Bank of America, Zelle Processing of Fraudulent Transactions Complaint

February 24, 2023

Bank of America (BofA) allows customers to withdraw money from their accounts and pay other parties via a service called Zelle. Unfortunately, according to the complaint for this California class action, it also seems to allow unauthorized parties to withdraw money from customer accounts and commit fraud. This class action brings suit against Bank of America Corporation and Early Warning Services, LLC, which does business as ZellePay.com, alleging that in facilitating these unauthorized withdrawals from Californians’ accounts, they have participated in fraud.