Zelle

Posted By: BAY

Zelle - 05/07/19 09:24 PM

We are in the process of implementing Zelle through our mobile app. Customers can tie their debit cards to Zelle transactions. Because of the debit card, would these be subject to Reg E Opt-In in order to charge a fee, if the transaction would overdraw the clients account against their ODP.
Posted By: WillyWonka

Re: Zelle - 05/08/19 01:44 PM

Would the transaction then be processed as a debit on the debit card? If so, then yes - I would say the Opt-In would apply.