Consumer complaint received 2026-03-24 00:00:00
Product: Checking or savings account — Checking account
Issue: Managing an account — Deposits and withdrawals
Company: WELLS FARGO & COMPANY
State: FL

Complaint narrative:
My experience with Wells Fargo has been XXXX of the most frustrating and disappointing experiences I have ever had with a financial institution. I was the victim of a very clear scam involving fraudulent checks and activity on my account. I immediately reported the issue and filed fraud claims, expecting my bank to investigate and protect my account. Instead, Wells Fargo denied both of my fraud claims and refused to return the money that was taken from my account. What makes this even more concerning is that when Wells Fargo sent me copies of the checks involved, they clearly showed that the checks were written by an individual not the company I was told they were from. Despite this obvious red flag, the bank still refused to acknowledge the fraud. Even more troubling is that there were no fraud alerts, no calls, and no attempt from the bank to protect my account or verify suspicious activity. Customers trust banks to safeguard their money and identify unusual transactions, and in this case, Wells Fargo completely failed to do that. On top of the fraud issue, Wells Fargo also refused to honor the {$320.00} promotional bonus that I was supposed to receive when opening my account. I did not receive the promotional code until after the account was opened, and their own website stated that I could provide the code by calling or visiting a branch. I made multiple attempts to do exactly that. I XXXX tried to give the code to XXXX, who told me he could not accept it. I then attempted to provide it to a branch manager who was in training, and he also refused to accept it. Wells Fargo still is not taking any accountability for their lack of protection in this case. It is very clear they do not want to take care of their customers. I would strongly caution anyone against falling for their so-called promotional bonuses they are misleading at best, especially if you open an account online without working directly with a representative. In my experience, they do not honor what they advertise. This entire situation shows a serious lack of accountability and customer protection. When a bank refuses to stand behind its customers in cases of clear fraud and ignores its own promotional commitments, it raises serious concerns about how they treat the people who trust them with their money. I would strongly urge anyone considering banking with Wells Fargo to think carefully before doing so. Someone needs to investigate them - if you look at their reviews on XXXX, trust pilot, wherever you will see many customers have basically the same type of concern. and they are not a institution that takes care of their customers but they dont mind taking from their customers. and its obvious. I also feel like something needs to be done and addressed before they continue to financially hurt other people.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation