Wells Fargo
Reviews and Complaints

to the incompetent *** below. Apparently you have never come close to losing your home ( NOT AT YOUR OWN DOING ) Does Wells Fargo sign your check?

Or do i pay your bills out of my escrow (which they stole money illegally from) AND THEN, took an entire year of phone calls and *** and run arounds to get my ****ing money.

And to the People who are losing their home: Im sorry that you have a loan with Wells Fargo and are losing your home. Sadly I know what you are going through. And even having 2 people in the home working they are still dicking people out of money ILLEGALLY. Its not the people's fault (or at least not always) some people do pay their bills on time.

People don't deserve to get their homes taken. Especially if they have no good reason for it.

Wells Fargo does not treat people with respect. They think that they can take money from people and think that people should just take it lying down.

Blah, Blah, Blah. Listen to yourself.

You say your husband works all day and has problems making payments. Do you even have a job? God *** lady, stop *** and get up and make some money, help him out. Either way he's reponsible for paying his bills.

If he has to be "threatend" for not making his end of the deal then so be it! Get a fricken job, I hope you loose your house if your as lazy as you make yourself sound on here!

It's all about smoke and mirrors, and kick-backs to politicians. My and your tax dollars are what bailed these pieces of crud out, and ballooning rates and repos is all we get for our sacrifice...and of course, deeper in China's dept, so that when these creeps get finished treating their families and themselves to lavish vacations, $100.000 cars and million dollar bonuses, our impoverished children can spend the next 50 years paying for their comforts.

It's not just the banks...it's as much our government - all need to be up-rooted if this ever going to change. We the people are just plain weak and powerless to do anything about it using conventional methods such as the power of vote, you see, as they decide WHO we get to choose from when voting...Russian roulette will find your financial brains all over the wall when all chambers are loaded, and that's what we get when voting here in America...both sides are corrupt as Iran and/or Russia. The only real difference is that Russia has the balls to not worry about hiding it, whereas our government officials are weasels and lacking balls, so they, and all these financial institutions, just flat use trickery and deception to drain the peole of all they can...which basically is everything! Anymore, you can't own anything without insurance on it.

You can't get insurance at an affordable rate unless you have good credit.

You can't have good credit unless you apply for and use credit, and it's one great-big vicious cycle that is well thought-out by politicians and banks and insurance companies, designed to do one thing, and one thing only - drain the life out of us, while theirs flourish. In the end, you're either a part of their turtle club, or you're the masses, which get raped by the *** we elect to office :upset

The suddenly raised my pmt almost double due to taxes I paid and ARM without notice. Then someone from wells fargo calls and tellsme to catchup the would settle for $7000.00 IF I PAID IT RIGHT NOW but they wouldnt write a letter saying they wouldnt forclose.

I sild my house but wells fargo changed the locks so the buyers couldnt do the final walk through. They knew it was selling because they accepted the shortsale. It seems like they tried everythng to keep the sale from happening since they were auctioning it off in 4 days. This should be illegal.

I financed my new house with 1st national of new york and have never been happier. They are so nice and wells fargo was threatening and rude

I agree with everone who has posted! I have NEVER had problems with banking until Wells Fargo took over my Wachovia accounts - now I have fees upon fees, withdrwals deliberately taken out BEFORE deposits are recorded, and today, they reported me to the credit bureaus because my credit card was over limit by $16.91 - THE DAY AFTER IT WENT OVER LIMIT - without ever alerting me, or allowing me to correct it. I have 12 accounts with Wells Fargo, and will closing them all as soon as humanly possible!

I absolutely LOATHE the way Wells Fargo runs their overdraft system and their online banking in general. I used to rely on my online banking account to check my balance until WF completely screwed me over.

What they basically do is this:

They show you your total balance: X dollars

You make a purchase: Y dollars

They show you your new balance: X dollars- Y dollars

Then 2 or so days later, your purchase is nowhere to be found on your "account activity", and they show you your balance without the purchase: X dollars

If you make a lot of purchases or simply TRUST YOUR *** BANK TO GIVE YOU ACCURATE INFORMATION, then you see your balance as X dollars and believe that that is your true balance.

Because you believe that is your balance, you spend X dollars.

Suddenly, your previous purchase of Y dollars appears, and your balance is NEGATIVE Y DOLLARS.

Wells Fargo proceeds to charge you a significant overdraft fee.

This is deliberate manipulation of data in order to fool trusting costumers into paying unnecessary overdraft fees. I sincerely wonder how many MILLIONS of dollars WF has made off of this little scam. When this first happened to me, I called my local WF to complain, and they told me to keep a physical log of all of my purchases and keep a running balance written down in a notebook. That is what I do now, but the entire purpose of online banking is to do that for you.

