How to Get You Paltry Piece of the Wells Fargo Settlement

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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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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