Zelle or Venmo or ???

[Kirk W]

4 minutes ago, Chalkie said:

Well, that is not true. You do not give your account number to anyone nor to you need the recipients account number.

On the other hand, when you give someone a paper check, every person that handles that paper has access to where you bank, the bank routing number and your account number. And much of the time the check will also have your address and telephone number. 

Edited November 8, 2021 by Kirk W
repair a typo

[Chalkie]

Just now, Kirk W said:

On the other hand, when you give someone a paper check, every person that handles that paper has access to your bank, the bank routing number and your account number. And much of the time the check will also have your address and telephone number. 

Yup! and a copy of your signature.

[sandsys]

59 minutes ago, Chalkie said:

Yup! and a copy of your signature.

Good one! Made us laugh.

Linda

[whj469]

Since you can't go put money into someone's account any longer, Chase Bank, I use it to give money to my Grandchildren,  via Zelle. You must set that up and have them ok it.

[sandsys]

4 hours ago, whj469 said:

Since you can't go put money into someone's account any longer,

You can't? Been years since I tried so I didn't know that but we used to put money into our daughter's account both accounts being at USAA so it was easy to transfer from one account to the other.

Linda

[GlennWest]

Well, we transferred money into my daughter's account about a year ago

[whj469]

Try again, did you read Chase bank? Banks may have different policies?

[2gypsies]

Information today:    https://www.cnn.com/2021/11/09/success/payment-app-tax-reporting-feseries/index.html

[sandsys]

27 minutes ago, 2gypsies said:

Information today:    https://www.cnn.com/2021/11/09/success/payment-app-tax-reporting-feseries/index.html

This appears to only apply to people selling goods and/or services, not buyers. Not typically for sales on places like Craig's List, though, unless you are selling items for more than you paid for them.

Linda

[Ray,IN]

On 11/8/2021 at 6:14 PM, Chalkie said:

Well, that is not true. You do not give your account number to anyone nor to you need the recipients account number. If you want to send money to someone all you need is their email address. It is up to the recipient to set up a Zelle account to receive the funds. 

Most of the Terms and Conditions in Zelle or other similar things is to make sure Zelle has no liabilities or their liability is limited to a very narrow scope. It is all lawyerese.  

Thanks for the education, I misunderstood the terms and conditions.