DON'T TRUST BANKS. DON'T TRUST WELLSFARGO. It is a soul-sucking, merciless megacorporation that, if given the chance, will rob you of all your worldly possessions and then, when all else is lost, feast on your very flesh.

The way WF runs their overdraft protection system maximizes their potential to make sure that you misunderstand what money is in your account and what isn't so that they can charge you an overdraft fee. It's an automatic process that pulls money from my backup account to the checking/debt account. I can do this process myself online without a fee but they prefer to charge me 12.50$ every time they have to do it... it's an automatic computer action... F U WF.

How they process transactions is another way that is a horrible practice. For example I setup AT&T to take out my phone bill on the 14th, it just so happens that the 14th was also my payday. So I didn't worry about if I had the money in the account because it was being paid. Oh no, no no no. Wells Fargo said that the AT&T transaction happened before the direct deposit for my paycheck... so they charged me an overdraft fee. I should not have to bank hour by hour in order to avoid fees from these money raping monkies.

Taking my money to a credit union, F the banks and *** WF

They are a greedy bunch of incompetent scumbags.Get this,they don't even have to document customer interactions over the phone or any account changes they've made or who you spoke with.so one person can tell you something,you can get their name and when you spoke to them and it can be total lie.I told them how I have done customer service for 7 years for various companies and NEVER have I heard of such a negligent policy.You are always required to document EVERY customer interaction.I've worked for some bottom of the barrel companies and this is always required,of course not word for word but some kind of documentation on who you spoke with and what was done to the account.You would think someone as prestigious as a nationwide bank would require this but they don't.I was completely lied to about the overdraft policies by a guy named clint who I spoke with on the phone and when my account had overdraft fees I demanded to speak to him and why he lied to me and nope no record jus a buttload of overdraft fees and a "sry but thats the policy,tough luck"I demanded to speak to a supervisor and upon telling him this he HUNG UP on me.NEVER DO BUSINESS WITH THESE ***

Is there ANY branch of Wells Fargo that IS competent? We're have a small business and have banked with them personally for years.

Over the last 2 years, w have had huge problems with branch bankers, branch managers (who have since been promoted),their corporate business banking reps, online billpay, and the investigative bankers of the various groups.

Each of our numerous and varied problems resulted in no apologies, multiple charges for us that took too Hurculean an effort to work through. These widely varying issues involve such situations as a stopped check that was easily cashed at a WF branch, a billpay that took over a month to reach the payee (resulting in work stoppages), transferring money from the wrong accounts and denying it vociferously when the evidence was overwhelming (of course resulting in charges to us) and so many more to enumerate.

wells fargo sucks!! i hate banks of all kinds..they make Jesse James look like an angel. at least he didnt shoot people in the back.

Dear I hate Wells Fargo. I make my payments on time.

I don't get those calls to remind me of my promise to pay timely.

by the way if you really want to see who is "***", check your spelling next time. Might add a bit of credibility to yourself.

So I posted this note on my facebook account......I hate WELLS FARGO - letter to them: When I first bought my house my lender was NOT wells fargo then the houseing market started to go for the worse and Wells Fargo purchased my loan, I received a notice from my previous leander and I cried that day because I really hate your company. You disgust me. Is it possible for you to show me that there is a sincere and trustworthy party to deal with. All I am asking is for honest and respectable measures to be taken. I paid my account in July - you even sent me a bill for aug showing the payment was made - now I received a second letter showing that I am behind, so we called you and now we are being charged a late fee and a fee to process the account, because of your error- and your also going to report negatively on my credit - I think you owe me money. Let's make it fee $40 dollars every day you don't credit my account the processing fee and late fee, if you report negativly on my credit report I will be taking you to court. Sincerely, me

then my friend who works for a bank posted the following:

You know they're being sued in federal court and they've been forced to close Wells Fargo Financial, right? You may be due more than you're asking for. I can send you more info from work tomorrow or you can look up Consumer Action's website.

When she give me more info I will also post on this forum.

To Xguccigrl:

You're the loser that can't keep track of her bank accounts and make the payments on time. You're the *** for not making sure everything was in order. How does it feel to be so ***?

Uh Sally..No it is not my fault. Again, they were using my correct account number for the payments, but using the old account number for my NSF fees that HAD ALREADY been paid when I paid the account in full.

Also, automatic payments are offered by Wells Fargo as an incentive for the 0% rate.

