How To Close A Wells Fargo Account – Just last week, I visited the Quora.com site where users are free to ask questions about topics they don’t know. I was amazed when I found out that about 70% of users lack the knowledge of closing a Wells Fargo account.
Wells Fargo changed it’s customers agreement by taking away the rights of it’s customers to resolve disputes will the bank through the typical legal process afforded citizens of the U.S. currently speaking Wells Fargo customers knowingly agreed to sign away these rights in favor of an arbitration system that favors wealthy corporation.
Wells Fargo Crisis
Wells Fargo employees created millions of fraudulent accounts in order to try inflate their sales number. Not only did Wells Fargo create fake accounts, but employees received bonuses for meeting sales goals. As a wells Fargo customer, it is understandable if you no longer trust your bank, so if you want to close your Wells Fargo account, you’re free to do so.
Wells Fargo Account Fraud
The Wells Fargo account fraud is an ongoing controversy that has brought about the creation of millions of fraudulent savings and checking accounts on behalf of Wells Fargo clients without their consent.
News of the account fraud became more popular in 2016 after regulatory bodies fined the company a sum of 185 US dollars as a result of the illegal activity. Wells Fargo clients began to notice the fraud after being charged unanticipated fees and received unexpected credit or debit cards.
So with all the crisis and account fraud controversies going on in wells Fargo company, you might still have the thought of closing your Wells Fargo account. There’s nothing to worry, our team has made an easy step by step guide to help you walk through the process of closing your Wells Fargo account.
Easy Steps To Close A Wells Fargo Account
There are different ways you can close a Wells Fargo account and they include;
- Call a wells Fargo support team to submit a request to close your account.
- Contact wells Fargo by visiting a wells Fargo branch to close your account in Oregon or sign into your Wells Fargo account.
However, if you have an outstanding balance on your Wells Fargo account, you’re advised to transfer all of your balance to another financial institute before closing your Wells Fargo account. You can also fill out an account closure or a withdrawal request form if you want your account balance to be sent to you via check.
How Long Does It Take To Close A Wells Fargo Account
Closing a Wells Fargo account all depends on how negative the account have become. It takes just a few weeks for wells Fargo to close down your account, if they close it, they definitely will reverse any bank charges or fees that are part of the negative balances.