Wells Fargo Expands Mobile Deposit Service Nationwide, Increasing Anytime, Anywhere Banking Convenience for Customers

  Wells Fargo Expands Mobile Deposit Service Nationwide, Increasing Anytime,
  Anywhere Banking Convenience for Customers

     Specialized Mobile Banking Services Drive Surge in Customer Adoption

Business Wire

SAN FRANCISCO -- November 28, 2012

In a move to deliver innovation and added convenience in the rapidly growing
mobile banking space, Wells Fargo & Company (NYSE:WFC) today announced the
nationwide expansion of Wells Fargo Mobile^®  Deposit. Using an Android or
iPhone device, customers across the nation can easily deposit checks into
their eligible Wells Fargo accounts by taking pictures of the front and back
of the check.

“The exponential growth of mobile banking is fueling the thirst for more
futuristic, easy-to-use applications such as mobile deposit,” said Brian
Pearce, senior vice president, head of the Retail Mobile Channel, Digital
Channels Group, Wells Fargo. “Mobile deposit is a very popular service among
our customer base. Customers love the added convenience of depositing checks
while on the go.”

“Our mobile banking customer base has grown by more than 30% this year alone
to more than 9 million customers,” he added. “We attribute this growth to our
customers’ adoption of a new mobile lifestyle. Customers increasingly use
their mobile devices to complete every-day tasks including managing their

During the initial launch, which occurred June-October 2012 and spanned 15
states, customers used Wells Fargo Mobile Deposit to deposit more than 600,000

“As soon as I receive checks in the mail, I use Wells Fargo Mobile Deposit to
quickly make a deposit and gain fast access to my funds,” said Chris Erlin, a
Bay Area customer. “I’ve been a Wells Fargo customer for several years and
have always enjoyed the variety of channels at my disposal, ranging from the
ATMs for cash withdrawals; to the stores for specialized services like safe
deposit box, currency and cashier’s checks, and now Mobile Banking to deposit
paper checks.”

Customers can use Mobile Deposit through the Wells Fargo Mobile app for Apple
and Android-supported devices. To make a deposit, customers choose the
eligible consumer or business account where they want to deposit their check,
enter the check amount, and use their mobile device to take a picture of the
front and back of the endorsed check. After they submit their deposit, Wells
Fargo sends a confirmation message. For more details, please see Wells Fargo’s
Mobile Deposit video.

For added security, credentials and check images are not stored on the mobile
device. In addition, Wells Fargo uses advanced encryption and security
technology to mask sensitive information. Wells Fargo also recommends that
customers select “Sign Off” when they complete their financial transaction.
Wells Fargo’s Online Security Guarantee provides added protection against
unauthorized access to customers’ accounts. To learn more, visit

About Wells Fargo Online, Mobile and Text Banking

Wells Fargo is a leading provider of online and mobile financial services for
individual consumers, small and middle market businesses, and large
corporations with a full range of banking, money movement, investing, asset
management, and other financial and risk management products. Wells Fargo was
recognized by Global Finance magazine as the best internet bank in the U.S.
(2012) and Bank Technology News on "The Innovators" list for its online
banking services (2012). Keynote’s Mobile Banking Scorecard named Wells Fargo
winner in two categories: Privacy & Security and Quality & Availability
(2012). Keynote’s Small Business Scorecard named Wells Fargo #1 overall four
straight years for its service to small businesses online (2012).

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With more than 265,000 team members,
Wells Fargo serves one in three households in the United States. Wells Fargo &
Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’ financial
needs and help them succeed financially.


Wells Fargo & Company
Lisa Westermann, 415-222-6236
Press spacebar to pause and continue. Press esc to stop.