This possibility (remote, but present) is but one reason I closed my Wells Fargo account and transfer most of my retirement savings to a small local bank, almost nobody has ever heard of.
The other reason is my W.F. account was twice invaded by ‘sources’ who called me, pretending to be part of the Wells/Fargo Fraud Prevention Unit, when actually, they were the Sharks circling in the water! First time, I was a blabbermouthed fool and got stolen from. Next year, I knew the signs and just hung up. I closed my accounts at that bank the next day. W/F needs to look closely and ask why it’s credit/ debit accounts are so easily invaded.
That very “Wells Fargo fraud department” scheme just happened to my wife a few weeks ago. Luckily she was working from home and I overheard the convo. I ran into the room and disconnected her call. We closed our accounts out after painfully dealing with the real WF fraud department, whose Indian accent was punishingly thick and their script was very unhelpful. We had to keep repeating that we wanted our accounts locked and to disable wire transfer capability. It was surreal how bad it was.
It was easily invaded because you gave them access. They can do the same thing with your local bank.
Fraud Prevention. Geez.....
Phishing is everywhere. People get phish USPS, Amazon, every bank, PayPal, … anything at all common and where money moves.
Probably not PDQ local credit union … yet.
Wells Fargo does not redact the credit card numbers on your cc bill that goes through unsecure snail mail
prints the full account number whereas other banks only publish the last four numbers
that is poor judgment