Wells Fargo & Company(1) Announces New Mobile Service for Correspondent Banking Customers

Wachovia, a Wells Fargo company, today introduced Mobile CyberInquiry service to its correspondent banking customers, providing mobile access to their account information. With this expanded service, global financial institutions can view real time balances, account postings and transaction details with mobile devices.

"Mobile CyberInquiry service demonstrates our continued commitment to ensuring our correspondent banking customers have anywhere@anytime access to important account information," said George Doolittle, group head of Global Payment Services. "To better serve their own customers, we know our correspondent banking customers need to make decisions instantly -- whether they're in their office or on the road. This gives them the flexibility to safely obtain account information and notifications, without having to be at their office or computer."

The new service is available to correspondent banking customers using Wachovia's CyberInquiry service to view their account information online. The company introduced the service today at the 2009 SIBOS conference in Hong Kong.

Wells Fargo's International Group serves individuals, businesses, corporations, financial institutions, and multilateral institutions with a full range of international solutions. With more than 35 overseas offices, Wells Fargo is currently ranked #2 in the world in primary bank global correspondent banking market share and is one of the largest providers of FX services in North America.

Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally.

(1) Wachovia Bank, N.A. and Wells Fargo Bank, N.A. are scheduled to merge effective March 20, 2010. Until that merger, Mobile CyberInquiry will be provided by Wachovia Bank, N.A., a Wells Fargo company.

SOURCE: Wells Fargo

Wells Fargo 
Kathryn Ellis, 1-415-222-3767 (Media) 
Kathryn.d.ellis@wellsfargo.com

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