You should read the post fully before you judge someone by calling them an ***. Now adjust you Wells Fargo name tag and answer some calls at their collections call center that you work for...Loser.

automatic payments is just asking to be scammed. By the way sally, which public relations firm do you work for?

I will never set an automatic payment. Automatic payments only benefit the banks, for one there are no physical evidence linking to a payment.

Use the old fashion way, please write a check for each payment. Banks do not like customers to write checks, becasue it cost them money, and the customers have no prove of payments.

Please help yourself by writing a check for each payment, and make sure your payment is posted in a timely manner. Please accept my advises, becasue I used to work for the banking business.

I have been in contact with Wells Fargo for the last three months to keep my home from going into foreclosure. I am three months behind in payments due to a hardship.

They tell me that I am about to go into foreclosure status but want me to continue sending them payments and to call them every sixty to ninety days to stay in modification review but unfortunately, they can't stop the foreclosure. I don't have the money to keep sending them if they are going to take my home anyway and not willing to help. They are full of it.

They don't want our properties but not willing to help but they took bailout money from the government but won't help people who really need their help. They should be ashamed of themselves.

after almost 1 year of dealing with wells fargo. on a home loan modification i too am still with no answers, they tell me i am still in review.

i can not take anymore of this. we are behind and upside down in our house.

any help would be greatly appriciated.. montana mike

We have been in loan modification since May 2009. They have done absolutlely nothing.

Now in November 2009 they send a letter saying the modification has been cancelled. WTF! Why, they have done nothing but tell us it is under review for the past 6 months. There has to be something we can do about this ***.

The worst part is I would have never gotten my loan with them.

My original loan was sold to them. Go figure.

July 31, 2009MADIGAN SUES WELLS FARGO FOR DISCRIMINATORY AND DECEPTIVE MORTGAGE LENDING PRACTICESIllinois Attorney General Alleges Lender Steered African-Americans, Latinos Into Subprime LoansChicago—Attorney General Lisa Madigan today filed a lawsuit in Cook County Circuit Court against one of the nation’s largest mortgage lenders and servicers. The complaint alleges that Wells Fargo and Company; Wells Fargo Bank, N.A., also doing business as Wells Fargo Home Mortgage; and Wells Fargo Financial Illinois, Inc., illegally discriminated against African American and Latino homeowners by selling them high-cost subprime mortgage loans while white borrowers with similar incomes received lower cost loans.“As a result of its discriminatory and illegal mortgage lending practices, Wells Fargo transformed our cities’ predominantly African-American and Latino neighborhoods into ground zero for subprime lending,” said Madigan.

“The dreams of many hardworking families have ended in foreclosure due to Wells Fargo’s illegal and unfair conduct.”Madigan’s lawsuit, which is the result of an investigation into possible violations of fair lending and consumer fraud laws, cites marked disparities in Wells Fargo’s lending data. In 2005, according to an analysis of Chicago-area data, approximately 45 percent of Wells Fargo’s African-American borrowers and 23 percent of the lender’s Latino borrowers received a high-cost mortgage. That same year, only about 11 percent of the lender’s white borrowers received high-cost mortgages. The trend continued in 2006, with approximately 58.5 percent of Wells Fargo’s African-American borrowers and 35 percent of its Latino borrowers in the Chicago area receiving high-cost mortgages, compared with only 16 percent of white borrowers.

In 2007, approximately 49 percent of Wells Fargo’s African-American borrowers and 25 percent of Latino borrowers were sold a high-cost loan in the Chicago area, compared with only 15 percent of white borrowers.The lawsuit also follows a recent Chicago Reporter analysis of mortgage data submitted by Wells Fargo to the federal government. That study found that, in 2007, Wells Fargo sold high-cost, subprime loans more often to its highest-earning African-American borrowers in Chicago than to its lowest-earning white borrowers. According to the study, in 2007, about 34 percent of African Americans earning $120,000 or more received high cost mortgages from Wells Fargo in the Chicago metro area, while less than 22 percent of white borrowers earning less than $40,000 received high-cost mortgages from the lender. “These disparities indicate that something is very wrong with Wells Fargo’s mortgage lending,” said Madigan.

