Wells Fargo has agreed to pay $110m (£89m) in a settlement of a customer lawsuit brought against the bank in the wake of an account opening scandal.
The US lender said it expects the settlement to draw a line under a further 11 similar class action claims.
In September, Wells Fargo was fined $185m by US regulators for illegally opening around 2m debit and credit accounts in the names of customers without their knowledge.
The scandal led to the bank’s chief executive John Stumpf quitting his job, handing the reigns over to Wells Fargo's president Tim Sloan.
Reflecting on the latest settlement, Sloan said: "This agreement is another step in our journey to make things right with customers and rebuild trust.”
We want to ensure that each customer impacted by our sales practices issue has every opportunity for remediation, and this agreement presents an additional option.
We continue to encourage customers to contact us directly so that we can act quickly to refund fees and address any concerns.
Lawyer and administrator costs will be paid first from the $110m pot with claimants reimbursed any fees charged to them after accounts were opened.
The balance remaining from the settlement will be distributed to the claimants based on the number and kind of accounts opened.