Big banks are making it easy to zap money to your friends. Maybe too easy. Zelle, a service that allows bank customers to instantly send money to their acquaintances, is booming. Thousands of new ...

As of June 2024, 143 million consumer and small business user accounts were enrolled to use Zelle. Last year, the same group sent money 1.7 billion times.

Zelle uses data encryption, meaning if your account is going to be compromised, it will almost certainly be due to a lack of vigilance or knowledge when dealing with a scammer in disguise.

Zelle, Venmo and Popmoney do not allow you to access your account, or send or receive money while abroad. You’ll likely need to explore options for an international wire transfer, which tends to ...