect personal information from children. Because Zelle is intended to be used between people who know each other, and the money goes directly from one bank account to another, there is little to no protection at this time if you fall for a Zelle scam. They can be financial and nonfinancial companies. You can begin your application online, but you will need to visit a local Social Security office or card center to complete the application process. [1] Due to the nature of Zelle's near real-time payment service, people can often be targeted by scammers in an attempt to trick you into sending a fraudster money. The types of personal information we collect and share depend on the product or service you have with us. We are no longer supporting IE (Internet Explorer) as we strive to provide site experiences for browsers that support new web standards and security practices. This is because most companies that sell money transfers are subject to antimoney laundering laws and counter-terrorist financing standards, which require providers to exercise their due diligence to confirm that youre not using their services for terrorist or otherwise nefarious activities. Unlike traditional financial transfers, such as wire transfers, which can take a day or longer to process, Zelle transfers happen instantly, explains Brian Contos, Chief Security Officer of Phosphorus Cybersecurity in Nashville. Therefore, we would not sell or share information about children. Attn: Privacy Office, 5801 N Pima Rd, Scottsdale, AZ 85250. Get updates on the latest deals and keep up with the best money moves. By using the Zelle app, you expressly consent to our collection, use, disclosure, and retention of your personal information as described in this Privacy Notice. They could claim that you owe them money for a past due charge, that your water bill is late and the service will be stopped if you dont pay immediately, that you were short on your taxes, or that you failed to pay a traffic fine and a warrant will be issued for your arrest, says Contos. Yes, this option is available with some transfer providers, but typically only with companies that offer cash pickup transfers. The scammer will generously add the $300 onto the payment they sent you, as long as you promise to refund them after you upgrade. As stated above, if you do not agree with this Privacy Notice, please do not use the App. You can either mail it in or apply in-person at IRS locations or IRS-authorized acceptance agents. If you are a security researcher and would like to report a vulnerability that you believe youve found inZelleor any products of Early Warning Services* (the company behindZelle), we would like to work with you to investigate the issue. The good news is that Zelle has top-tier security protocols, says Adam Levin, host of the What the Hack with Adam Levin podcast. No minimum deposit to open an account and get started. Priority service for everyday banking and access to J.P. Morgan Wealth Management, Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000. 2023 Early Warning Services, LLC. Start planning for your future by using the budget tool in the Chase Mobile. It's wise not to underestimate the value of having a bank account. For requests made by phone, at a minimum, your identity will be verified by matching certain personal information provided by you with personal information maintained by us. Note: To the extent required by, and in accordance with applicable law, we will use commercially reasonable efforts to correct your personal information as directed by you, considering the nature and the purposes of maintaining your personal information. When receiving money, Identifying information doesnt always mean your Social Security number. State laws and individual companies may give you additional rights to limit sharing. We serve a diverse network of approximately 2,500 financial institutions, government entities and payment companies. Zelle and the American Bankers Association shared the following tips to prevent the fraud: Change your security settings to enable multifactor authentication a second step to verify who you. However, there are some alternatives that you can consider in this regard. If you don't have those, you can apply in-person at a branch. And remember: Scammers are sneaky, but if something seems off about a monetary transaction, it probably is. We may also receive payment if you click on certain links posted on our site. . The lottery scam can be used for any prize. But Zelle users have become targets for scammers and fraudsters, leading some experts to question the app's overall safety. Speak with an OFX representative to complete approval. That's why banks recommend you make payments to trusted sources. According to the Federal Trade Commission, people sent $547 million to online romance scammers last year, and in the past five years, people have reported losing a staggering $1.3 billion to romance scams, more than any other FTC fraud category., It all begins with a phony dating profile on one of the many popular social media sites or apps, Troyer says. If you don't have a Social Security number, there are some banks that let you open a checking account with other identification documents. In other words, if you purchase something online and use Zelle to pay for it, you have no recourse if you never receive the item you paid for. We do not knowingly collect personal information from children. If you list an expensive item and have a very interested buyer, make sure its legit. Finder.com LLC. People exchange hundreds of texts with the fraudsters, who are charming and can make people fall in love with them, and then they start asking for money or presents, often requesting cash through Zelle., In this scam, scammers send emails or text messages that appear to be from a participating financial institution, asking users to click on a link or open an attachment, explains Daniel Chan, Chief Technology Officer of Marketplace Fairness. Advertiser Disclosure. chooses to share; and whether you can limit this sharing. Because once you authorize a payment to be sent, you can't cancel it if the recipient is already enrolled in Zelle. You may be charged a fee by your bank for receiving an international transfer, which you need to verify with the bank. A Social Security Number is a unique identification that keeps track of your entire financial life. Between projects, she toys with words, flips through style