“They strongly suggest that the predictor of whether a borrower would receive a high-cost home loan from Wells Fargo was race, not income.”Madigan’s complaint alleges that Wells Fargo established highly discretionary lending policies and procedures with weak oversight that permitted Wells Fargo’s employees to steer African-Americans and Latinos into subprime loans. As cited in the complaint, Wells Fargo’s discretionary policies and procedures included a compensation structure that rewarded employees for placing borrowers into high-cost mortgages.The complaint also alleges that Wells Fargo targeted African-American borrowers for the sale of high-cost loans by hosting a series of “wealth building” seminars in cities throughout the country, including Chicago.Madigan noted that high-cost, subprime loans of the kind sold by Wells Fargo are defaulting and going into foreclosure in record numbers, and are largely responsible for triggering the worst economic recession in recent memory. The Attorney General’s complaint comes as the home foreclosure crisis continues to affect hundreds of thousands of homeowners in Illinois and across the nation. Illinois saw almost 69,000 foreclosure filings in the first half of 2009, up nearly 30 percent from the first half of 2008.

In Cook County alone, it is anticipated that mortgage foreclosure filings will top 52,000 by the year’s end, compared with 43,876 in 2008.“By targeting African-American’s for the sale of its highest-cost and riskiest loans, Wells Fargo drained wealth from families and neighborhoods and added to the stockpile of boarded-up homes that are an open invitation to criminals,” Madigan said.Additionally, the lawsuit alleges that Wells Fargo Financial Illinois, a subsidiary of Wells Fargo and Company that primarily originated subprime loans, engaged in unfair and deceptive business practices by misleading Illinois borrowers about their mortgage terms, misrepresenting the benefits of refinancing, and repeatedly refinancing loans, also known as loan flipping, without any real benefit to consumers. Also, Wells Fargo Financial used deceptive mailings and marketing tools to confuse borrowers as to which division of Wells Fargo and Company they were doing business with – prime or subprime. As a result, borrowers believed they were doing business with Wells Fargo Home Mortgage, which offered mainly prime loans, when in fact they were dealing with Wells Fargo Financial, a predominantly subprime lender.The complaint alleges violations of the Illinois Human Rights Act, the Illinois Fairness in Lending Act, and the Illinois Consumer Fraud and Deceptive Business Practices Act, and asks the court to rescind all contracts entered into between Wells Fargo and Illinois consumers by the use of methods and practices declared unlawful and to grant full restitution to the consumers. In addition, the lawsuit asks the court to impose civil penalties for the violations, permanently enjoin Wells Fargo from conducting the alleged illegal activity, and order Wells Fargo to pay court costs and attorneys’ fees.Madigan has investigated Countrywide Home Loans, the nation’s largest mortgage lender and servicer, and found evidence that the lender violated fair lending laws.

Madigan has provided the results of her analysis to Countrywide and is waiting for the lender’s response. In November, 2008, Madigan negotiated a ground-breaking, national $8.4 billion settlement in a predatory lending lawsuit against Countrywide.

The settlement established the first mandatory loan modification program in the country and now serves as a model for other lenders and the federal government for how to help homeowners stay in their homes and stabilize communities.Illinois homeowners who believe they may be victims of Wells Fargo’s discriminatory and deceptive lending practices can contact the Attorney General’s office via a special e-mail address at wellsfargosuit@***.state.il.us or by calling Attorney General Madigan’s Homeowners’ Referral Helpline at 1-86*-***-**** for assistance.Madigan also reminded homeowners that her Web site at www.IllinoisAttorneyGeneral.gov, provides resources to assist homeowners in crisis including access to her Illinois Mortgage Lending Guide, a resource manual containing step-by-step instructions for those struggling to make their loan payments and a list of HUD-certified counseling agencies that offer default counseling services. Homeowners who do not have easy access to the Internet should call the Attorney General’s Helpline, to quickly receive the guide by mail.

Wells Fargo Customer Data Breached – How Did Cyber-Criminals Get The Access Codes? – Why No Strong Authentication?

Cyber criminals somehow acquired Wells Fargo “access codes” to consumer credit bureau MicroBilt, and logged in and mined the personal data of thousands of individuals. Information accessed included names, social security numbers and addresses.

Here is a link to a notification letter that was sent to the New Hampshire Attorney General on July 31, 2008. What’s ironic is that MicroBilt sells consumer “red flag” identity theft detection services.

One wonders how these “access codes” (I assume this means passwords) were obtained by non-Wells Fargo employees. Could there have been a spear-phishing campaign into the bank to get these access codes? Could there be malware on some Wells Fargo internal computers that is keylogging passwords?

This also highlights the continued need for strong 2-factor authentication to networks and websites. As the world goes more to Software As A Service (SaaS), an increasing number of web services will be hosting critical customer data.

Only five days remain before workers at Quad City Die Casting are scheduled to lose their jobs, and the battle with creditor Wells Fargo continues to brew. Back in May, the bank opted to cut off Quad City's line of credit, endangering the jobs of 100 employees who work at the 60-year-old aluminum manufacturing plant. In the month since, the bank has refused to explain its decision to the workers or to grant extra time for the owners and officials from United Electrical Workers Local 1174 to find another source of financing.

