More Banks Have Opened Unauthorized Accounts, Possible Lawsuit

This post may contain affiliate links; please read our advertiser disclosure for more information.

Unauthorized Accounts Lawsuit

More Banks Have Opened Unauthorized Accounts, Possible Lawsuit

A number of banks are currently under investigation to see whether their employees opened unauthorized accounts. This was an issue that was brought to light by Wells Fargo, but they’re not the only bank to have used the practice to boost account. If you were affected by such unauthorized accounts, you may be able to join an investigation into this practice.

In a review conducted by the Office of the Comptroller of the Currency (OCC) that looked into around 40 banks, up to 10,000 unauthorized accounts were found to have been opened without the permission of customers. Unauthorized accounts found through this investigation included new mortgages, auto loans, checking and savings accounts, and credit cards.

The OCC declined to name the banks where these accounts were found. But an unauthorized bank accounts lawsuit investigation is now looking into banking sales practices at the following banks:

  • Bank of America
  • BOK Financial
  • Capital One
  • HSBC
  • Royal Bank of Canada
  • TD Bank
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


Please enter your comment!
Please enter your name here

SoFi Money $50 Bonus!

Super easy bonus! Sign-up and deposit $500 or more and they'll pay you $50! That's it!
Grab Your $50 SoFi Bonus Now!

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!