Wells Fargo employees opened two million fraudulent accounts, sending shockwaves across
Between 2011 and 2015, the bank's workers opened about 1.5 million bank accounts and 565 million credit card accounts in order to meet sales goals, according to the Consumer Financial Protection Bureau.
Less understood, however, is the impact on individual consumers. Could your credit score be impacted if any of those accounts are in your name?
"It could," Mark Hamrick, Senior Economic Analyst at Bankrate.com, told CNBC's "On the Money" in an interview.
"You've been given a wake-up call to say look at what is happening with your account." Hamrick said. "Which by the way, you should be doing all the time anyway."
What should you do if you suspect you could have an account illegally opened in your name?
"First of all, find out whether an account was opened that you didn't give permission for," Hamrick said, adding that it could be either a deposit account or a credit card account.
Hamrick suggests checking your account online and through bank statements, but also in person. "If you're near (a bank branch) feel free to go in and initiate a conversation with a real live human being."