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Wells Fargo owes its customers of up to $24,125 each for the settlement over illegal activities made by the company. These illegal activities involve erroneous charges and unauthorized closures and vehicle repossessions.
![Wells Fargo Mail [Photo: Fun 107]](https://s3.us-west-1.amazonaws.com/southarkansassun.com/2023/02/junk-mail.jpg)
Wells Fargo Mail [Photo: Fun 107]
According to Campisi, Wells Fargo has resolved to pay more than 16 million of its customers with more than $2 billion. These customers were those who were affected by the violations between 2021 and 2022. The payment is only a part of the $3.7 billion agreed settlement. The remaining money will be used as a relief fund for the affected customers.
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Who is eligible for these payments?
According to Heilman, the amount of payments is based on how a customer was affected by the illegal activities. The customers whose bank accounts were erroneously charged with fees can receive $100 or more. On the other hand, those whose vehicles were repossessed without authorization can receive at least $4,000 or more. Lastly, almost 3,200 customers who were unable to change their mortgage payments to prevent foreclosure can receive an average of $24,125 each.
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