CARACAS – Zelle, the US-based digital payment network, restored its money wire services to an undetermined number of Wells Fargo clients living in Venezuela after suspending the access to their accounts on June 26, local financial daily Banca y Negocios reported on Thursday.
The company owned by Early Warning Services, a private financial services company owned by several US banks including Bank of America, said in an email to clients that the Transfer Service Addendum had been modified.
“We have modified the Zelle Transfer Service Addendum for the Wells Fargo Internet Access Contract with updated terms and conditions, and to eliminate any outdated information,” Zelle said in the email dated September 29 of this year. The changes for new and existing Zelle clients will be effective immediately.
Zelle did not elaborate on the reasons that led it to make such a decision.
Banca y Negocios said it was able to verify the information and also that it is true that the service is up and running for Wells Fargo clients in Venezuela.
Wells Fargo is currently the US third-largest bank with about $1.80 trillion in total assets.