If you’ve had certain dealings with Wells Fargo in recent years, you may be eligible for compensation through the Wells Fargo settlement. This article explains who may be eligible, how much compensation you could receive, and when you’ll receive payment.
Who is Eligible for the Wells Fargo Settlement?
- If you live in California and received a call from Wells Fargo or its representatives between October 22, 2014, and November 17, 2023, and the call was recorded without your consent, you may be eligible.
- If the people affected by Wells Fargo’s mortgage management during the COVID-19 pandemic (from March 2020 to December 2021) may also be eligible for this settlement.
- Shareholders who owned Wells Fargo shares between February 24, 2021, and June 9, 2022, may be eligible due to a separate shareholder agreement.
- Most claims must be submitted before April 11, 2025. If you submit your claim on time and it is approved, you will receive a payment.
How Much Will You Get in Payment?
- The Wells Fargo Settlement Payments typically start at around $86 for each person confirmed to have had a call illegally recorded.
- Some individuals may receive WellsFargo settlement payments up to $5,000, depending on the number of claims or the losses they suffered.
- Mortgage loan forgiveness claimants may receive additional money based on their individual losses.
- Shareholder payments depend on the amount of stock they own and the losses they incurred due to the stock decline.
When Will You Get Paid?
- Wells Fargo settlement eligibility payments will begin in 2025, and many checks will begin being mailed as early as March.
- The latest payments for call recordings may continue until November 2025.
- If you submitted a claim and are eligible, you may receive your check automatically. Or you can contact the Wells Fargo settlement team.
Wells Fargo Settlement Eligibility Payment – Overview
Check out the Wells Fargo Settlement Eligibility Payment and Payout Date
| Settlement Type | Typical Payout Amount | Maximum Payout Amount | Payment Timing | Eligibility Criteria Summary |
|---|---|---|---|---|
| Unlawful Recorded Calls (California) | Around $86 per confirmed call | Up to $5,000 | Started early 2025, ongoing through Nov 2025 | California residents with recorded calls without consent (2014–2023); claim filed by April 11, 2025 |
| COVID-19 Mortgage Forbearance Issues | Varies based on individual damages | Up to $5,000+ | Payments began early 2025 | Wells Fargo mortgage holders in forbearance during COVID-19 (Mar 2020–Dec 2021) |
| Shareholder Stock Settlement | Varies by stock losses | Varies by shareholdings | Payments ongoing 2025 | Stockholders owning Wells Fargo stock between Feb 24, 2021, and June 9, 2022 |
For More updates, Wells Fargo Settlement website.
