Wells Fargo Embroiled in Yet Another Scandal

Sending money to family or making a rent payment through Zelle has many perks -- it is immediate and does not come with the fees commanded by many traditional e-transfers. The instant payment service was launched in 2017 as a collaboration between Bank of America , JP Morgan Chase , and Wells Fargo . Along with being faster than a traditional transfer, Zelle was presented as a way to go directly between two people's banks rather than through an external fintech company like PayPal or Venmo.
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