Wells Fargo comes under the top five banks at United States and has been ranked at the third spot since mid-2020 after JPMorgan Chase and Bank of America. It became the world’s largest bank through market capitalization edging past ICBC in July 2015 before it fell behind JPMorgan Chase in September 2016 after a scandal that involved the creation of around 2 million fake bank accounts and illegal manipulation of other accounts by the employees of Wells Fargo. It fell behind Bank of America at the third position through bank deposits in 2017 and behind Citigroup in the fourth position in terms of total assets in 2018.
The financial institution is the result of a merger between San Francisco-based Wells Fargo and Company and Norwest Corporation in 1998 located at Minneapolis and acquisition of Wachovia in the year 2008 located at Charlotte. Because of the mergers, Wells Fargo transferred their headquarters to San Francisco and merged the operating subsidiary at Sioux Falls. It is termed among the ‘Big Four Banks’ at United States along with JPMorgan Chase, Bank of America and Citigroup. Wells Fargo has around 8,050 branches and 13,000 ATMs since June 2018 and has been operating in 35 countries with global customers of around 70 million.
But their services faces some occasional errors which proves to be a matter of irritation for many users. Especially the errors that pop up in their online portals. Two such errors are the OL-248 and OL-249. A large number of users have expressed their frustration regarding this particular error that they have faced while using the services of Wells Fargo. Users said that the errors appeared when they tried to download new transactions, make online transactions and setting up online account services. For those who don’t like to step outside of their home, net banking and other online services of the bank has been of more use to them but these errors have made their work almost impossible.
The errors occurs mainly if the computer is not able to make a secure internet connection with Wells Fargo. It normally indicates a temporary problem. But still, you can follow these steps and try to fix it by yourself –
- Exit ‘Quicken’.
- Choose Start, then select Settings and go to Control Panel.
- Double click on ‘Date and Time’ in the Date/Time Properties window, set the correct date and time and click OK.
- Open Quicken and try to make the online request again.