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Money transfers & apps

Incorrect exchange rate

Consumers have filed 200 complaints about this, 20 in the last 12 months (-31%), against 55 companies. The most complained-about is PayPal. Companies closed 16% of these with relief.

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Per 100,000 people, last 12 monthsFewerMore

Latest complaints about this

ReceivedCompanyAboutIssueStateAnswerOn time
Oct 28, 2026JPMorgan ChaseMoney transfers & appsIncorrect exchange rateNYMoney backYes
Oct 21, 2026PayPalMoney transfers & appsIncorrect exchange rateCAIn progressYes
Oct 5, 2026First National Bank of PennsylvaniaMoney transfers & appsIncorrect exchange rateNCExplainedYes
Oct 5, 2026Western UnionMoney transfers & appsIncorrect exchange rateMAExplainedYes
Sep 21, 2026PayPalMoney transfers & appsIncorrect exchange rateNCExplainedYes
Sep 9, 2026Wells FargoMoney transfers & appsIncorrect exchange rateFLExplainedYes
Sep 4, 2026Valley National BancorpMoney transfers & appsIncorrect exchange rateVAExplainedYes
Aug 29, 2026PayPalMoney transfers & appsIncorrect exchange rateWAMoney backYes
Aug 19, 2026PayPalMoney transfers & appsIncorrect exchange rateNYExplainedYes
May 13, 2026TapTap SendMoney transfers & appsIncorrect exchange rateTXMoney backYes
May 8, 2026Bank of AmericaMoney transfers & appsIncorrect exchange rateCAExplainedYes
May 3, 2026Citizens BankMoney transfers & appsIncorrect exchange ratePAExplainedYes
Apr 12, 2026Bank of AmericaMoney transfers & appsIncorrect exchange rateCAExplainedYes
Mar 25, 2026JPMorgan ChaseMoney transfers & appsIncorrect exchange rateCAExplainedYes
Mar 9, 2026CitibankMoney transfers & appsIncorrect exchange rateDCExplainedYes

Your rights with payment apps & money transfer services

For international transfers the Remittance Rule gives you 180 days to report an error and a right to cancel within 30 minutes in most cases. Payment apps that hold money in an account are generally covered by Regulation E for unauthorized transfers - report them quickly and in writing. Payments you authorized yourself, even to a scammer, are much harder to get back.

Scam warning: Never send money to someone you only know online, to "yourself" at someone else's request, or to fix a problem with an account. Payment apps work like cash: once it's sent, it is usually gone.

General information, not legal advice; rules vary by state. Plain-English guides

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Complaint records are public consumer complaints filed with U.S. regulators, checked (newest received Nov 15, 2026). Complaints are consumers' own accounts and are not verified; counts grow with a company's size. How the data works

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