Wells Fargo extends deadline to file claims in $142 million settlement

Wells Fargo customers now have until July 7 to file claims for the bank’s $142 million class action settlement fund related to its opening of unauthorized accounts.

Wells Fargo customers now have until July 7 to file claims for the bank’s $142 million class action settlement fund related to its opening of unauthorized accounts.

In an April 25 email to customers, the bank said the settlement fund is part of its commitment to make things right, and that the original Feb. 3 deadline to submit a claim from the fund has been extended.

The  $142 million settlement is for customers who had certain Wells Fargo credit cards, lines of credit, checking or savings accounts opened or applied for in their name without their permission, or had authorized identity theft protection services from Wells Fargo from May 1, 2002 to April 20, 2017.

“If you believe Wells Fargo opened a checking, savings, credit card, or line of credit account for you without your permission, or if you purchased identity theft protection from us, you may be entitled to compensation from this fund,” the letter said.

Cash benefits may include a payment to compensate customers for fees they may have paid in connection with unauthorized accounts,  and cash to compensate them for damages caused by harm to their credit. Customers may also get compensation from any money remaining in the fund after all benefits, costs and expenses have been paid.

Wells Fargo says that customers who have already submitted a claim don’t need to file again. If they filed after Feb. 3 and were told that the claim was late, it will now be “automatically be deemed timely." 

Customers who do not have a Claimant ID Number or other information needed to file claims online should call 1-866-431-8549 weekdays from 8 a.m. to 8 p.m.

For more information, visit wfsettlement.com.