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Discussion » Questions » Business » Why would a bank like Wells Fargo create unauthorized accounts their customers without their knowing it?

Why would a bank like Wells Fargo create unauthorized accounts their customers without their knowing it?

Wells Fargo is a big business. Lots of people use their services. People trust their banks with their money and information. Since 2011, this has been happening. Many employees from there have been fired, but I wonder about the damage they have done.

Posted - September 12, 2016

Responses


  • 691

    The bank put in reward for employees for opening accounts so employees did that even if customers did not want it.

      September 12, 2016 6:14 AM MDT
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  • 5808

    crooks haha

      September 12, 2016 1:44 PM MDT
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  • 17599

    They charge service fees on those accounts.  The company, like many companies, set unrealistic quotas on employees; that invariably leads to this kind of fraud.

      September 12, 2016 3:20 PM MDT
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  • The company didn't actually do it. It was certain employees trying to meet quotas for bonuses.

      September 12, 2016 3:22 PM MDT
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