guides and fantasizes about the serial commas world domination. ","anchorName":"#am-i-required-to-share-my-social-security-number"},{"label":"What if I don't have the required documentation? Please note that its not necessary to provide an SSN to receive money in Malaysia. Another strain of malware might redirect you to a phishing site when you try to access your banks website or Zelle, which then steals your password and other info., Jim Murphy, Director of Fraud Management North America at D4t4, also warns against the goods-and-services scam. Note that Remitly and a few other providers may require your Social Security number to upgrade your account to unlimited or high-limit maximums. You can update your personal information at any time by accessing your profile in the App. If you don't have one, then you'll need to apply at a branch with other forms of ID. She joined Finder in 2016 as an editor, germinating the site from money transfers to include the wide scope of personal finance. If your bank is partnered with Zelle, you can find Zelle in your banking app. You can control how and when you want to receive notifications from us by following the instructions within the notices you receive from us and by updating your preferences in the App. Restrict Nonpublic Personal Information Shared with Joint Marketing Partners. Please read this notice carefully to understand what we do. Kelly Suzan Waggoner is editor-in-chief at Finder, where she works with a talented team of expert writers and editors focused on helping readers to save money, earn money and grow their wealth. You'll also need a driver license/state ID or matricula card. Ask the provider youre interested in for its requirements for approval. You can sign up with a valid driver's license, passport, an identification card from a Mexican consulate, a state-issued ID, a military ID, or a residency card. It offers a free checking account with no monthly fees. There are a number of other options for those looking to sign up for a bank without a Social Security number, but they may have geographical or other restrictions. Usually, you will need to provide an Individual Taxpayer Identification Number (ITIN) instead. . You can send, request, or receive money with Zelle. Can I use a P.O. Never rely on screenshots or emails as proof, beware of buyers offering more than you listed the item for and dont agree to refund a payment. The last thing you want to do is disclose your own or your recipients account information to a dodgy company. If your questions are not answered online, you may email us at privacyoffice@earlywarning.com, or write us at Early Warning Services, LLC. If someone you don't know is requesting a payment via Zelle, I'd suggest declining," Rossman said. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by Protect against fraud, identity theft, unauthorized transactions, claims, or other liability. Confirm your account by email and speak to a TorFX representative. These include: IBANs are not used in the United States, but banks and transfer providers in some countries will require an IBAN to be provided before the transfer can be processed. Almost all scams involve instilling a sense of urgency in victims, Bischoff says. Otherwise, to exercise this right, follow the instructions in Section 11. You can become a member of Alliant Credit Union by joining Foster to Success. Is your teenager ready to have a debit card? You can also take advantage of online banking services through the Chase site and mobile app. You may be able to get around documentation with a peer-to-peer app like Venmo or Circle. For information about the Childrens Online Privacy Protection Act (COPPA), visit the FTC website:www.ftc.gov. Once you sign up, your Social Security benefits will be paid directly to your Direct Express card account for you to access each month. See below for more on your rights under state law. If youre linking Zelle to a Visa or Mastercard debit card, then youll need to download the Zelle app to get started. Over 100 million people use Zelle to transfer nearly $500 billion annually, which is a staggering amount of money, says Monica Eaton, COO of Chargebacks911. Like Bank of America, you can open a Chase account without a Social Security number, but the ability to do so may depend on your visa or Green Card status. The fraudster then uses Zelle to transfer the victim's funds to others. *About Early Warning Services, LLC We may also receive compensation if you click on certain links posted on our site. Then, enter the . You have many options when it comes to a money transfer, but nearly all will require at least some documentation to establish your identity and keep the provider out of hot water with the government. Please note that simply deleting the App from your device without selecting Delete Account (via the Apps settings) will not result in yourZelleprofile being closed and deleted. Like Bank of America, you can open a Chase account without a Social Security number, but the ability to do so may depend on your visa or Green Card status. She is quoted on such sites as Lifehacker and CertifiKid, and ghostwrote Copyediting and Proofreading for Dummies, published by Wiley. Appeal if we decline to act on any of the above requests youve made, To exercise this right, call us at 844.212.9102 (Monday through Friday, 8am to 5pm AZ, excluding federal holidays). We will not disclose information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures. 3.. 10. our bank and credit union partners (e.g., when you send or receive money using the App, we disclose information with them to facilitate the transaction); our service providers (e.g., companies that help us provide the. New York, NY, 10016. Even if you do not make the privacy choice set above, we will not share information that we have about you with non-affiliated third parties, except for Everyday Business Purposes (defined below). Confirm details with the provider you're interested in before making a decision. CreditDonkey does not include all companies or all offers that may be available in the marketplace. Available online nationwide except in Alaska, Hawaii and Puerto Rico. Paysend offers transfers to more than 70 countries through its app and online service. Zelle is a P2P (peer-to-peer) system that allows you to send money quickly and conveniently from your credit card or bank account, only requiring you to enter the recipients phone number or email address.