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Money Transfer

All articles tagged with #money transfer

consumer-protection1 year ago

"Michigan AG Warns of Persistent Venmo Scam Targeting Consumers"

Michigan Attorney General Dana Nessel warns Venmo users about a scam where fraudsters use stolen credit cards to send money "accidentally" and then ask for it back. When Venmo identifies the transaction as fraudulent, it can withdraw the money from the user's account, leaving the scammer with the funds. Nessel advises caution with transactions involving unknown individuals and highlights other common money transfer scams. Victims are encouraged to report incidents to the Federal Trade Commission.

via MLive.com|
#consumer-protection#fraud#michigan-attorney-general
finance2 years ago

Apple customers face difficulties withdrawing money from Goldman Sachs savings accounts.

Customers of Apple's high-yield savings account, launched in partnership with Goldman Sachs, are experiencing difficulties in transferring their money out of the account. Some customers have reported that their funds disappeared, while others have had to wait for up to seven business days for their money to transfer. Goldman Sachs blamed the delays on "processes in place designed to help protect their accounts." The savings account offers an attractive APY of 4.15%, more than 10 times the national average, but is only available to preexisting users of Apple's credit card.

via New York Post |
#apple#customer-service#finance