Wells Fargo CEO Mobile Deposit Service Makes Banking Easier for Commercial and Corporate Customers

SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE: WFC) said today it has launched the CEO Mobile^® Deposit service, designed specifically for commercial and corporate banking customers.

Steve Ellis, executive vice president and head of Wholesale Services at Wells Fargo. (Photo: Business Wire)

The CEO Mobile Deposit service is accessible by downloading the CEO Mobile iPhone App at the iTunes store. The new service allows customers to capture check and money order images and deposit funds, using an iPhone (3GS and above), to their Wells Fargo commercial and corporate bank accounts anywhere, anytime.

“Back in 2007, we were the first bank to offer mobile services for commercial and corporate customers,” said Steve Ellis, executive vice president and head of Wholesale Services at Wells Fargo. “And we continue to innovate and work with our customers to design and build new services that make their lives easier.”

Once check or money order images have been captured, they are available immediately through the customer’s reporting and image search tools on the Commercial Electronic Office^® (CEO^®) portal. Users can enter optional location information to make it easier to identify deposits. They can also take action on returned items faster, because the electronically deposited items clear faster than traditional deposits. The CEOMobile Deposit service is available at no additional cost to customers already using the Desktop Deposit^® service; however, mobile carriers may charge a fee to access the service.

The CEO Mobile Deposit service improves cash flow by expediting deposits, taking advantage of an extended Wells Fargo deposit deadline of 7 p.m. Pacific Time / 10 p.m. Eastern Time. The CEO Mobile Deposit service offers the same security, quality, and dependability customers receive from Wells Fargo and its CEO portal, which earned the “Best Corporate/Institutional Internet Bank in North America” award from Global Finance magazine on November 3. Earlier this year, Global Finance named Wells Fargo as Best in Mobile Banking in North America for 2011 among corporate/institutional banks.

About the CEO portal and the CEO Mobile service

The CEO portal offers Wells Fargo commercial and corporate customers single sign-on access to more than 80 online banking applications and reports. The CEO Mobile service is an extension of select portal services, giving customers the ability to access accounts and make important decisions when they’re on the move. Customers can use the CEO Mobile service to initiate and approve payments, receive alerts about critical transactions or items that need attention, review account balances and transactions, manage commercial card expense reporting, review and reset rates for expiring term loans, administer and reset passwords — and now, to deposit checks and money orders on the go.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 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 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

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Wells FargoGabriel Boehmer, 503-886-4186 (Media)
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Source: Wells Fargo