Banklady Credit Doctor

Category: Wells Fargo

  • Missing a direct deposit in your Wells Fargo account?

    Wells Fargo customers have reported that their direct deposits were missing from their accounts on Friday morning, according to reports. Customers took to social media to report that their direct deposit funds had disappeared from their Wells Fargo accounts which left some in the negative.

    Everyone is uneasy that Silicon Valley Bank and Regional Banks have been showing troubling signs this week. It did not makes things any better when some Wells Fargo customers posted online that their direct deposits and scheduled paychecks were missing from their online banking accounts this morning.

    Many expressed their dissatisfaction on Twitter, and questioned where their money is.

    One person reported that he woke up to overdraft protection emails, adding, that Wells Fargo ”better have a good explanation because I had a paycheck yesterday.”

    “This is likely the last straw for me with Wells Fargo,” another person posted.

    A user even reported being “broke on payday” and not able to buy breakfast.

    “Not only was my payroll deposit taken back after being posted to my account on Thursday, but my account is also now overdrawn by $1,200. I have bills due and groceries to purchase. Going to spend the day bank shopping I guess,” said one person.

    Downdetector.com, an outage monitoring website, indicates that a surge in users experiencing problems occurred at 7 a.m. on Friday morning. There were more than 400 detected reports.

    A Downdetector user who has been with Wells Fargo for years posted that the bank has “been good to work with, but would be better if they used email to inform us all. My accounts are ok.”

    Wells Fargo says accounts are secure

    Wells Fargo sent a message to customers acknowledging the issue and saying that it may be due to a technical problem, and that they are working to resolve it. Some customers are uneasy considering this is not the first time they have had issues the past several years.

    The message on the bank’s mobile app and the website said: “If you’re experiencing an issue with our online services, we apologize for the inconvenience. We’re working quickly to resolve it.”

    A Wells Fargo spokesperson provided the following statement to ThinkAdvisor: “Wells Fargo is aware that some customers’ direct deposit transactions are not showing on their accounts. However, funds in accounts are accurate and available.”

    The bank has not disclosed how many customers have been affected by the issue or provided any additional information about the cause at the time of reporting.

  • Deposit $25 at Wells Fargo for Free $250 Bonus

    Wells Fargo offers a $250 Bonus to New Customers who open an eligible Wells Fargo Everyday Checking Account with the Minimum Opening Deposit of $25. They also need to fulfill one of the easy Bonus Qualifications. This offer was public but is not just targeted.

    Follow the directions below for the $250 Bonus:

    1. Go here wellsfargo.com/250offer  and enter your zip code to Open an Everyday Checking Account. You can also visit a branch.
    2. Fill out the form and deposit $25
    3. Within 60 days of account opening, either make 10 purchases/payments with your Wells Fargo Debit Card or establish a qualifying Direct Deposit of an accumulated $500 or more to the consumer checking account opened for this bonus offer.
    4. The $250 bonus payment will be deposited into your new consumer checking account within 45 days after eligibility and qualifications have been met.
    5. Note that a $10 account service fees apply if you do not have direct deposit or make ten debit card transactions so make sure to follow the terms so you do not pay any fees.

    Eligibility:

    All consumer checking accounts, including non-interest-earning checking accounts (except Teen Checking) are eligible for the bonus of $250. The prepaid Wells Fargo EasyPay Card is not eligible.

    You cannot be:
    A current owner on a Wells Fargo consumer checking account
    A Wells Fargo team member
    A recipient of a consumer checking bonus in the past 12 months (limit 1 bonus per customer)

    Bonus Qualifications:
    Open a new, eligible consumer checking account with a minimum opening deposit of $25 (not including the bonus) by February 17, 2017.
    Within 60 days of account opening, either make 10 purchases/payments with your Wells Fargo Debit Card or establish a qualifying Direct Deposit of an accumulated $500 or more to the consumer checking account opened for this bonus offer.
    The 10 debit card purchases/payments must be from the primary linked consumer checking account opened for this offer.
    A qualifying Direct Deposit is your salary, pension, Social Security, or other regular recurring monthly income, electronically deposited to your consumer checking account by your employer or an outside agency. Transfers from one account to another or deposits made at a banking location or ATM do not qualify as a Direct Deposit.
    Offer available in all Wells Fargo branches or online.

    This is a great deal similar to the Region’s Bank offer of $300 (and $400 at some times) going on right now with the same qualifications. We recommend the Region’s Bank offer first since it also requires 10 debit card transactions to get the bonus and a $1,500 deposit to avoid fees and this offer comes in second place. These are by far the two hottest bank bonuses of 2017 so far! This is also the best Wells Fargo bonus out there even better than the ATM bonus they give non Wells Fargo customers when they print out their ATM receipts.

    A tip on using the debit card for 10x transactions is to use it on smaller transactions such as one item at a convenience store. You want to make sure that you do not overdraw your bank balance trying to use the debit card 10 times on anything more than $10 each purchase.

    Wells Fargo recently went through a bad PR event with its CEO resigning and this may be a way of them winning over customers again. For those of you who still are not trusting the bank the Region’s Bank offer is in some states that is actually a better deal anyway. You can always get the bonus from this offer and then close your Wells Fargo account once you serve the bonus posting time of 6 months or so.

  • Former Wells Fargo Employee wants you to Close Your Account

    closeyouraccount-wellsfargoKevin Pham, a former Wells Fargo employee made a Facebook post has been shared over 4,000 times to raise awareness over the bank’s latest scandal. He asks customers to back up their words with action unlike John Stumpf the CEO of Wells Fargo. He created a Facebook event to coordinate a “National Close Your Wells Fargo Account” day, so we all can send a clear message to not just Wells Fargo but to all banks. That they will no longer be able to make millions by defrauding the American people without suffering consequences.

    If you do plan to close your account you may want to consider a smaller bank or a credit union or this will happen at any other big bank.
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  • 5,300 Employees Created 2 Million Fake Credit Card & Deposit Accounts at Wells Fargo

    5_300_wells_fargo_employees_fired_over_2_million_phony_accounts_-_sep__8__2016Wells Fargo fired 5,300 employees who created over 1/2 million credit card accounts and over 1.5 million deposit accounts…without customer knowledge or consent. You better check your bank statements if you have one with Wells Fargo. Most of us know the bank for our mortgage loans they bought from other lenders who they now control. The headlines are coming in about Wells Fargo and they are speaking of the people fired. Oh, just 5,300 people. Are you kidding me? What is going on over at Wells Fargo who we trust with our mortgages – you know home ownership…

    Well Fargo fired 5,300 employees related to employees that are stealing from the bank and its consumers which is almost 2% of their 268,000 employees. Wells Fargo employees submitted applications for 565,443 credit-card accounts without their knowledge or consent. Probably for bonuses. Bank employees opened up over 1.5 million deposit accounts that may not have been authorized.

    “Wells Fargo employees secretly opened unauthorized accounts to hit sales targets and receive bonuses,” Richard Cordray, director of the Consumer Financial Protection Bureau, said in a statement.

    Wells Fargo will pay $185 million in fines plus $5 million to refund customers. That’s about $2.50 refund per bogus account. This could be the end for Wells Fargo as we know it. Although do you really think this is not going on at Chase or Bank of America? I wonder if Pam Codispoti, President of the Mass Affluent business for Chase Card Services and formerly of American Express, who spoke today on Bloomberg Business has looked into this issue. My take is that employees are looking for that bonus and with the consumers information they can easily apply for a credit card without someone’s consent and reach that bonus.

    If you are affected by this then let us know what phony accounts were opened in your name and by what bank. Also, let us know how the bank reacted to your situation.