Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Wells Fargo letter with check
Old 04-24-2018, 06:37 PM   #1
Thinks s/he gets paid by the post
street's Avatar
 
Join Date: Nov 2016
Posts: 2,741
Wells Fargo letter with check

Today I get this letter from WF and letter said I get a check from a lawsuit they had against them. If you had a mortgage and banked with them the check is for a settlement. I have never done any business with WF in my life time. I call them and they said I have and pretty much called me a liar that I have banked with them. They wanted my SS and I told them they are crazy if I would give that to them. I also told them I didn't want the check/money for 1.06 and said to get me off of their list on people that has banked with them.

So what is up with this and WF? The problems they have had I wonder what is going on now and what more should I do.
__________________

street is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-24-2018, 07:57 PM   #2
Thinks s/he gets paid by the post
SecondCor521's Avatar
 
Join Date: Jun 2006
Location: Boise
Posts: 3,815
Well, Wells Fargo did get in trouble for opening accounts for people without their knowledge, so perhaps some Wells Fargo employee opened an account on your behalf without your knowledge or consent. It's been in the news in the past year or so.

There is a class action lawsuit against Wells Fargo for their misbehavior going on right now. The website is wfsettlement.com. You can read the descriptions there and see if you fall into any of the several class definitions.

If you don't feel comfortable cashing the check, I think you could just tear it up. I have no idea how you get them to delete your information, sorry.
__________________

__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is online now   Reply With Quote
Old 04-24-2018, 09:09 PM   #3
Thinks s/he gets paid by the post
RobbieB's Avatar
 
Join Date: Mar 2016
Location: Central CA
Posts: 4,562
Hehe, yeah you got a check because they opened an account in your name that you never knew about and that's why you don't know about it.

Classic!
__________________
Retired at 59 in 2014. Should have done it sooner but I worried too much.
RobbieB is offline   Reply With Quote
Old 04-24-2018, 09:37 PM   #4
Recycles dryer sheets
 
Join Date: Jan 2017
Location: Charlotte
Posts: 222
Quote:
Originally Posted by street View Post
Today I get this letter from WF and letter said I get a check from a lawsuit they had against them. If you had a mortgage and banked with them the check is for a settlement. I have never done any business with WF in my life time. I call them and they said I have and pretty much called me a liar that I have banked with them. They wanted my SS and I told them they are crazy if I would give that to them. I also told them I didn't want the check/money for 1.06 and said to get me off of their list on people that has banked with them.

So what is up with this and WF? The problems they have had I wonder what is going on now and what more should I do.
Ever have an account with a bank WF acquired in the past 10 years?

Placer Sierra Bank
Greater Bay Bancorp
United Bancorporation of Wyoming
Century Bancshares of Texas
Wachovia
bw5972 is offline   Reply With Quote
Old 04-24-2018, 09:46 PM   #5
Thinks s/he gets paid by the post
street's Avatar
 
Join Date: Nov 2016
Posts: 2,741
^ >>>NO
About 37 years ago I had an account with a Bank they might have bought out by WF. The reason I said might have bought the bank is because Wells Fargo is in that same building today.

I haven't stepped one foot in a WF in the last 35 years. I have never had an account with them ever.
street is offline   Reply With Quote
Old 04-25-2018, 07:39 AM   #6
Thinks s/he gets paid by the post
John Galt III's Avatar
 
Join Date: Oct 2008
Posts: 1,707
$1.06. ie one dollar and 6 cents ?
John Galt III is offline   Reply With Quote
Old 04-25-2018, 09:12 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 15,302
Have you had a mortgage in the last decade?

You do not have to have been in a bank to have a mortgage connected to a bank by a service contract....


IMO you have 2 choices... (maybe 3)....

Cash the check and be done with it....

Do not cash the check and be done with it....


Now, the 3rd is one you said you did not want to do, but if you called them you know it is them.... so give your SS and let them hunt down the account in question...
Texas Proud is offline   Reply With Quote
Old 04-25-2018, 11:01 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 23,714
I'd just cash the check and fuggedaboutit.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is online now   Reply With Quote
Old 04-25-2018, 11:36 AM   #9
Recycles dryer sheets
Choices's Avatar
 
Join Date: Jan 2015
Location: Rural VT
Posts: 299
I would pull my FREE credit report from one of the bureaus and look at that. And then....I dunno. It would be scary to think someone might have opened an account “ for” you.
Choices is offline   Reply With Quote
Old 04-25-2018, 01:32 PM   #10
Thinks s/he gets paid by the post
street's Avatar
 
Join Date: Nov 2016
Posts: 2,741
Yep very scary. I did a credit report from two different companies last winter. All was good at that time. The reason I did because someone called about a car loan i had. I haven't had a car loan for 30 years. LOL! So I did the report and all was fine.

