Good morning everyone, I hope your weekend is going well. I just reviewed my recent Wells Fargo checking account statement and noticed this “Important Account Information” section at the bottom of my statement. “Effective on or after November 30, 2020” (strange way of wording this change), you will no longer be able to request Wells Fargo Instant Issue Debit Cards or Wells Fargo Business Instant Issue Debit Cards. After November 30, if you need a replacement debit card (if your current debit card was lost or stolen), you can no longer get a temporary debit card at a Wells Fargo branch – you will need to use the Wells Fargo app or call Wells Fargo (1-800-869-3557) to request a replacement debit card. Once your request is submitted, your replacement debit card will arrive via mail in 5-7 days.
I don’t usually use or carry my Wells Fargo debit card (but I do have it saved in my ApplePay Wallet), but this is obviously a negative change if your Wells Fargo debit card is you only form of payment. If your debit card is lost or stolen, you will need to wait 5-7 days (or however long it takes for your replacement debit card to arrive in the mail) which could be an eternity if you need your debit card to pay for items.
I haven’t tried this in years or at Wells Fargo, but I think if you show up at a branch with your driver’s license and provide verification information, you should be able to withdraw cash from a bank teller (YMMV with this tip).
Before this announcement, I had never heard of the Wells Fargo Instant Issue Debit Card. I did some Googling to see if I could find out more information about this debit card. Google results told me to check out the Wells Fargo Debit Card page. Unfortunately, there was no mention of the Wells Fargo Instant Issue Debit Card.
I did not give up there. I went to Archive.org to look up previous versions of the Wells Fargo Debit Card page. Luckily, Archive.org was able to find a recent version from November 12 (just 10 days ago), that mentioned the Instant Issue Debit Card. Based on the Archive page, the Instant Issue Debit Card could be picked up at a Wells Fargo Branch and was valid for 30 days or until your replacement debit card was activated, whichever came first. I then clicked on the Learn More link to see more info.
Archive.org had the Learn More page saved from August 12, but it obviously still existed on November 20. I looked through some of the FAQs.
I then decided to look and see if the same link existed today (November 22). Unfortunately, that page is gone from the Wells Fargo site.
Long story short, if you use the Wells Fargo Debit Card regularly and that is your only form of payment, you might be in for a world of hurt if your debit card is lost or stolen. If you do not use the Wells Fargo Debit Card regularly or have other forms of payment, this change should not have a major effect on your life. If you have any experience with the Wells Fargo Instant Issue Debit Card, please share your experience in the comments section. If you have any questions about this Wells Fargo change, please leave a comment below. Have a great weekend everyone!