Bank Accounts for Minors at Wells Fargo

In February 2017, a class-action lawsuit was filed against Wells Fargo for allegedly offering account holders free savings accounts for minors when, according to plaintiffs, the bank converts these accounts into adult checking accounts and deducts monthly fees from them without customers’ permission. (Allen et al v. Wells Fargo & Company, Case No. 17-cv-333, S. D. CA.)

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