Wells Fargo Mobile Deposit Service Increases Anytime, Anywhere Banking Convenience for Customers
San Francisco, November 28, 2012 – In a move to deliver innovation and added convenience for customers, 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 finances."
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 https://www.wellsfargo.com/privacy_security/online/guarantee.
Press release from Wells Fargo