Wells Fargo Data Breach Class Action Investigation (2024)

FAQs

How much will each person get from Wells Fargo Settlement? ›

For automobile repossessions, compensation is “at least,” but is not limited to, $4,000. For mortgage holders that were unable to modify their mortgages to avoid foreclosure, damages average $24,125 per claimant. For deposit accounts, customers average $100 in damages.

If, for whatever reason, you believe you're owed money and the bank has not yet made contact, you may call Wells Fargo at 844-484-5089, Monday through Friday, from 9 a.m. to 6 p.m. Eastern time.

However, if you are an eligible settlement class member with an uncashed payment, you may still claim your payment. To do so, you must send a written request, either via email to info@wfsettlement.com, or via U.S. Mail to: Wells Fargo Unauthorized Accounts Settlement, P.O. Box 2594, Faribault, MN 55021-9594.

Contact us immediately at 1-800-TO-WELLS (1-800-869-3557) 24 hours a day, and 7 days a week, if you see discrepancies or unauthorized activity on your Wells Fargo accounts. We will carefully review them for reimbursem*nt in accordance with our policies.

Status of your claim

Please keep the claim number for your records. You can view the status of your claim by signing on to Wells Fargo Online^®. When we complete our research, you will receive a final resolution letter.

The amount that each harmed consumer will get (or already got) depends on the specifics. For customers whose vehicles were wrongly repossessed, the remediation includes $4,000, but could be higher. For deposit accounts that were wrongly frozen, the settlement calls for $150 for each affected customer.

To order checks by phone: Personal accounts: Call Wells Fargo at 1-800-TO-WELLS (1-800-869-3557). Business accounts: Call Harland Clarke Corp. at 1-800-237-8982.

The general rule relative to the taxability of amounts received from lawsuit settlements is IRC 61 which states that all income is taxable from whatever source derived unless exempted by another section of the Code.

Wells Fargo Bank's general policy is to make deposited funds available on the first business day after the Bank receives a deposit. In some cases, however, we may place a deposit hold on these funds and delay availability for up to 7 business days.

Customers whose accounts were improperly closed or frozen, falsely charged overdraft fees or mistakenly billed account service fees may be eligible for refunds.

How to claim 200 from Wells Fargo? ›

To get the Wells Fargo $200 Cash Rewards bonus, you have to get approved for the Wells Fargo Active Cash® Card and spend $500 within the first 3 months from account opening.

To address any harm you endured, the law gives you the right to seek financial compensation following a data breach. You can and should seek legal recourse from a company that exposed your data, and you can file a lawsuit to obtain payment for your losses.

The incident, confirmed by the California-based banking giant, was not a cyber-attack but rather a violation of company policies. The employee involved sent sensitive information to a personal account, leading to their termination.

By law, you've got to report a personal data breach to the ICO without undue delay (if it meets the threshold for reporting) and within 72 hours. You might end up not needing to report it, but start a log anyway, to record what happened, who is involved and what you're doing about it.

Earn a $200 cash rewards bonus when you spend $500 in purchases in the first 3 months.

The Wells Fargo daily ATM withdrawal limit varies but is usually $300, which is low compared to some of the best checking accounts. It is possible to request a higher limit, but it's not guaranteed.

Wells Fargo is sending checks to some current and former customers. Here's what to know. Wells Fargo has recently been sending checks to past and and former customers. Earlier this month a Houston man received an unexpected communication from his former bank, Wells Fargo, and a check for slightly more than $8,000.