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US Bank Bribes People With Milk Money to use Zelle + I try a Compromise with Zelle. Really.
Manage episode 342734975 series 2636706
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In this podcast I discuss an offer I found through US Bank where the bank is offering select clients $5, yes FIVE WHOLE DOLLARS to use Zelle 2x. What I see as a lacking gesture is also a way to fudge the numbers of "alternative ways to bank" to justify limiting staff and branches going forward. Giving clients a small pittance in order for you to save millions over the years sounds like a bet US Bank wants to take.
I discuss how even people on the Right side of the aisle should heed the calls from their financial experts on the radio that Zelle is bad news so we can all band together and fight back against Zelle. Hey, at least that $5 will offset the $3,000 you lose through ZELLE Fraud lol
Plus, I try to compromise with Zelle. I think you all know by now that I am writing a book on this topic, and frankly, there are a lot of things that I see that no one else is seeing. While I want it to go away permanently, I know that may not be practical, so I discuss in the second segment a compromise that will allow Zelle to operate, protect at-risk clients, and still make it instant for them to send family money while protecting them and the banks as a whole. Yes, I tried hard to reason... Hear me out on the segment
NB Has recovered over $3.4 Million from big banks back to consumers, with nearly $700k of it being Zelle fraud!
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