About Wells Fargo Online Banking

History

Wells Fargo Bank has been a trendsetter where internet banking is concerned. Before the Internet gained momentum, Wells Fargo created a software-based PC banking tool. In 1995, Wells Fargo was the first to offer online banking services to its customer base, providing a glimpse into the future of banking. As technology continues to evolve, Wells Fargo develops new tools for its customers. In addition to PC access, mobile banking (access from your cell or mobile device) is the newest service feature. Wells Fargo Online Banking has become an indispensable tool for anyone who needs more hours in a given day, and for those who may not be able to visit their local branches on a regular basis.

Function

Wells Fargo Online Banking offers customers a way to access all of their Wells Fargo accounts, from checking and savings accounts to mortgage accounts, without the hassle of making a trip to the brick and mortar branch. Without having to stand behind the ropes and wait for the next available teller, customers can manage each account, perform account-related tasks, such as viewing online monthly statements, making transfers and research new products and services that Wells Fargo has to offer, any time of the day or night.

Features

For checking and savings accounts, Wells Fargo Online Banking allows customers to set up direct deposits, pay bills, transfer funds, order checks and deposit slips, open new accounts, obtain tax documents, view canceled checks, or view your Wells Fargo Spending Report. In addition to account management, you can access the full menu of Wells Fargo products, including student loans, mortgages, home equity loans, CDs (Certificates of Deposits) and investment vehicles.

Benefits

There are several benefits to Wells Fargo Online Banking, including banking in your pajamas, no fighting traffic or hectic after-work schedules, instant information and pressure-free shopping for financial products. Furthermore, Wells Fargo Bank offers guarantees that 100% of customer funds are covered in the event of unauthorized withdrawals from unauthorized parties. The company enforces stringent measures to ensure that customers are protected from hackers and identity thieves by utilizing the industry's top security tools, including security questions, individualized passwords, Wells Fargo system firewalls, timed log-offs, 128-bit encryption and collaboration with major software manufacturers.

Warning

Even with all the amenities of Wells Fargo Online Banking, there are still some transactions that you will have to do at a local branch from time to time. Things like depositing a check, or closing procedures during the mortgage process will require you to visit with your local bank officer.
As easy as it can be to forget, using online banking is not a replacement for keeping track of your finances. You still need to balance your checkbook, either manually, or through your financial software.