Now the union alleges that Wells is also withholding vacation pay and health insurance benefits from the workforce. A UE press release explains:

UE Local 1174 filed charges with the National Labor Relations Board today because workers are being denied their benefits. The company informed employees that Wells Fargo would not approve the expenditure of owed vacation pay. In addition, they have refused to comply with a 2% wage increase due the employees under their legally binding collective bargaining agreement, pay a floating holiday, and they have eliminated health insurance coverage.

This situation is developing strong similarities to the Republic Windows dispute last December (also led by UE members). As you may remember, the factory sit-in at the company's Chicago factory came after creditors refused to cover severance and vacation payowed to the works under the WARN Act. After workers occupied that plant for six days, the banks in question agreed to fork over the $2 million in withheld payments. In a recent Huffington Post entry, Mike Elk quoted UE political action director Chris Townsend on the effect of that sit-in:

"One of the most interesting things about the Republic Windows occupation is that the banks wanted to settle in as rapid a fashion as possible. Two giant banks -- in one week -- were forced to pay the workers what they were owed to the tune of almost two million dollars. There are lawsuits and legal actions that have been going on for years against banks for similar things that have never been able to achieve those kind of results. These banks don't want to be in the spotlight, they want to hide at all costs. They wanted to settle as quickly in order to stop the movement of this type of direct action from spreading because they know such a movement could crush them."

The Quad City dispute is now in the hands of the NLRB, which will hopefully investigate the allegation promptly. In the meantime, workers will continue pressuring Wells to help save the factory, pointing out that Moline's local economy will take a significant hit if it closes next week.

Wall Street has long worried that the hundreds of thousands of foreclosed houses in the U.S. are losing even more value as they become havens for vandals, vermin and drug dealers looking for a place to crash.

But here’s an unusual squatter: A senior vice president at Wells Fargo & Co., who is in charge of many of the bank’s foreclosed properties.

According to an LA times article this morning, a Wells executive, who is responsible for the bank’s foreclosed commercial properties, was seen throwing parties at a $12 million beach house in Malibu, California, which the previous owners had to surrender to Wells to satisfy debts. According to the article, Wells Fargo had refused to show the house to prospective buyers, perplexing local real estate agents.

For the latest update on this controversy, see our latest post: “More on the Wells Fargo Foreclosure Flap”.

Adding fuel to what must be a public-relations nightmare for the bank is the fact that the couple who lost the home in foreclosure had to give up the property because they were victims of Bernie Madoff’s ponzi scheme.

The Times interviewed neighbors who said they spotted the Wells executive, Cheronda Guyton, throwing lavish parties at the sleek, modern house with a patio overlooking the Pacific. At one party, guests arrived by yacht. (Click here to see pictures of the house)

According to the Times, Guyton couldn’t be reached at her downtown Los Angeles office and Wells Fargo declined to discuss Guyton but said the bank will “conduct a thorough investigation of the allegations.”

It hasn’t been a great week for Wells, one of the nation’s largest mortgage lenders. Banks like Wells are taking heat for failing to modify troubled mortgages quickly enough as part of the Obama administration’s $75 billion foreclosure prevent plan. According to the Treasury, Wells Fargo has started trial mediations for 11% of its eligible borrowers who are at least 60 days overdue. That lags behind the average 12% rate of modifications among the nation’s lenders. Congressional leaders say lenders need to move faster to prevent another wave of foreclosures from stalling the housing recovery.

It appears that at least one Wells executive involved in this effort may have been a bit, well, distracted in recent months.

We also negotiated all summer long with Wells Fargo trying to get a Mortgage Loan Modification. Two months ago they responded saying I do not make enough money to qualify for the Mortgage Loan Modification program.

I have the same job as I did when I first purchased our house four years ago.

Our house is now scheduled for a Sheriff's Sale next month.Wells Fargo took the 3 billion dollars and stuffed in into each others pockets. Wells fargo is run by white collar Criminals plain and simple.

I agree with the first commentor. I have been waiting for 8+ months for Wells Fargo to help me keep my home and give me a Mortgage Loan Modification.

The trouble is Wells Fargo is NOT lending out that "free" government money for people like me. They are filling their vaults and saying "Yippie" we have 3 BILLION in profits. I don't fault the president for this, these banks are crooks and should be exposed as such.

Someone needs to MAKE THEM use (our money) for it's intended purpose. In the meantime, I'm going to have to "walk away" from my home due to their greed.