Banking

How to Get You Paltry Piece of the Wells Fargo Settlement

Written by Steve Rhode

Wells Fargo will pay $142 million to settle a bevy of class-action lawsuits over the bank’s creation of unauthorized accounts.

If you think the San Francisco-based financial institution created sham accounts in your name, here’s what you need to know to get a piece of the settlement.

If you are, or were, a Wells Fargo customer between May 2002 and April of this year, and you believe the bank opened or applied for a checking account, savings account, credit card or line of credit without your permission you might get a tiny check in the mail.

The attorneys who are suing Wells Fargo are expected to get about $21 million. You’ll get $95.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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