We don’t have IBAN. Worse, we have routing and account numbers that CAN be used for an ACH transfer but many banks are disabling this functionality on personal accounts because people kept falling for scams.
And now you shouldn’t zelle someone unless you’ve met this person in real life and not online. And when you zelle you enter their phone number and then you get a one verification code sent to your phone number. They really like to complicate things. Where is the fucking cash anymore? I would rather slide someone a round $5 and expect no change than zelle someone $4.50 for the coffee.
Edit: the reason is because of scammers using people personal phone numbers and hacking their carriers (or sending via their phone line idk how they do it tbh) my mother got a text from a friend and bought them $500 in apple gift cards. I heard they now copy speech and can mimic your voice for calls so have a passphrase with your grandma so she doesn’t send you the $100 from her ss check
We don’t have IBAN. Worse, we have routing and account numbers that CAN be used for an ACH transfer but many banks are disabling this functionality on personal accounts because people kept falling for scams.
And now you shouldn’t zelle someone unless you’ve met this person in real life and not online. And when you zelle you enter their phone number and then you get a one verification code sent to your phone number. They really like to complicate things. Where is the fucking cash anymore? I would rather slide someone a round $5 and expect no change than zelle someone $4.50 for the coffee.
Edit: the reason is because of scammers using people personal phone numbers and hacking their carriers (or sending via their phone line idk how they do it tbh) my mother got a text from a friend and bought them $500 in apple gift cards. I heard they now copy speech and can mimic your voice for calls so have a passphrase with your grandma so she doesn’t send you the $100 from her ss check