Wells Fargo: Bank Online or Paperless, Enter for a Chance to Win Up to $50,000

Retail customers who sign-up for online banking, sign into their online banking session, or switch to online only statements could win up to $50,000

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) announces its first combined online banking and online statement sweepstakes which runs through December 15, 2010.

During the sweepstakes period, Wells Fargo and Wachovia personal and business customers who: sign up for online banking; sign into their online banking session; and/or switch their statement delivery from paper to online only are automatically entered for a chance to win the grand prize of $50,000 or one of fifty prizes of $1,000.

"One of Wells Fargo’s strategic initiatives is to allow customers to transact anytime, anywhere in order to meet their needs. Through online banking, our customers can view their current available account balances, pay bills, and transfer funds between most accounts," said Stephanie Smith, executive vice president, Wells Fargo Internet Services Group. "Online statements provide the added benefits of organization and convenience, fraud prevention, reduced paper use, and functioning as paper statements for record-keeping and tax purposes."

Customers, who choose to switch from paper to online only statements, can access Wells Fargo statements from their secure online banking session. Online statements provide clear and concise summaries of account activity so customers can pinpoint the information they want to know in an instant. Online only statements are available for checking and savings accounts, credit cards, mortgages, home equity lines of credit and loans, personal loans, and student loans. Business customers can access online only statements for checking, savings, credit card and business line of credit. As an added convenience, a notification is sent to customers by their preferred email to inform them when a new statement is ready.

Online statements are helpful in reducing potential mail fraud and identity theft. According to the Javelin Strategy & Research 2010 Identity Fraud Survey Report, some thieves still get their information the old-fashioned way: by stealing bank or credit card statements from the mailbox.

NO PURCHASE NECESSARY. No purchase or payment of any kind is necessary to enter and to win the Online Banking and Online Statements sweepstakes. Sweepstakes runs on www.wellsfargo.com/fallsweeps and www.wachovia.com/fallsweeps from 12:00 a.m. Pacific Time (PT) on 10/1/10 to 11:59 p.m. PT on 12/15/10 (“Promo Period”). The drawing for the 2010 sweepstakes will be held on or about February 1, 2011 to award 51 customers. For Official Rules go to https://www.wellsfargo.com/wfonline/statements_fallsweep/rules.

By opting for online statement delivery, customers can join Wells Fargo in protecting our environment. “We already reduced our greenhouse gas emissions (GHG) by seven percent in 2009,” said Mary Wenzel, director of Wells Fargo Environmental Affairs. “We're on our way to achieving the GHG reduction goal of 20 percent below 2008 levels by 2018 by focusing on energy efficiency, optimizing space, and online and mobile banking services.”

About Wells Fargo Online, Mobile & 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. As of Q3 2010, Wells Fargo has 17.9 million active online customers and 4.1 million active mobile customers. Wells Fargo won the 2010 Future Mobile Award from Juniper Research (August 2010). Wells Fargo’s mobile banking services earned a Gold ranking in the Javelin Strategy & Research “2010 Mobile Banking Scorecard” (August 2010). Global Finance ranked Wells Fargo Best Consumer Internet Bank and Best Corporate/Institutional Internet Bank in the U.S. (August 2010). Wells Fargo’s Client Checking Account Application earned an “A” grade from Corporate Insight on its Bank Monitor Report (September 2010). In addition, Wells Fargo ranked #1 overall in the Keynote Second Quarter 2010 Small Business Scorecard. The Keynote Scorecard measures online functionality and customer experience for Small Business customers (June 2010).

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.2 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 wachovia.com), and other distribution channels across North America and internationally. With more than 278,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked #19 on Fortune’s 2009 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
Media:Michele Rene Scott, 415-396-8380

Source: Wells Fargo & Company