I will go in and talk face to face with a person from WF as soon as I can. We have a WF in the town I live. I will not cash the check but will keep it on file with the info I got on the phone with these whackos.
street is offline   Reply With Quote
Old 04-25-2018, 01:38 PM   #11
Full time employment: Posting here.
CaliKid's Avatar
 
Join Date: Apr 2016
Location: Cali
Posts: 961
Maybe it's fake and just an attempt for you to give your SSN!?
__________________
______________________
Hoping to get out around September 1, 2022... I hope, I hope, I hope. Until then off to work I go....
CaliKid is offline   Reply With Quote
Old 04-25-2018, 01:42 PM   #12
Thinks s/he gets paid by the post
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Citizen of Texas
Posts: 3,509
I wonder what they might say if you gave them a fake SSN and then asked them to verify it against their records to be sure it's correct?

Sounds like a scam to me.
Car-Guy is offline   Reply With Quote
Old 04-25-2018, 02:18 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 15,302
Quote:
Originally Posted by street View Post
Yep very scary. I did a credit report from two different companies last winter. All was good at that time. The reason I did because someone called about a car loan i had. I haven't had a car loan for 30 years. LOL! So I did the report and all was fine.

I will go in and talk face to face with a person from WF as soon as I can. We have a WF in the town I live. I will not cash the check but will keep it on file with the info I got on the phone with these whackos.

Those calls are fake... IOW they call and ask about your car loan because almost everybody has one... you will say something and they get info on you and try and have you change or something else...

Kinda like the extended warranty... we get those saying your extended warranty is about to expire and do you want to extend....
Texas Proud is offline   Reply With Quote
Old 04-25-2018, 02:35 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 7,288
If you don't want to cash it, just throw the check away and get on with your life. This is just not important enough to worry about.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Old 04-25-2018, 09:53 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 4,556
Quote:
Originally Posted by John Galt III View Post
$1.06. ie one dollar and 6 cents ?


That's what I'd like to know also.
If it is just don't give em any info and fahgettaboudit.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 04-25-2018, 10:22 PM   #16
Thinks s/he gets paid by the post
street's Avatar
 
Join Date: Nov 2016
Posts: 2,741
Thanks for the input. I'm not worried about it but I will stop by their bank and talk to someone there about it. I know some of the people that work at WF so I will see what they say. Not cashing the $1.06 check I will tell you that much. If it was for $1000.06 I wouldn't cash that check not mine and I want nothing to do with WF.
street is offline   Reply With Quote
Old 04-25-2018, 11:55 PM   #17
Thinks s/he gets paid by the post
Lakewood90712's Avatar
 
Join Date: Jul 2005
Posts: 2,018
Quote:
Originally Posted by street View Post
Thanks for the input. I'm not worried about it but I will stop by their bank and talk to someone there about it. I know some of the people that work at WF so I will see what they say. Not cashing the $1.06 check I will tell you that much. If it was for $1000.06 I wouldn't cash that check not mine and I want nothing to do with WF.
Be careful , they will try to sign you up for banking products and "Investment " Products. warning, crude language on the youtube video.


Was the old bank 30 something years ago, that was bought by Wells
" Crocker Citizens National Bank " ?

( the originator of the Dilbert comics supposedly worked at Crocker and used them as material for the comic strip.
__________________
" A person is smart, but People are dumb, dangerous, panicky animals, and you know it " Agent "K", Men in Black
Lakewood90712 is offline   Reply With Quote
Old 04-26-2018, 12:33 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 15,302
Quote:
Originally Posted by street View Post
Thanks for the input. I'm not worried about it but I will stop by their bank and talk to someone there about it. I know some of the people that work at WF so I will see what they say. Not cashing the $1.06 check I will tell you that much. If it was for $1000.06 I wouldn't cash that check not mine and I want nothing to do with WF.

I will bet money that not a single person in a branch will know what that check is for and will also not be able to find out in a reasonable time....

Branches are not set up to deal with legal settlements of the bank... there is no memo that is sent out.... heck, I worked at banks for 20+ years and never knew of any settlement unless I read about it in the paper... or now a day online...
Texas Proud is offline   Reply With Quote
Old 04-26-2018, 04:30 AM   #19
Thinks s/he gets paid by the post
 
Join Date: Jan 2014
Posts: 1,548
Think you've already spent more in your time trying to figure this out than the check is worth. Why are you wasting your time? Let it go and file the letter and a copy of the check in your scam folder and shred the original check.
splitwdw is offline   Reply With Quote
Old 04-26-2018, 12:01 PM   #20
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,106
I've been a WF customer for many years and I didn't get a check. Hmmmm.
__________________

COcheesehead is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Citibank/Wachovia merger off - now it's Wells Fargo REWahoo FIRE and Money 37 10-05-2008 09:53 PM
Wells Fargo Fudged Their Numbers godoftrading FIRE and Money 3 07-22-2008 03:20 PM
Wells Fargo props up money market fund soupcxan FIRE and Money 12 02-29-2008 06:42 PM
Excellent Presentation by Outgoing Wells Fargo CEO haha Stock Picking and Market Strategy 5 01-22-2008 02:58 AM
Wells Fargo Sweep Fund yakers FIRE and Money 4 07-31-2007 09:07 PM

» Quick Links

 
All times are GMT -6. The time now is 12:10 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
×