In 2025, Wells Fargo customers and investors across the United States have a chance to claim payments from several major class action settlements involving the banking giant. These settlements cover a range of issues, including unauthorized account openings, mortgage forbearance problems during the COVID-19 pandemic, and ATM fee surcharges. If you were affected, you could be eligible for a payout.
This article breaks down the key Wells Fargo class action settlements in 2025, eligibility requirements, important deadlines, and how to file your claim.
Overview of Wells Fargo 2025 Settlements
Wells Fargo has faced multiple lawsuits over the years, and some of these cases have recently reached settlements that require Wells Fargo to pay millions of dollars to affected customers and investors.
The major settlements active or recently finalized in 2025 include:
1. Mortgage Forbearance Settlement – $185 Million
During the COVID-19 pandemic, many Wells Fargo mortgage customers were offered forbearance options to delay payments. However, some borrowers claim their loans were put into forbearance without their consent, causing confusion and financial hardship.
- Who is eligible? Customers who had Wells Fargo mortgage loans placed in forbearance between March 1, 2020, and December 31, 2021, without their informed consent.
- What’s the compensation? Automatic payments and supplemental claims may be available for those who suffered additional harm.
- Key deadlines: Supplemental claims deadline was January 10, 2025; automatic payments started mailing in March 2025.
2. Unauthorized Account Openings Settlement
From 2002 to 2017, Wells Fargo employees reportedly opened accounts without customers’ consent to meet aggressive sales targets. This scandal led to a class action settlement.
- Who is eligible? Customers whose accounts were opened without their permission during that period.
- Claim deadline: February 2025.
- Expected payouts: Payments will be distributed throughout 2025.
3. ATM Fee Surcharge Settlement – $197.5 Million
This class action involves customers who paid ATM fees to Wells Fargo and other banks as part of Visa or Mastercard transactions, where fees were not reimbursed.
- Who is eligible? Anyone who paid an unreimbursed ATM access fee between October 2007 and July 2024.
- Claim deadline: January 22, 2025.
- Compensation: Varies based on claims submitted.
4. Call Recording Privacy Settlement – $19.5 Million
Wells Fargo was sued for allegedly recording calls without consent, violating privacy laws.
- Who is eligible? California residents or businesses who received recorded calls from The Credit Wholesale Company Inc. between October 22, 2014, and November 17, 2023.
- Claim deadline: April 11, 2025.
- Potential payout: Around $86 per call, possibly up to $5,000 per call.
5. Wells Fargo Securities Litigation – $1 Billion
This settlement addresses investors who purchased Wells Fargo stock between February 2, 2018, and March 12, 2020, and suffered losses due to alleged false statements by the bank.
- Who is eligible? Shareholders who bought stock during the class period.
- Claim deadline: Past, but inquiries can still be made for payments.
- Status: Initial payments started in late 2024.
How to Claim Your Payment
Step 1: Identify the Settlement You Qualify For
Review the eligibility criteria above carefully. If you fit one or more categories, note the claim deadlines and documents you might need.
Step 2: Visit the Official Settlement Website
Each settlement has a dedicated website where you can:
- Download claim forms.
- Submit claims online.
- Find detailed FAQs and contact information.
Step 3: Prepare Documentation
Gather any proof such as:
- Mortgage statements or notices.
- Account opening documents.
- Bank statements showing ATM fees paid.
- Call logs for recorded calls.
- Stock purchase confirmation.
Step 4: Submit Your Claim Before the Deadline
Deadlines vary between settlements, so timely action is crucial.
Stay Informed with Official Government Sources
For more information on consumer protections and financial regulations related to banks and settlements, visit:
- Consumer Financial Protection Bureau (CFPB): consumerfinance.gov
- Federal Trade Commission (FTC): ftc.gov
These sites provide updates on financial lawsuits and consumer rights.
Final Words
If you were a Wells Fargo customer or investor between 2002 and 2024, check if you qualify for these 2025 class action settlements. Filing your claim before the deadline ensures you don’t miss out on compensation. For assistance, consider consulting a legal advisor or contacting the settlement administrators directly.
