Wells Fargo Customers Report Missing Deposits: Steps to Address the Issue and Protect Your Finances

Learn how to handle missing deposits at Wells Fargo. Follow our step-by-step guide to protect your finances and resolve the issue promptly.

Aug 6, 2023 - 07:52
Aug 6, 2023 - 07:52
Wells Fargo Customers Report Missing Deposits: Steps to Address the Issue and Protect Your Finances
Wells Fargo Customers Report Missing Deposits: Steps to Address the Issue and Protect Your Finances

Wells Fargo faces challenges once again as customers report missing deposits and restricted access to their bank accounts. The bank acknowledged the ongoing issue, which began recently, causing concern among affected individuals, especially small business owners who are unable to make payroll. While the majority of the problems have been resolved, the situation remains concerning for those still impacted. This article outlines the steps Wells Fargo customers can take if they are facing missing deposits and offers crucial advice to safeguard their finances.

Missing Deposits Plague Wells Fargo Customers:

Some Wells Fargo customers have taken to social media to express their frustrations with the bank as they find themselves unable to view or access money deposited into their accounts. Reports of charged overdraft fees and business payroll disruptions have exacerbated the situation, with many customers demanding swift resolution.

Wells Fargo's Response and Ongoing Efforts:

Wells Fargo confirmed the deposit glitch, assuring that only a limited number of customers were affected. The bank's spokesperson apologized for the inconvenience caused and stated that the majority of the issues have been addressed, with the remaining cases set to be resolved soon. This incident, however, is not the first of its kind for the bank, as a similar glitch occurred in March, which was eventually resolved with customers' funds secured.

Steps to Address Missing Deposits:

  • Contact Your Bank Directly: If you notice missing funds in your Wells Fargo account or any other bank account, the US Office of the Comptroller of the Currency advises reaching out to your bank directly. Contacting customer service via phone, social media, or other available methods is crucial to receive prompt assistance.

  • Transfer Funds from Linked Savings Account: For those with a linked savings account at Wells Fargo, transferring money from the savings account to cover immediate payments can provide temporary relief until the glitch is resolved. In the past, such issues have been short-lived inconveniences.

  • Be Proactive About Overdraft Fees: Once the technical glitch is resolved and your account balance is restored, it is essential to be proactive in seeking refunds for any incurred overdraft fees. Avoid assuming that refunds will automatically be applied.

  • Escalate the Issue, if Necessary: If problems persist even after the glitch is resolved, customers have the option to elevate the issue beyond Wells Fargo. Filing a complaint with the Consumer Financial Protection Bureau or your state banking regulator can help address unresolved concerns.

Monitoring Bank Transactions for Added Security:

The importance of maintaining a comprehensive record of bank transactions cannot be overstated. Keeping physical receipts when depositing checks at ATMs or taking screenshots of confirmations after depositing checks through mobile applications can provide valuable documentation in case of discrepancies.

Your Rights Without Original Paper Checks:

The US Office of the Comptroller of the Currency clarifies that if something goes awry with your checking account, you do not necessarily need the original paper check to resolve the issue with your bank. This assurance should ease concerns about lost checks affecting account reconciliation.


The recent deposit glitch at Wells Fargo serves as a reminder of the importance of monitoring bank accounts regularly and promptly addressing any issues with customer service. For Wells Fargo customers affected by missing deposits, taking proactive measures to secure refunds for overdraft fees and escalating unresolved concerns can be essential. By being vigilant and keeping thorough records of financial transactions, customers can safeguard their finances and avoid potential disruptions caused by technical glitches.

Also Read: US Labor Market Soars with Impressive Wage Growth and Record Low Unemployment

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