Get started on your savings goals with Spend to Save
Due to supply-chain issues and inflation, the cost of everyday items is increasing. Saving money is becoming more challenging – but it’s not impossible.
Arsenal provides links to external sites for the convenience of its members. By clicking “Continue” you will be directed to an external website owned and operated by a third party. The credit union is not responsible for the content of the alternate website and does not represent either the third party or the member if the two enter into a transaction. When you exit our site, our Privacy Policy is no longer in effect. Thank you for visiting us online. Please return when you need information about Arsenal’s products and services.
Zelle® is a fast, safe and easy way to send and receive money with people you trust, like your baby...
Smishing: A silly word with serious consequences
Don’t get burnt with fraud while traveling this summer
10 tips to stay safe on social media
Whether you just enrolled with Zelle® or have been an active user for a while, there are a few tips you should always keep in mind to ensure you are being safe when sending money.
Located conveniently in your Arsenal mobile banking app, Zelle® enables you to send and receive money with friends and family, no matter where they bank. Follow these easy tips to use Zelle® safely:
Money moves fast with Zelle®, directly from your online banking account to another online banking account with access to Zelle® within minutes*. So, it’s important you know and trust the people you’re sending money to.
Why? Because you can’t cancel a payment once it’s been sent, if the recipient is already enrolled with Zelle®. And if you send money to someone you don’t know for a product or service you might not receive (like paying for something in advance), you may not get your money back. Keep in mind that sending money with Zelle® is similar to handing someone cash.
One example of a payment scam is buying event tickets at a price that seems too good to be true from a stranger and never receiving them. If the seller asks you to use Zelle® to purchase the tickets, you should refuse unless the seller is a person you personally know.
Also, keep in mind that no one from Arsenal Credit Union will ask you to send them money with Zelle® as a test or to send money to avoid a fraud event.
Neither Arsenal Credit Union nor Zelle® offers a protection program for authorized payments made with Zelle®. So, if you aren’t sure you will get what you paid for, you should use another payment method with purchase protection, such as a credit card.
Did your friend change phone numbers recently? It’s easy for people to change their phone number or email address. When in doubt, contact your friend to verify the email or U.S. mobile number they used to enroll with Zelle® before you hit “Send.” Another good check point for ensuring you’re paying the right person is to confirm the first name that is displayed for enrolled emails and U.S. mobile numbers.
If a person has already enrolled a U.S. mobile number or email address with Zelle®, you can’t cancel the transaction, so it’s important you get it right the first time.
If you’d like more information on safely using peer-to-peer payments, check out these articles from the Federal Trade Commission (FTC) and Consumer Financial Protection Bureau (CFPB).
*U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes.
Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.