Wells Fargo settlement compensation comes with a surprise for the eligible California residents, with a payment amount of up to $5000. Earlier, a class action lawsuit was filed against Wells Fargo that a third-party vendor had illegally recorded phone calls with California residents without their permission. Wells Fargo agreed to pay a settlement amount of $19.5 million to the eligible customers who were affected because of its activities.
The entitled California customers could claim for maximum $5,000, depending on the number of unconsented calls. The deadline for submitting a claim was already closed on April 11, 2025, and the final approving hearing was held on May 20, 2025. The class members would get automatic payments from Wells Fargo Settlement.
Wells Fargo Bank Settlement
If you are living in California, then you might be eligible to receive a maximum $5000 if you have ever had an account with Wells Fargo and received unconsented calls between 2014 and 2023. California’s Invasion of Privacy Act makes it unlawful to record phone calls of customers without their permission.
As a result, the bank has agreed to pay $19.5 million to settle this class action. The Credit Wholesale Co. Inc. does not get consent before recording your call or your company. They were accused of violating laws and agreed to a settlement to avoid a drawn-out legal battle.
Overview of Wells Fargo Bank Settlement Payment Status
| Article On | Wells Fargo Bank Settlement: Payment Status, Amount and More You Should Know |
| Country | United States (California) |
| Company Under Lawsuit | Wells Fargo Bank |
| Settlement Name | $19.5M Wells Fargo Call Recording Class Action Settlement |
| Total Settlement Amount | $19.5 Millions |
| Eligible Period | From October 22, 2014, to November 17, 2023 |
| Beneficiary | Individuals who received a call from the Credit Wholesale Company Inc. during the eligible period |
| Final Approval Hearing Date | May 20, 2025 |
| Payment Date | Yet to be Finalized |
| Individual Payout | Around $86 to $5000 (Depends on the number of calls made and claims filed) |
| Category | Finance |
| Official Website | callrecordingclassaction.com |
Are You Eligible for the Wells Fargo Settlement?
The eligibility criteria of the Wells Fargo $19.5M Settlement are so simple.
- You must have a business or be residing in California during the eligible period of the $19.5M Wells Fargo Settlement.
- Instead of this, if Credit Wholesale Co. Inc. called you between October 22, 2014, to November 17, 2023, then you are qualified for this settlement.
- The phone call was recorded without your consent or notification.
- It is not necessary that you be a customer of Wells Fargo Bank to qualify for this settlement.
Wells Fargo $19.5M Bank Settlement Payment Status
The date on which claimants will receive the payouts of the Wells Fargo $19.5 Bank Settlement has not been finalized yet by its administrators. However, the other key dates of this settlement are –
| Opt-Out Deadline | April 4, 2025 |
| Objection Deadline | April 4, 2025 |
| Claim Submission Deadline | April 11, 2025 |
| Final Approval Hearing Date | May 20, 2025 |
How Can You Apply for the Wells Fargo Settlement?
Online claim filing is the simplest part of the Wells Fargo Bank Settlement. Eligible people and companies can submit their information on the official website created for this settlement. All you will have to do is –
- Type in the phone number or numbers on which Credit Wholesale Co. Inc. called you.
- Provide the company name (if relevant).
- Complete the necessary fields and then submit your $19.5M Wells Fargo Bank Settlement claim.
Thus, the application process of this settlement is so simple that it does not require complex documents and a lengthy time to process. However, you can no longer file this claim as its deadline for claim submission was on April 11, 2025, which has now passed.
Compensation Amount
The amount you received is based on the number of unconsented calls.
| Number of Calls Recorded | Estimated Compensation |
| 1 Call | Up to $86 |
| Multiple Calls | Up to $5,000 |
How to Check Payment Status?
To track your payment from Wells Fargo settlement for unconsented call recordings, you should:
- First of all, visit the settlement website and share the phone number and claim ID used by you in the claim form, or any confirmation number that may have been received at the time of submitting the claim.
- If you have any queries, then you can contact the settlement administrator through the official website or by calling on Toll-free number.
- The qualified customers will obtain automatic payments, so check your mail or bank accounts for electronic payments.
Why did Wells Fargo agree to this settlement now?
This case is simply one more chapter in Wells Fargo’s continuous efforts to overcome regulatory concerns; the company has had its share of legal challenges in the past.
- The bank agreed to the $19.5 million settlement to resolve the case without a trial, even though it denies any wrongdoing.
- The Credit Wholesale Co. Inc. has consented to cease recording calls to Californians or businesses to schedule appointments without first alerting them as part of the settlement.
This case demonstrates California’s commitment to upholding citizens’ right to privacy and the need for businesses to use utmost caution while managing private discussions.
Frequently Asked Questions
What is the status of the 2025 California class-action settlement?
Claims for the California call-recording settlement had to be filed by April 11, 2025, with a final approval hearing set for May 20, 2025. Visit the official settlement website for updates.
Will I be notified about my settlement payment?
Yes. If eligible for payment, you will receive either a check or a credit to your account, and Wells Fargo will notify you.
What should I do if I haven’t received my payment?
If you were contacted about eligibility but haven’t received payment, call the official Wells Fargo inquiry line at 844-484-5089.
