Asset Planning, Inc Blog

The latest from the team.

Steps Wells Fargo Customers Should Take to Protect Themselves


The shocking news that Wells Fargo employees opened 1.5 million unauthorized accounts and 565,000 credit cards has caused concern for Wells Fargo customers everywhere. Wells Fargo has said that they will be contacting customers who they feel may have had accounts wrongfully opened and invite their customers to come into a branch to do a review with a banker. We feel however that it is good to be proactive and instead of waiting for a call, do a little research on your own to protect yourself. Here are some steps you should take if you are worried that you may be a victim of fraudulent activity.

Check your accounts- Look at your Wells Fargo online account, call Wells Fargo or go into a branch to review any accounts in your name. Make sure that you authorized any accounts that were opened in your name. Also, look through each account for any unusual fees or unauthorized money transfers. Wells Fargo has been accused of charging illegal fees on student loans as well as making unauthorized money transfers between accounts that may have caused insufficient funds charges.

Check your credit report- If you haven’t checked your credit report recently you should check it now. You can get a free credit report every year at Look for any unauthorized accounts opened in your name or any unauthorized credit inquiries made by Wells Fargo. If a credit card was opened without your knowledge and there were fees that you were unaware of and were unpaid those may also have been reported to the credit agencies. If you find any discrepancies contact Wells Fargo immediately as well as the credit reporting agencies (Experian, Transunion, Equifax) to dispute the fraudulent activity and have it removed from your report.

If you are unable to have the issue resolved through the bank or credit agencies you can also submit a claim with the Consumer Finance Protection Bureau by calling 855-411-2372 or online @ .

Continue reading
  756 Hits
756 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
official certification insurance policies rescue organizations Medicare question car loans home CERTIFIED FINANCIAL PLANNER exam Orange County Superior Court Kraig Mathias house sitter identity theft 2017 TD Ameritrade National LINC Conference Mobile Banking Security Tips consumer spending April 15 Supplemental Security Income pet industry Medicare Part B borrowing money Auto insurance client portal retirement accounts account numbers interest rates credit cards trustee phishing scams assets Victor Dergunov Medicare credit card company spring cleaning Shred paperwork retirement planning padlock Open House Retirement Contribution Limits Independence Day vision screening documents Kiplinger Letter Healthcare money ID card retirement clients show support California Lions Friends estate Wells Fargo employees ice cream event June 29 Part D premiums . Puerto Rico identity thieves emergency folder April 18 2017. notary services DNA test kits president Trump opt-out Open Enrollment IRA accounts D premiums Facebook profile privacy settings information Facebook FEMA website credit card fraud prescription eyeglasses Treasury Department Legal robocalls credit score policy chip-enabled EMV cards 2018 IRA contributions pet home security Social Security tax season web address fees health care costs illiegal robocallers VOIP landline phones asset Planning Flexible Spending Account Wells Fargo customers flash drive birth certificates credit freeze Notary Public Orange County estate planning increase July 4 Two-Step Verification Brexit vote Social Security Administration card reader fun facts October 1 2020. relief efforts jury duty Roth IRA 4 pm -8pm tax deadline disaster areas home mortgages Amazon “ skimmer ”. pets retirement plans National Ice Cream month 23 andme 401K Medicare Part B premiums phishing sites FSA 70 1/2. paperwork clutter non-prescripstion sunglasses driver license banking 20 year anniversary Fox News story insurance policy earthquake app portal vacation https :// 2017 IRA contributions April 11 trust clone counterfeits IRS deadline gap insurance home break-ins wells Fargo emergency kit privacy notices pet supplies debt https ://seekingalpha executive order parking spots summer memorial Day weekend Affordable Care Act investment statements clients contribution limit bottom line drive /usb Part B