Wells Fargo is a multinational financial services company with headquarters in San Francisco, California. It has been in business for more than 150 years and has offices in 42 countries, with $1.9 trillion in assets. The company offers an option to set up automatic payments via Wells Fargo Online or by calling Customer Service. If you have set up an automatic payment for your home mortgage with Wells Fargo, and you wish to terminate it, keep on reading to find out how.
Wells Fargo Online allows you to manage your account online. You can also download the app for your mobile phone. To cancel your home mortgage automatic payment, follow these steps:
The phone number of the Customer Service center is 1-877-805-7744. Feel free to call them any day at any time, and they should help you cancel your automatic payment.
You can also choose to modify your automatic payment. The phone number is the same. It can take from 30 to 60 days for your new automatic payment request to be processed. Your current automatic payment will remain unchanged until your statement shows that the new schedule kicked in.
Take a look at the summary of the cancellation options in the table below.
| Can I Cancel Wells Fargo Automatic Payment Via? | Yes/No |
| Mobile app | Yes |
| No | |
| Phone | Yes |
| DoNotPay | Yes |
| Company Website | Yes |
DoNotPay is your safest bet for canceling Wells Fargo automatic payments! These are the steps to follow:
That’s all you need to do! We’ll stop your automatic payment and let you know when the process finishes by email. The process shouldn’t take more than 48 hours.
Canceling any service is not a problem with DoNotPay. Link your email or bank account to our app, and we will find all the memberships or subscriptions you are not using regularly. Follow the same steps and cancel the ones you deem useless.
There is a way to pause your home mortgage with Wells Fargo. The company offers a forbearance plan. It suspends or reduces the amount of the regular mortgage payment if you expect a decreased income in the near future.
Unemployment is the most frequent reason for choosing a forbearance plan. You should contact Wells Fargo every month to provide updates on your financial status. For any payment issues, call 1-800-678-7986.
If you lose your job or something else prevents you from paying your mortgage to Wells Fargo, you can use a forbearance plan. It may seem like a convenient option, but it has its drawbacks.
At the end of the forbearance period, the payment amounts accrue and may be added to the mortgage amount. You can work with Wells Fargo and see whether you can repay the forbearance amount or not.
The company may offer a long-term option in the form of a loan modification. A forbearance sale is the last resort, but you should be extra careful with Wells Fargo mortgages because you may lose your house.
Have you tried to resolve your disagreements with Wells Fargo but failed? Are you struggling to handle the dispute on your own? You can use DoNotPay and send demand letters to this company in small claims court.
DoNotPay received the American Bar Association’s Louis M. Brown Award for Access , and we are more than competent to assist in fighting against the red tape.
If you are displeased with Wells Fargo and want to change your bank, check out the table below and pick the one you like.
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