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
  709 Hits
709 Hits

Search Blogs Module

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