Wells Fargo is the leading American financial services institution. It operates worldwide with branches at more than 5,000 locations. Wells Fargo provides financial services and asset management to its customers. Moreover, Wells Fargo also provides credit cards with an array of benefits. Each card comes with unique perks. However, there may be scenarios when you might want to cancel a transaction on Wells Fargo.
Many customers have a query as to how to cancel a transaction on Wells Fargo. It is quite simple. You can cancel the check transaction online. However, you have to contact the bank or call at 1-800-869-3557 if you want to cancel the payment of ACH (Automated Clearing House).
Ways to Cancel a Transaction on Wells Fargo
There are two ways to cancel a transaction on Wells Fargo. One way to cancel a transaction is online. In contrast, the other way is by going to the bank or contacting a bank representative over the phone. Let us briefly discuss the steps of each method to cancel a transaction on Wells Fargo.
How to Cancel a Transaction Online on Wells Fargo?
Firstly, remember that you can only cancel a check payment online. The following are the steps to cancel the payment for check online:
1. Log In to Your Account
- Log in to your online Wells Fargo account.
- You should see a simple login page with two input boxes: username and password.
2. Enter Your Accurate Credentials
Enter the right “Username” in the first box and “Password” in the second box.
You will have to input your accurate username and password into the given boxes. Make sure to double-check your password before moving to the next step.
3. Click on the “Sign On” Button
Once you have made sure that you entered the right credentials, hit the “Sign on” button under the password box.
If correct, the click will take you to a new page: “Manage Accounts.”
4. Manage Accounts
After your successful login to your account, go to the “Manage Accounts” option. You can see different options here for managing your transactions. From there, you can stop the payment for checks.
How to Cancel a Transaction by Contacting the Bank?
The second method to cancel a transaction is by visiting the bank. Moreover, you can also contact the bank on the provided phone number. Please note that you can cancel both checks and ACH (Automated Clearing House) transactions with this method. However, you can only cancel the payments for checks with the online method.
To cancel a transaction with Wells Fargo, please call 1-800-869-3557. The phone number will automatically connect you to a representative of the bank. Furthermore, you have to provide specific information to the banker to cancel your transaction. The information for checks and ACH (Automated Clearing House) is different.
To check the payments for checks, you have to provide the following information:
- Account Number
- Paper Item Number
- Amount of Paper Item
- Date of Paper Item
- Name of Payee
If you want to cancel the ACH transaction on Well Fargo, you will need the following information:
- Company Name
- Account Number
- ACH ID
- Amount of ID
You can also cancel the transaction by visiting the bank. On the visit, you will have to provide the information mentioned above. However, keep in mind that both checks and ACH have separate information to cancel the transaction. Furthermore, you can call the bank at 1-800-869-3557 and cancel the transaction by following the above process.
Is There Any Fee to Cancel a Transaction on Wells Fargo?
Yes, Wells Fargo charges a certain fee to cancel transactions. For any item of checks or ACH, you will have to pay $31 to cancel the transaction. Therefore, the transaction cancellation rate is $31 per item. It may be a paper item or an ACH item. Furthermore, please note that Wells Fargo does not charge any stop payment fee for lost or stolen blank checks.
How Long Be the Cancellation Will in Effect?
The cancel transaction for checks is up to six months. However, for ACH, it is for an indefinite period. You can remove this stop payment period by visiting a bank. Moreover, you can remove it by calling the bank too.
Wells Fargo makes it easy to cancel a transaction. You can make the payment for checks transaction cancellation online. To cancel online, log in to your Wells Fargo account and then cancel it from manage account options. You can also cancel a transaction by visiting the bank or calling the bank helpline at 1-800-869-3557. Furthermore, you have to cancel transactions of ACH by visiting a bank or calling its helpline.