BEWARE of Text / Zelle Money Transfer Scams

Beware of this Text Messaging scam that transfers money from your bank account with the Zelle money transfer app.   The scam has so far targeted customer accounts at two major US banks  -- Bank of America and Wells Fargo.  But others may be targetted, too

https://www.fox5atlanta.com/news/zelle-scam-police-renew-warning-about-money-transfer-app

The scam starts with the victim receiving a text message from a number claiming to be from a bank’s fraud department. The text will mention a suspicious payment through Zelle and ask the recipient to verify the transfer.  DO NOT FALL FOR THIS.  The scammers walk you through a series of steps to "prevent" the fraud from occurring but are in fact baiting you into a trap of their own.

Victims have not been able to recover lost funds because they approved the Zelle transactions.  Once money is transferred, it's gone forever.