Wells Fargo Outage Continues as Company Works to Restore Systems

Wells Fargo customers are well into their second day of issues with online and mobile banking Friday. The company has been suffering an outage since Thursday due to a power shutdown at a facility, according to the company.

The outage was an isolated incident that happened after a smoke alarm went off at the facility. The issues were contained to the one specific incident and it wasn't due to a security issue, according to the company.

wells fargo sign outside branch
The Wells Fargo logo is seen on a sign outside of a Wells Fargo Home Mortgage branch office March 20, 2007, in San Francisco, California. The Well Fargo site and mobile banking app were suffering an apparent outage Thursday. Justin Sullivan/Getty Images

"As a result of the process to restore systems yesterday, some transactions and balances were not visible in online banking or ATMs earlier today. The transactions were processed normally, and customers can use their accounts with confidence," a Wells Fargo representative told Newsweek. "This issue has now been corrected, and all transactions are now visible. We are experiencing higher than normal volumes so there still may be delays in online banking and contact center response times."

Users were still reporting issues to the website Down Detector on Friday and saying the issues were primarily with online banking, the website and mobile banking. There were thousands of reports Friday morning and hundreds still during the afternoon.

Fees caused by the outage would be reversed, the company said and tweeted: "We sincerely apologize for any inconvenience. We know this has created difficulty for our customers, and we are sorry to have let you down. Please reach out if you have concerns or need help today, and ask for your understanding as our phone wait times may be longer than usual."

Customers were also tweeting about the issues they were having and the frustrations they were having with the company's lack of communication to the customers. Some users were reporting being on hold for 40 minutes or more while trying to get in contact with a customer service representative on Thursday and Friday.

You know it's a sad day when you have to check Twitter to figure out what is going on with your bank account....thanks for NOT communicating with your customers at all! #thankunext @WellsFargo

— Jenny Dell'Angelo Hazel (@JennyDellangelo) February 8, 2019

Customers are also threatening to leave Wells Fargo over the outages and are anxious about the safety of their money with the bank.

Alright @WellsFargo once your "contained issue" is resolved I will be moving every account I have at Wells Fargo elsewhere. A mason jar in the backyard seems like a much better option at this time. #DontFWithMyMoney

— Tracy Erickson (@ILoveMyRicky10) February 8, 2019

Card declined at the grocery store and I’m still on hold waiting to speak to a @WellsFargo representative 25 minutes later. I’ll be closing my account soon. This is unacceptable and I’m sure customers won’t receive more than a half-assed apology

— Jody Summers (@OnlyyLou) February 8, 2019

Some customers were concerned with their direct deposits not appearing in their accounts but the company said they were processed and should be visible Friday.

Hi there, Milan. Our specialists are working to fix all the systems as soon as possible. We apologize for any inconvenience and confusion. Direct deposits have been processed, you should be able to see it now. Please let us know if you need assistance with anything else. -Jules

— Ask Wells Fargo (@Ask_WellsFargo) February 8, 2019