Deposits disappear from Wells Fargo accounts. For the second time this year, Wells Fargo acknowledged that deposits were not showing up in customers’ accounts. In an emailed statement Friday morning, a Wells Fargo representative said the issue was affecting a “limited number of customers,” and that “the vast majority” of instances had been resolved before noon, while the “few remaining” would be resolved soon.
This week’s incident is similar to the one experienced by Wells Fargo customers in March, which the company then blamed on an unspecified “technical issue.”
The Wells Fargo representative declined to comment further Friday about what caused this week’s incident, nor specify whether it was related to the March incident, nor exactly how many customers had been affected.
The bank has paid billions in fines and has cycled through two CEOs since the issue was first reported in 2011. This time, the issue was blamed on third-party fraudsters.