Is Wells Fargo a good bank?

As one of Americas longest-established institutions, Wells Fargo is a trusted name in personal banking and business finance, making them experts in the field of banking. If you are saving for a home or other long-term venture, you can rely on their experience in every aspect of financing.

What services does Wells Fargo offer?

Wells Fargo is a financial services provider offering investment, banking, insurance mortgage, commercial, and consumer financial products and services. Wells Fargo operates through three segments: wholesale banking, community banking, investment, and wealth management. Wells Fargo is the largest bank in the United States by market capitalization.

How much money was taken by scams and fraud claims in 2020 with Wells Fargo?

According to data provided by four banks using Zelle, $90 million in customer money was taken by scams and fraud claims in 2020, and on pace to go over $255 million in 2022. Warren's report singled out Wells Fargo as a bank where Zelle fraud was particularly prevalent -- the number of fraudulent transfers rose 2.5 times between 2019 and 2022.