Some Wells Fargo Customer Deposits Disappear Because of a ‘Technical Issue’

Some Wells Fargo clients checked their financial institution accounts this week to find that their latest deposits had disappeared, inflicting them to specific concern over the place the cash had gone and, in some instances, to report being late on their payments.

The lacking funds had been brought on by “a technical issue,” leaving some clients’ deposits in limbo, Wells Fargo stated on social media in response to buyer complaints.

However, the financial institution didn’t say on Saturday what number of accounts had been affected or what had prompted the issue.

“A limited number of customers were unable to see recent check deposit transactions on their accounts,” Wells Fargo stated in an announcement on Saturday. “All accounts have been resolved and are showing accurate balances and transactions. We sincerely apologize for any inconvenience.”

Customers started reporting the difficulty on social media as early as Thursday, and complaints continued into the weekend.

“Our technical teams are aware of this issue and are working to resolve it,” a Wells Fargo customer support consultant informed a buyer on social media on Thursday.

A related glitch that resulted in incorrect balances for some clients occurred in March.

The situation added to buyer frustrations with the financial institution, which has confronted controversy previously over buyer accounts.

In May, Wells Fargo agreed to pay $1 billion to settle a class-action lawsuit that claimed the financial institution had defrauded traders by misrepresenting the progress it had made in fixing issues within the aftermath of a significant fraud case. The scandal included bankers’ opening thousands and thousands of buyer accounts with out their data to satisfy steep gross sales objectives from 2002 to 2016.

On social media this week, clients reminded Wells Fargo of the implications of dropping entry to their cash for even a day.

“It’s nice you are aware but how does that put food on my table,” one individual wrote on social media on Thursday, responding to Wells Fargo. “Or keep me from a $50 late fee on my rent.”