Wells Fargo & Company Payday Loan Complaint

Payday loan Can't stop charges to bank account can't stop charges to bank account

Wells Fargo & Company Payday loan department,

Payday loan Can't stop charges to bank account Can't stop charges to bank account California

Wells Fargo Bank of California charged my checking account $500.00 without my knowledge or authorization. At the time Wells Fargo called their payday loans a " direct deposit advance '' which they know longer have that program due to consumer complaints. My checking account was put into overdrawn status, with overdraft fees instituted monthly, $35.00 each month until they closed my account without my knowledge or authorization. Now that " direct deposit advance '' is more than double the original $500.00. I can not open another bank account, and have a strike on my credit reports. I can not get Wells Fargo to rectify the situation. I banked with them for almost ten years before this with no overdrafts. The first payday loan occurred in - with renewals up until -. Numerous checking and savings accounts were also opened without my permission.

Wells Fargo & Company customer in California
Sep 25, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

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